For the Good of Illinois

Subscriber Special - Ivy League, Inc. - Our OpenTheBooks Investigation

March 30, 2017 10:00 AM
2016-08-08_12-27-132016-09-26_12-22-57
 
INVESTIGATING IVY LEAGUE, INC.

"The taxpayer gravy train needs to end..."
 
$41 Billion in U.S. Taxpayer Subsidies, Tax Breaks and 
Federal Contracts and Grants (2010 - 2015). 


IVY LEAGUE, INC

OPEN THE BOOKS OVERSIGHT REPORT

March 29, 2017
 

DOWNLOAD OUR REPORT: CLICK HERE


"Like" & "Share" on our Facebook page:
CLICK HERE
______________________________________________________ 

Yesterday, our report debuted on FOX News - with reporting by Gerri Willis. Watch the segment aired on  
Special Report with Bret Baier...

 
Ivy League, Inc. - Special Report on FOX News
Watch the segment, click here.
_____________________________________

OUR KEY FINDINGS - IVY LEAGUE, INC:


1. Ivy League payments and entitlements cost taxpayers $41.59 billion over a six-year period (FY2010-FY2015). This is equivalent to $120,000 in government monies, subsidies, & special tax treatment per undergraduate student, or $6.93 billion per year.
 
2. The Ivy League was the recipient of $25.73 billion worth of federal payments during this period: contracts ($1.37 billion), grants ($23.9 billion) and direct payments - student assistance ($460 million).
 
3. In monetary terms, the 'government contracting' business of the Ivy League ($25.27 billion - federal contracts and grants) exceeded their educational mission ($22 billion in student tuition) FY2010-FY2015.
 
4. The eight colleges of the Ivy League received more money ($4.31 billion) - on average - annually from the federal government than sixteen states: see report.
 
5. The Ivy League endowment funds (2015) exceeded $119 billion, which is equivalent to nearly $2 million per undergraduate student.
 
6. As a non-profit, educational institution, the Ivy League pays no tax on investment gains. Between FY2011-FY2015, the Ivy League schools received a $9.6 billion tax break on the $27.3 billion growth of their endowment funds. In FY2014, the tax-free subsidy on endowment gains amounted to $3.4 billion, or nearly $60,000 per student.
 
7. With continued gifts at present rates, the $119 billion endowment fund provides free tuition to the entire student body in perpetuity. Without new gifts, the endowment is equivalent to a full-ride scholarship for all Ivy League undergraduate students for 51-years, or until 2068.
 
8. In FY2014, the balance sheet for all Ivy League colleges showed $194,332,115,120 in accumulated gross assets. This is equivalent to $3.35 million per undergraduate student.
 
9. The Ivy League employs 47 administrators who each earn more than $1 million per year. Two executives each earned $20 million between 2010-2014. Ivy League employees earned $62 billion in compensation.
 
10. In a five-year period (2010-2014) the Ivy League spent $17.8 million on lobbying, which included issues mostly related to their endowment, federal contracting, immigration and student aid.
 
The tools of transparency have given the American people and our political leaders the chance to see waste like never before. 

It's time for an 'American Transparency Revolution.' 
 
 
 

Please donate to OpenTheBooks today. It's a tax-deductible gift that holds the political class accountable - across America.

Help OpenTheBooks today with a donation of $25, $50, $100, $250 or $500, click here.

It's Your Money. Join The Transparency Revolution!

 
 

Adam Andrzejewski (say: And-G-F-Ski)
Founder and CEO, OpenTheBooks.com
 Matthew_Tyrmand_signature
 
Matthew Tyrmand
Deputy Director
 
         
PS. Our new video describes how our data and technology can help you stop government waste!  Watch it here.
 
Together, we are a strong team. Please click here to help our mission.
 
2015-11-04_14-17-38
 
STAY UP TO DATE WITH OPEN THE BOOKS!

 

 

JOIN THE TRANSPARENCY REVOLUTION AT OPENTHEBOOKS.COM
 

Back

 

Comments

 

Rate this News Article:



 
   Indicates required field
Name
 
City
 
Email
 
State
 
Comment
 

2000 characters left

Please enter text you see below
 

Deanna Johnston Clark
Savannah, GA
4/1/2017 02:59 PM
 

  Seldom admitted openly is that these schools were endowed originally by the New England fortunes made shipping African slaves to our shores. If anybody should make restitution for that institution financially, it's them!!!