Endowment-rich, high-tuition colleges are hoarding wealth — it’s time to pay it forward  ...Middle East

Harvard University is sitting on an endowment worth more than $50 billion. Yale’s is worth more than $40 billion— and every day, it seems, I get a letter in the mail begging me to build that investment ever higher.  I’m grateful for the Yale bachelor’s degree and Harvard law degree I obtained, but when you consider that the interest alone on Harvard’s lightly taxed endowment provides $1.9 billion in income every year, they really don’t need my money. After all, the cost of attending Yale is $83,000, about the same as a brand new BMW M3 — every year.  So instead of courting ever more wealth, shouldn’t institutions blessed with massive endowments act with greater responsibility to soc

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