https://www.forbes.com/sites/adamandrzejewski/2021/10/31/ballooning-ivy-league-endowment-forecasted-to-top-1-trillion-by-2048/?sh=3d82b6263a37
Why are Harvard, Yale, and Princeton charging $80,000 or more for tuition, room, and board?
The Ivies added $44 billion to their endowments this year, and new estimates show their collective endowment could exceed $1 trillion by 2048.
Organized as charitable non-profits, the Ivy League is a cash generation machine. Their collective endowment now stands at approximately $188.2 billion, which is up from $144 billion in 2020.
Now, critics are questioning whether the Ivies have gamed the federal, state, and local tax systems to operate as educational charities. These schools pay little or no taxes on their investments, endowment gains, and property.
Here are the new endowments by school: Harvard ($53.2 billion), Yale ($42.3 billion), Columbia ($13.5 billion), Brown ($6.9 billion), Dartmouth ($8.5 billion), UPENN ($20.5 billion), and Cornell ($10 billion). (Princeton is the only school not yet reported; however, we forecast their endowment at $33.3 billion, up 25 percent from $26.6 billion in 2020.)
Harvard’s endowment now stands at over $10 million per undergraduate student. Yale is just shy of this number at $9 million. Brown, far behind its colleagues, boasts just over $1 million in endowment assets per undergrad student.
However, the Ivies billion-dollar optics problem is soon to become a trillion-dollar optics problem. The size of their endowments is set grow substantially over the next couple of decades.
Our auditors at OpenTheBooks.com forecast that the collective endowment of the Ivy League could surpass $1 trillion by 2049. This buildup of wealth for supposedly charitable educational purposes will trigger a host of public policy, legislative, and legal arguments. For example, Harvard alone could have $300 billion, or nearly $60 million per undergraduate student in endowment assets, by 2049.