At this point, these well-endowed universities are essentially Private Equity firms, each with a university hanging off the side as a minor, semi-profitable department within the firm.

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JoeNuts 2 hours ago | parent | next [-]

Universities get ~40-50% of their funding from the government. Private equity doesn't quite fit.

	▲	dhosek an hour ago \| parent [-]
		Is that across all universities? Because I would guess that, for example, University of Illinois gets a much larger portion of its funding from government sources than University of Chicago (which would be one of those well-endowed universities which, incidentally, just cut tuition to zero for undergrads from families making less than $250K).

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AndrewKemendo 3 hours ago | parent | prev [-]

Precicely this

Everything is a bank for the rich. The people who “invested” in the endowment would rather burn their money than let someone use it without getting a multiple return on it