JoeNuts

This study estimates that government spending is 40% of public university revenue, ~10% for private schools. https://nces.ed.gov/programs/coe/indicator/cud/postsecondary...

Universities get ~40-50% of their funding from the government. Private equity doesn't quite fit.

Personally I've never had real people use any of my personal projects, just some bots trying to break into the server occasionally with some generic scripts. So you'll probably be fine