The author notes (a) ways Harvard could spend its money that might have more public benefit and (b) that other non-profits are more deserving of donations. Even if all true, that doesn't mean it should be stripped of its non-profit status. Perfect management to optimize public benefit isn't the standard for whether an organization gets non-profit status.
The more interesting argument is about what organizational traits our government should require in order to be blessed with special treatment.
The more interesting argument is about what organizational traits our government should require in order to be blessed with special treatment.