For the Good of Illinois

Ivy League Inc

March 29, 2017 08:01 AM
Red_Line OpenTheBooks_Charts Red_Line



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.






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Nora Engel
Philadelphia, PA
11/1/2018 11:13 AM

  Do these numbers include NIH research grants? I don't think the NIH is wasteful (it's underfunded, in fact) but it's true that the richer the university the more funding it gets from NIH. It would be interesting to see data on NIH

Alan Christopher
Lakeway, TX
2/8/2018 05:36 PM

  @ Reggie Grant; So if I understand your comments... research and development should be financed by taxpayers with corporations profiting from it. Exactly the mindset contributing to over 20 trillion and growing debt for generations to come. I am pretty sure private enterprise will find a way to fund without taxpayer funding!

Mike Schroeder
Sedona, AZ
5/14/2017 01:10 PM

  When the FEDERAL GOVERNMENT through various programs fund IVY LEAGUE schools to a greater extent than SIXTEEN (16) states you know how the elites take care of themselves with YOUR tax dollars. I suggest getting the FULL report that outlines ALL the federal GRANTS and contracts that go beyond straight funding. Eye opening. What a racket.