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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So, the University of California, *not* all of academia.[/quote]

Harvard, Princeton, Penn, University of Pittsburgh, University of Vermont …[/quote]

All have sizeable endowments. Crack open that checkbook.[/quote]

I love when people have no idea how higher eductaion works chime in. 
Try learning something:https://www.investopedia.com/ask/answers/how-do-university-endowments-work/

Endowment funds support the teaching, research, and public service missions of colleges and universities.

Typically, endowment funds follow a[b] fairly strict set of long-term guideline[/b]s that dictate the asset allocation that will yield the targeted return without taking on too much risk.

In the case of endowment funds for academic institutions, the income generated is intended to finance a portion of the operating or capital requirements of the institution.

Some endowment funds have guidelines stating how much of[b] each year's investment income can be spent. For many universities, this amount is approximately 5% [/b]of the endowment's total asset value. Some institutions, such as Harvard, have endowments that are worth billions of dollars, so this 5% amount can end up equaling a large sum of money.
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 In the context of the U.S. higher educational system, the presence of endowment funds are often integral to the financial health of educational institutions.[/quote]

[b]Okay but that means that these institutions are hedge funds with an education side hustle[/b]. [/quote]

Your statement reads like someone who heard something somewhere and just repeated it without an understanding of what you are saying.
They are not a hedge fund. You don't invest in a university and get your money back. Their endowments may and often are funneled to hedge funds instead of other money markets, but...
Oh never mind. You are not willing to understand so why waste my time.[/quote]

Right. They are worse than hedge funds. They don’t benefit investors other than themselves and don’t pay taxes. Thanks for pointing that out![/quote]

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