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My Liberal Art's degree is not worth a Super Sized Big Mac Meal. Thank god no student loans and paid cash. I really feel for the young folks who got F Hard by the woke telling them all they needed was a college degree in some weird subject.
Then after the BA they tell them they need a MA and finally after 6 years they have $150,000 plus in non bankruptcy type loans. The Baby Boomer Parents really F up the two generations under them.
Harvard University does receive endowments from faith-based organizations, including a notable $10 million gift to the Harvard Divinity School for Christian studies.
Harvard University, as a tax-exempt educational institution, is generally not required to pay property taxes on its academic properties, but it does make voluntary Payment in Lieu of Taxes (PILOT) contributions to the cities of Cambridge and Boston.
E
xamples of PILOT Payments:
In the 2023 fiscal year, Harvard paid the City of Cambridge $4.3 million in lieu of property taxes. Harvard has also made voluntary payments to the City of Boston, totaling over $26 million in the last 10 years
The vast majority of private and public universities and colleges are tax-exempt entities as defined by Internal Revenue Code (IRC) Section 501(c)(3) because of their educational purposes – purposes that the Federal government has long recognized as fundamental to fostering the productive and civic capacities of ...
In the United States, most universities and colleges, both public and private non-profit, are generally exempt from property taxes due to their status as charitable organizations providing a public good, education.