Ivy League Universities Flush With Cash Set To Receive Millions In Federal Coronavirus Funding
Posted on AllSides April 21st, 2020
From The Right
The eight elite private colleges of the Ivy League are slated to receive millions in taxpayer-funded coronavirus stimulus money despite controlling endowments with a combined value in 2019 of over $140 billion.
Five Ivy League schools posted operational surpluses of over $200 million in 2019, according to their financial statements from that year. Secretary of Education Betsy DeVos said that schools with significant endowments should determine whether they really need federal assistance and to send any unneeded stimulus funding to schools that are actually in need.
The eight Ivy League...
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