this post was submitted on 09 Feb 2025
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According to Yale's website their operating budget is about 6 billion of which 2 billion comes from the endowment. That seems a bit low, but they are probably putting some money back into the endowment to grow it further.
I'm not saying they couldn't afford to keep this one class (surely they could) but funding the whole operation with just the endowment would fail in the long term.
Nobody understands endowments. Universities only use the interest earned from them as investments. And Apple makes more revenue in a quarter than Harvard has in their entire endowment - and theirs is the largest.