Total assets, $76 billion.
Net assets, $64 billion.
Endowment, $53.2 billion.
(Keep in mind, the endowment grows tax-free, and donations to it are also tax-free.)
Allocations: 39% is in private equity and 32% in hedge funds. Over 70% in financial vehicles to which the average person does not have access.
But they are a 501(c)3. A non-profit with an investment team that earns multi millions that just happens to generate multi billions every year (yet underperformed the S&P index last year).
With student loans, it's a giant taxpayer subsidized hedge fund - that's tax free to them. Harvard will say "it's for the greater good," but is it? If this entity were a person, a corporation, hell, even a trust - that entity would have to pay taxes. Harvard takes, but does not give back.
Overview of 2024 finances - PDF of full report in the link.
https://finance.harvard.edu/financial-overview
Of note:
Total assets, $76 billion. Net assets, $64 billion. Endowment, $53.2 billion.
(Keep in mind, the endowment grows tax-free, and donations to it are also tax-free.)
Allocations: 39% is in private equity and 32% in hedge funds. Over 70% in financial vehicles to which the average person does not have access.
But they are a 501(c)3. A non-profit with an investment team that earns multi millions that just happens to generate multi billions every year (yet underperformed the S&P index last year).
With student loans, it's a giant taxpayer subsidized hedge fund - that's tax free to them. Harvard will say "it's for the greater good," but is it? If this entity were a person, a corporation, hell, even a trust - that entity would have to pay taxes. Harvard takes, but does not give back.