STUDY: IVY LEAGUE UNIVERSITIES RECEIVED $41.59 BILLION IN TAXPAYER FUNDED PAYMENTS AND BENEFITS OVER SIX YEARS

[4/19/17]  A study by the fiscal transparency advocate Open The Books released an eye-opening study on how many government handouts Ivy League universities receive on an annual basis.

Since 2010, taxpayers have shelled over $41.59 billion in payments and funding for these elite universities — around $6.93 billion annually.  Specifically, the schools got $25.73 billion in direct payments through contracts, grants, and student aid.

A number of these federal grants facilitated the study of topics like “the influence of women’s employment on marriage in Bangladesh,” “ethics in Tanzania,” “wintering grounds for gold-winged warblers,” “urban black men who have sex with men and women,” and the question “what does health insurance do.”

The schools also received special tax breaks on their endowments, which equal $119.41 billion combined. Every Ivy League school has an endowment well into the billions, with laggard Brown University at $3.2 billion and leader Harvard’s at $35.7 billion.

Startlingly, the eight colleges individually collected more money from the federal government than sixteen states, including Nevada, Kansas, and Vermont.