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A comment on Undergraduates with family income below $200k will be tuition-free at MIT. Parent comment

Re:Undergraduates with family income below $200k will be tui... by blackhawkC17 on Wednesday November 20, 2024 @05:13PM (#42198659)
$9 billion annually [1] qualifies as not spending it, I guess. I wish people actually checked figures before ranting online.

1- https://projects.propublica.org/nonprofits/organizations/231...

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Re:Undergraduates with family income below $200k will be tui... by tdeck on Wednesday November 20, 2024 @06:37PM (#42199317)
The page you linked shows their revenue is $9.93B/year and is greater than their expenses. So clearly they're not spending down the principal.
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Re:Undergraduates with family income below $200k will be tui... by blackhawkC17 on Thursday November 21, 2024 @01:06AM (#42201575)
That’s because donors won’t let them drain all the principal in a few years.

UPenn’s revenue includes “sales of assets” and “investment income,” i.e., taking some part of the endowment annually to fund their operations.

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