Read original article at TheNationalDesk.com.
WASHINGTON (TND) — A new documentary exposes Ivy League universities for their massive endowments and the billions they get from taxpayers.
CEO and founder of Open The Books Adam Andrzejewski joined The National Desk’s Jan Jeffcoat Friday to discuss the issue.
“The documentary, "Exclusion U," pulls back the curtain on the Ivy League and it simply asked the question, why as a society, are we investing so much in these elite institutions when they give back so little?” he said. “For example, the Ivy League's have massive endowments that continue to grow exponentially, yet, their class sizes their freshman enrollments have remained stagnant over the course of the past 20 and 30 years while their tuition costs have soared, and it's not for lack of money.”
Exclusion U interviews students, alumni, faculty members and other experts, and reveals these wealthy institutions benefiting from public funding while remaining exclusive.
Ivy League endowments are worth $193 billion and yet these same schools cost taxpayers tens of billions of dollars.
“At Open The Books, our auditors have forecasted a trillion-dollar collective Ivy League endowment over the course of the next 25 years,” Andrzejewski said. “Well, now they have the stunning nearly $200 billion of endowment funds.”