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It should be prohibited for schools, hospitals and politics to depend on investors
Well, it’s not an investor, just a donor. Almost all universities and colleges are non-profits, so they do not have investors.
Almost all universities and colleges are non-profits
That’s more a tax-dodge gambit than a reflection of their business policies.
So he will stop donating. Funding is not what he is doing. The school is funded without this schmuck.
Columbia has a $13.6B endowment, which has consistently grown at 8-10% annually.
Kraft has historically donated in the $5M range annually. So, less than 1% of what the university earns on a portfolio whose principle never gets touched.
