Name: ハーバード大学をはじめとする他大学の寄付金の管理方法 (How Harvard and Other Colleges Manage Their Endowments)
Uploaded: 2021-01-14T09:34:00.000Z
Duration: 22 min 8 s
Description: VoiceTubeの動画で発音を聞きながら英語表現を覚えよう！学べる英語：

Ivy League schools have gained a sort of reputation as a system built for

We're not talking about donating a building so that a school's more likely

But go back to what the attorney said at the beginning of his sentence.

We're not talking about donating a building so that a school is more likely

There's a perfectly legal way to give big to universities.

One place to pool all those funds from alumni, or really anybody who wants

to donate, is in something called an endowment.

There's a lot of money, power and debt in the American higher education

system. I've worked on stories looking out why health care is so

expensive, who gets rich off school lunches and why college in America

But for this video, I wanted to follow the money through some of the

There's billions of dollars piling up untaxed, and some people still can't

Which got me wondering, where is all of this money going?

When we see charitable donations, the response is that this is just how a

rich person is choosing to spend their money.

There's a significant contribution to their donation paid by the American taxpayer.

These private universities have a lot of power.

It is not surprising that statistics show that the donations from alumni

are going up spectacularly as their children reach status as a senior in

high school, and then a drop off after that if they haven't been admitted.

And there's no shortage of six, sometimes nine-figure donations at these

The Ivy League school has a big endowment.

For context, Facebook has forty one point one billion dollars in what's

And it's not only schools like Harvard, even some public schools have huge

colleges have more than $616 billion in endowment assets, but they only

spend about five percent of that every year.

And since most universities are nonprofits or government entities, those

endowments come with a multi-billion dollar tax break.

Neither the public nor the people who regulate endowments or tax them have

a very good idea of what the purpose of them is.

My concern is people seeing these institutions as islands of wealth that

A lot of universities will talk about how they don't want to divest

the endowment because that's a political move.

Perhaps it would be better for society if they were to give this money to

do some poor black college in the South that really needs the money badly.

Wake up and use your endowment in a more responsible way.

And since you aren't doing that, we're going to tax you.

college endowment fund is bigger than the GDP of nations like Jordan,

These massive university endowments are pretty distinctly American.

There is a little element I'm afraid of mine is bigger than yours is.

I can afford to keep $30 billion in the bank and not spend it because I'm so flush.

But colleges haven't always had so much money put away.

That's because philanthropy just wasn't as popular as it is today.

It wasn't until the 1800s that universities got serious about fundraising.

If you look at Harvard and Yale as good examples, both of them were cut off

from from state funding over religious disputes.

They had to raise money some other way and they went to their rich

alums and got them to give them some grants.

For the most part, wealthy Americans in the 19th century kept their money

Then came Andrew Carnegie, one of the richest men to ever live.

In 1889, He wrote an article that challenged Americans to change the way

Saying "the man who dies rich dies disgraced."

Then foundation culture took off, and rich Americans like Rockefeller and

Ford began donating millions, endowing colleges and other nonprofits in

High up in a tower in midtown Manhattan, are the offices of an unique

organization devoted primarily not to making money, but to giving it

They are a buffer for the operating budget of the university because the

economy goes bad, the alumni stop giving, the government grants dry up.

The problem is that they aren't used that way.

Yale was actually constructing new buildings.

But that was thanks to a few specific donations, Yale's endowment took a

What we've seen with endowments is when there are economic downturns, the

schools with those endowments tend to reduce spending from the endowment

in order to conserve the endowment resources.

So if there's a downturn in the economy, I wouldn't count on Harvard

University stepping up to enroll more low income students.

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ハーバード大学をはじめとする他大学の寄付金の管理方法 (How Harvard and Other Colleges Manage Their Endowments)

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