Sure, sure. The endowment generates revenue which is then spent on stuff. Harvard spends billions every year on stuff. A small slice of that spending over the last decade could have gotten them a huge scientific and prestige boon: the first major private telescope in space. (Cubesats don’t count.)
Government subsidies might explain it though. Why should Harvard spend their own money when they can spend mine?
Government subsidies might explain it though. Why should Harvard spend their own money when they can spend mine?