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De Omnibus Dubitandum - Lux Veritas

Showing posts with label Endowment Funds. Show all posts
Showing posts with label Endowment Funds. Show all posts

Monday, March 24, 2025

Why Are We Giving Any Money to Colleges?

They have BILLION dollar endowments 

Susan Daniels Mar 21, 2025 @ Susan's Newsletter

President Trump just “paused” $174 million from going to the University of Pennsylvania because the school is still allowing transgenders to compete against women. That college has an endowment of $22 billion dollars. Why are we giving them a nickel?

We throw around the word “billion” so easily that we forget what a billion really means. A billion is a thousand million: $1,000,000,000. The UPENN has twenty-two times that much. $174 million is pocket change to them, so why just “pause” it?

These colleges could allow students to attend for free.

From USA Facts 2023: What schools received the most money?

A little less than half of all federal grant money was for university medical research and development. Biomedical research and research training was the largest funded medical research and development category in 2018, followed by aging research. Harvard University received the largest federal grant: $179 million from the National Institute of Health. Columbia University received the second largest grant, $165 million, invested from the Centers for Disease Control and Prevention.

Why are they getting any money? If the cannot sustain themselves with their outrageous tuition, then they need to close shop like private industry does.

Where’s DOGE?

https://m.media-amazon.com/images/I/61Tg652gkjL._SL1500_.jpg

Susan Daniels is a private investigator and the author of The Rubbish Hauler’s Wife versus Barack Obama: A True Story which is available on Amazon.com.

Politics like we have never seen.  Recommend Susan’s Newsletter to your friends.

 

 


Monday, April 12, 2021

Dems send $168 million in 'relief' to elite Ivies with endowments worth more than $140 billion

Yet more government spending Insanity and partisan payoffs.  
 
 
The Golden Horseshoe is a weekly designation from Just the News intended to highlight egregious examples of wasteful taxpayer spending by the government. The award is named for the horseshoe-shaped toilet seats for military airplanes that cost the Pentagon a whopping $640 each back in the 1980s.

This week, our award is going to the United States Congress for allocating nearly $170 million  for emergency funding to be distributed among Ivy League universities, some with endowments larger than the total assets managed by some mid-size investment funds.

The most recent "coronavirus relief bill" cost just under $2 trillion, placing significant upward pressure on the already-skyrocketing national debt. The Biden administration's opening salvo was criticized for being packed with spending only tenuously related to the pandemic, including $86 billion to bail out union pension funds and $1.5 billion for Amtrak (a pet cause of President Biden, dubbed "Amtrak Joe" during his Senate years for his daily rail commutes between Washington and his Wilmington, Del. home).

Last spring, American colleges and universities received $14 billion in funding from the CARES Act. In December, the same institutions received an additional $22.7 billion from the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA)...........To Read More....