Hoarding endowments: How poor students and taxpayers preserve the wealth of private higher education
Buried in this story about elite universities’ practice of hoarding endowments while squeezing money from Uncle Sam and poor students is a nugget of information on which the otherwise all-knowing Nonprofiteer has previously failed to focus: that colleges and universities are exempt from the 5% distribution rule which controls hoarding by foundations.  Institutions of higher... Read more »