The only inaccuracy in this journalistic masterpiece is saying anyone in Hoboken is worth swinging with.
@stephenziga2319
11 ай бұрын
Hi Dan, you forgot to mention that havard University still applied for Covid relief funds even though they gave 50billion USD in endowment. They received 10s of millions of dollars in relief funds.
@MaxwellTornado
11 ай бұрын
I'm still trying to wrap my head around the fact that an actual, real-life place is legitimately called "Hoboken", and it's not just an intentionally stupid name someone came up with to put in the Mafia videogame.
@odawgmurph
11 ай бұрын
@@MaxwellTornado mf i live there and you bet your ass its a real place. not even the goofiest town name in new jersey. we have Mahwah, Ho-Ho-Kus (the hyphens are in the name), Brick, Ogdensburg, and Moonachie. there are 65,000 people living in hoboken and it rules
@MaxwellTornado
11 ай бұрын
@@odawgmurph Ogdensburg doesn't sound weird at all. Brick sounds cool. I wanna live in Brick.
@grahamwilder5756
11 ай бұрын
@@MaxwellTornadobased
@westvirginiaglutenfreepepp7006
11 ай бұрын
Is good work replacing the daily show? Some experts say yes. Others have credibility.
@yurisich
11 ай бұрын
Having segments on the show would be interesting. Showcase some additional talent on the channel.
@westvirginiaglutenfreepepp7006
11 ай бұрын
@@yurisich maybe but that feels like a different show altogether. then again, it's not up to us is it?
@letsgoan
11 ай бұрын
yea yea yeah, i think so.
@Benzinilinguine
11 ай бұрын
...wait.
@dexterlecter7289
10 ай бұрын
Daily show is and always has be re?arded. Stewart is a total tribe POS and the new guy isn’t too much better.
@hakim6158
11 ай бұрын
I'm also well endowed but no one made an investigative report about it 😒
@kraznerr
8 ай бұрын
Thank you Rick Astley, very informative!
@pb_and_nutella
11 ай бұрын
Wow, I could've bought a coffee shop with one year's tuition and I would actually have a job four years later instead of a large, thick piece of paper that I literally haven't looked at once!
@Jeff-theBuilder
11 ай бұрын
Shout out to whoever made the drink levitate at 1:34. I have no idea why that was so funny to me, but you just made my day
@slugma_nuts
11 ай бұрын
4:20 the cone
@Jeff-theBuilder
11 ай бұрын
@@slugma_nuts Oh my god I didn't even notice it! Thx for pointing it out
@austinherbert4140
7 ай бұрын
Im obsessed with the channel, best thing I’ve seen on KZitem in a long time. Keep this up! If there was a patreon for more content like this I’d totally subscribe
@dedmondiumpactonum3469
11 ай бұрын
Now that's what I call an expose!
@Chicanery_Artifice
8 ай бұрын
i love how you constantly put your name next to your face
@arlynechinyanganya6855
11 ай бұрын
You earned that like with “inflaiyon” 👍
@remotecontrol202
11 ай бұрын
I feel like that last bit is going to be clipped and captioned "white people saying their favorite part of tokyo"
@sullivan3004
11 ай бұрын
Fantastic video
@mayam9575
11 ай бұрын
Another important fact is that non of these universities pay property taxes because they are "nonprofits". Yale owns 54% of the land in New Haven. In 2019 they had a $40 billion endowment while the New Haven Public School system was over $20 million in debt. The property taxes Yale would have owed the city would have covered this.
@mayam9575
11 ай бұрын
Additionally this idea of a raining day fund needed for something like covid is really just bullshit. During covid Yale fired almost all of their non union and non faculty staff like kitchen workers and janitors. While obviously they would be doing less work during covid they are a $40 billion nonprofit
@aluisious
11 ай бұрын
Disloyalty detected. Units have been dispatched to your location.
@thomas16126
10 ай бұрын
same with U Penn
@normalwerido
10 ай бұрын
Columbia U is the largest private property owner in NYC
@TheAlchemist1089
8 ай бұрын
@@normalweridoI think it's the church Columbia is second
@Jensen-C
11 ай бұрын
College tuition has surpassed inflation by over 20% for a long time lol. The idea they need these endowments to combat inflation is insane
@Algormortis9
10 ай бұрын
They'll argue that their costs are increasing in order to remain competitive with rival schools.. an arms race of excessive spending and exclusivity bullshit. It's insane how much good all that endowment money could be doing in the world, but no, that's the purpose it's serving. I will NEVER donate to a college, they take more than enough from their students and their families.
@joshuathomas5626
8 ай бұрын
Yea it’s insane how the nation has just accepted the racketeering of college tuition. At this point, criticizing tuition hikes is about as effective as criticizing congress for their self pay increases. It’s disgusting
@Spencer481
11 ай бұрын
A few years ago the dean of Princeton was interviewed on a podcast, and the host asked him since their endowment was so massive would he ever recommend to a donor to give the money to a smaller institution because the money would make a bigger difference there. He said no because he couldn't guarantee the money would be spent well. Princetons endowment currently sits at 34.1 billion. Mf you aren't spending that money well. These ghouls will never willingly give a thin cent to anyone but themselves.
@allisonc.-jt4rc
11 ай бұрын
Well said.
@aluisious
11 ай бұрын
I want to know what the dean of Princeton actually fucking does all day.
@SirPhysics
11 ай бұрын
"well spent" means invested. Remember, they're finance ghouls. They see the purpose of an endowment as growing exponentially to be as large as possible, not to actually facilitate the running of the school.
@filmawayvlad
8 ай бұрын
All right, all right, all right…
@rekit7351
8 ай бұрын
At Harvard, there are 1.45 administrators for every teacher. There are 7,024 administrators, and 7,240 students.
@DharmicSeeker
11 ай бұрын
Honest to God this is some of the best comedy-news I've seen in a while. Good work guys.
@cinilaknedalm
11 ай бұрын
Couldn't agree more. And info is awesome. Dan is a genius
@nabicx
11 ай бұрын
I agree, I need more of this
@NormanCorebit
11 ай бұрын
Right. "Comedy-news".
@godlyobject6509
10 ай бұрын
@@NormanCorebit Comedy is rooted in truth.
@HCoreSoldierKili
7 ай бұрын
the cutss to him loking into the camera during the zoom intervies is already funnier than any netflix comedy special ever
@edward1937
11 ай бұрын
“We stock pile cash in case tuition prices go up” my brother in Christ you are in charge of your own tuition pricing
@franmonkeyplays2969
4 ай бұрын
Also they said for emergency’s but during COVID everyone was still paying them like regular lol
@ivandankob7112
2 ай бұрын
Tell me you know nothing about economy without telling you know nothing about economy. Any cost can rise if, say, the gas price is risen, and not all businesses control gas prices
@MossTunic
2 ай бұрын
@@ivandankob7112yah know, generally i am against this medication being used for shallow cosmetic reasons, but i think ozempic might be good for you as deep throating that many capitalistic boots can't be good for your health. you're not looking at the big picture, you need to zoom out more.
@Uruz2012
Ай бұрын
@@ivandankob7112They could pay to run the university for decades without taking in any tuition. Therefore, they could keep tuition the same and take a cut in their income while providing the same services.
@jarrah580
Ай бұрын
Not how it works
@antonmorozov5193
11 ай бұрын
Sooo.... students have to pay a lot for colleges while colleges get a lot of money they don't spend on education. Does this mean that colleges now are in business of collecting money instead of education?
@1.4142
11 ай бұрын
art collages especially
@copiouscat
11 ай бұрын
Yes. That is precisely what kind of business is going on
@ClothyCentral
11 ай бұрын
no but colleges are
@TheAceOfOnes
11 ай бұрын
Always have been, but they’re “non-profit” it’s a massive scam
@vailpcs4040
11 ай бұрын
Shhh.... don't say the quiet part out loud! The wealthy don't like it when you point out systematic wealth inequality enablement.
@stephenziga2319
11 ай бұрын
Hi Dan, you forgot to mention that havard University still applied for Covid relief funds even though they gave 50billion USD in endowment. They received 10s of millions of dollars in relief funds.
@x--.
11 ай бұрын
It wasn't a rainy enough day.
@RSAgility
10 ай бұрын
Well Money talks, if i have a lot of it, for some reason, others want to give me more...more discounts etc..make my life easier
@alexrivera5747
11 ай бұрын
I'm imagining colleges franchising like McDonald's where you can apply to open up your own local Harvard.
@lennartmakkink7427
11 ай бұрын
"You're not in the ripping-off-college-kids business, you're in the real estate business."
@ilhamrj2599
11 ай бұрын
Lol, college franchising already exists, many of them are operational in China, Middle East, and Southeast Asia. So, nope it is not novelty, for quite some time now.😅
@Sololeveler344
5 ай бұрын
Well i think pennstate has multiple campuses idk if they are franchise though
@dcoughla681
3 ай бұрын
Why not Harvard online? It would be cheaper. Even better Harvard AI online,. AI can do all the work & sit your exams so you don’t have to attend.
@dj001k
11 ай бұрын
Thank you for covering uni board of trustees and how these are increasingly being run by private equity types. A topic that deserves way more attention (uni boards set tuition and determine operating budgets).
@melkenhoning158
11 ай бұрын
Right. I wish the university students who attend these institutions would speak up about this more considering they and their peers are in the direct line of fire.
@LaVidayElTristeFinal
Ай бұрын
To add some perspective, the combined amount of endowment money of all US universities is 839 billion dollars (i.e., $839,000,000,000). The total number of college-aged Americans is about 22 million (taking a 4-year age bracket). If you divide the endowment by the people of college age, each one could get a lump sum of $38,000. That would be enough to pay tuition for a year or two, but no more than that. If only half of those 22 million attend college, you can give them 76,000 dollars each, which may cover 3-4 years of tuition at an average school, but then the money is gone. So, it's a ton of money, but not enough to give freebies to everyone.
@TihetrisWeathersby
11 ай бұрын
I'm glad you are tackling this topic, Universities especially the big ones are practically corporations with how they operate
@gregtomamichel973
11 ай бұрын
Yes, and other corporations don't just stockpile money, they find effective other ways to put that money to work.
@Fractured_Unity
11 ай бұрын
@@gregtomamichel973Money itself “works”. So those who profit off of the management from the endowment have an incentive to find ways to maximize it’s value.
@aluisious
11 ай бұрын
Apple had to get threatened by a large activist investor into doing something with $200 billion they were sitting on.@@gregtomamichel973
@creepersonspeed5490
8 ай бұрын
@@gregtomamichel973 As someone who works in a university, don't you worry, it is working. Just not toward us
@Insan1tyW0lf
5 ай бұрын
"Why would we put a small percentage of our massive endowments towards free tuition when we literally have people lining up and competing to pay us? We're a nonprofit, not a charity." - Universities, probably
@aluisious
11 ай бұрын
Non-profit...but we happen to be extremely rich.
@Alwayswesome
11 ай бұрын
Having worked at an endowment, I can say these really are important questions that not enough people are asking (especially with regards to the biggest endowments)
@1wakuralain
8 ай бұрын
A lot of people are asking them but you won't see those people working at endowment departments because... the endowment departments don't want to hire people who desire change to the infinite money machine.
@GoodWorkMB
11 ай бұрын
BREAKING: We are bringing our journalistic talents to the New York Comedy Festival on November 8th for a special business conference. Tickets can are available for purchase and flexxing on your coworkers 👇
Thank you for all you do. Your Reportering is duly and truly impeccable and what is needed these days. 🫡 GOOD WORK Stay lit 🔥 Big homie.
@3forte
11 ай бұрын
These days I wouldn't even consider Harvard to be just a university. I would think of it as a massive business conglomerate, with their hands in the banking, insurance, medical, and publishing fields.
@JustinY.
11 ай бұрын
That awkward moment when Harvard's endowment makes so much money it would make Scrooge McDuck jealous
@MustraOrdo
11 ай бұрын
Hey, it's the ninja man
@StuffandThings_
11 ай бұрын
Damn its been ages since I last saw you in a comments section
@elijahcanete6992
11 ай бұрын
THE LEGEND IS BACK
@justanerd414
11 ай бұрын
Bro went to get milk and only now found way back
@StuffandThings_
11 ай бұрын
@@justanerd414 Nah I think he just ran out of shurikens and had to get more
@attackeyebrows3649
11 ай бұрын
shoutout to the guy in 5:29 doing peace sign to the camera. Was wondering how people react like everything is normal when our baige coat guy is out in the street.
@parid1gm640
7 ай бұрын
As a person that grew up around Berea College and has a Mom that currently works there, it’s great to see them represented as a college that puts their funding towards the students instead of saving it for massive projects.
@allensu9363
11 ай бұрын
Find it strange that universities won’t use endowments to reduce tuition
@PearceVaughn
11 ай бұрын
that's the hopeful, loving part of your humanity speaking. your cynical side knows that makes perfect sense, because why would those greedy, chalk-handed pigs feel a need to do anything that actually helps people?
@aluisious
11 ай бұрын
It's only strange if you assume their reason for being is to educate people instead of provide a cushy, elitist place for a bunch of faculty and alumni to hang around.
@vishakhabanerjee4424
7 күн бұрын
I mean they coul also increase the salary of teacher or give us better Job placement coaching or ups killing so That it would help us
@marioxzzz
11 ай бұрын
I have no trouble believing Dan goes to swinger parties
@Itslvle
11 ай бұрын
This entire subject is such an Americanism my European head is spinning.
@charlotteathena
11 ай бұрын
i like that the channel is aware enough to have a person other than dan back up the actual facts because you have a very clear jokey-serious distinction
@MrBrandybuck1120
11 ай бұрын
Whoever is editing these videos is doing a FANTASTIC job!!!!
@zants_
11 ай бұрын
With that said, though, I can only imagine what these videos would be like if someone like Prezoh edited these lol
@treyshaffer
11 ай бұрын
It is wild to think that the US News Rankings might literally result in billions of dollars in economic activity in trying to game those rankings to universities advantages.
@melkenhoning158
11 ай бұрын
Good Work always makes you feel a mix of feeling amused and incredibly pissed off at the same time. Thanks for talking about this topic which is criminally under reported
@AsianFoodNerd
11 ай бұрын
🌟Anyone catch the EASTER EGG: flying coffee cup 1:34 🌟
@cilantrho
3 ай бұрын
yeah i went to a community college and right before i started they told us that textbooks were free forever. if they can do that, far more elite schools can, too.
@vietimports
11 ай бұрын
colleges have basically become banks and investment funds. and administrative costs are so high because people join the board or some random titled position at the school and get a big payday for being friends with people in high places.
@Prince_Sidon
11 ай бұрын
The sudden zoom into Dan's angry face is why I always come back for more. Btw, isn't Shibuya in Japan or something?
@thefruitman3200
6 ай бұрын
yes it's a famous neighbourhood in tokyo
@eazeyt1759
11 ай бұрын
Also, you don’t HAVE to go to Harvard, Yale, etc. there are plenty of great schools that don’t cause you to go into insane levels of debt. You go so that you can tell people that you went.
@allisonc.-jt4rc
11 ай бұрын
Agreed. However, numbers 7 and 9 on the list are well-known State schools. ($17 Billion endowments)
@x--.
11 ай бұрын
*Yes, yes, you do.* If you're rich and your kid is not the best student, has modest intelligence, or just wants to be lazy then they absolutely need the networking opportunities. No price is too high to make sure they are hobnobbing with the right (rich) people. It's a ticket to staying rich and, if you are savvy enough, the elite, upper class.
@aluisious
11 ай бұрын
I graduated UCLA with $12k in debt. Paid it off in a year and a half.
@aluisious
11 ай бұрын
"Elite" universities are about rubberstamping the next generation of elites. That's why they have "legacy admissions." One would have to be very foolish to believe that Harvard teaches better science or engineering than Berkeley.@@x--.
@Praisethesunson
11 ай бұрын
@@user-bq2ek1xf7iWhy imagine? The U.S learned that lesson. When those poors graduate the good colleges without massive debt. Then they do radical stuff like effectively enact changes in the status quo that benefit the other filthy poors. The rich decided that radical actions from educates poors cannot happeb again. Hence schools harvest vast piles of money for the sake of stability in the economic hierarchy.
@me0101001000
11 ай бұрын
I'm a scientific researcher and PhD student in the fields of electrochemistry, molecular physics, materials science, and chemical engineering. My fields aren't nearly as expensive to work in as the likes of biological and medical sciences, but I still think it's deeply sad how these endowments could go to internally funding nearly all of a university's research without the need for external grants, paying off all tuition for students, run nearly all of the necessary facilities on campus grounds, pay all of the workers a living and thriving wage, and then still have plenty left over, for decades if not centuries. Finances are a perpetual stress for everyone, and universities do nothing but hoard without purpose. It's both infuriating and disheartening.
@evancombs5159
3 ай бұрын
The endowments are huge, but they are not that huge. These larger universities likely have yearly budgets in the high 100's of millions or billions. If they put the whole worth of the funds towards paying those costs they would run out of money within a decade or two. The profits of these funds can go a long way towards reducing or eliminating tuition, but they are far from actually being able to pay for the operating costs of these universities.
@me0101001000
3 ай бұрын
@@evancombs5159 depends on the school. At smaller institutions like liberal arts colleges and tier 3-5 universities, you are absolutely correct. But at tier 1 and tier 2 universities, both public and private, they have enormous incomes from companies, real estate, contracts, alumni donations, and a whole host of other sources of cash flow. Take Johns Hopkins for example. JHU is quite literally the landlord of the NIH, a huge contract hub for the DoD and DoE via the APL, and have academics who sit on advisory boards for a number of companies in medical devices, energy, and construction. Now, their administrators are also paid exorbitantly while their staff are paid between minimum wage to a livable but not thrivable wage. Tuition is an enormous profit for the university, on top of the overhead from grants that the professors write and win-- overhead ranges from 40% to 65%, depending on the department. Beyond cutting tuition, the university is able to cut significant costs of operation. I will agree with you that it will not be able to pay the costs in full on endowment alone, but I would expect a lion's share to be covered at least.
@MissterBest
11 ай бұрын
I worked for the company that does he accounting for the Harvard and MIT endowments. They invest in EVERYTHING and run in the billions.
@JP345etc
11 ай бұрын
The same with income as with race discrimination, giving aid to a few token individuals per year does not help, but it reinforces the problem. Tokens from excluded castes are weaponized by the ruling caste, they perpetuate the lie that anyone has the same opportunities "if they work hard enough". The truth is, you can get good education outside "prestigious" schools. Getting a degree from these is the modern (but literal) equivalent of buying a title of nobility. If you try or want to get a prestigious degree, you're actually encouraging the problem. Even if you do it without money from a disadvantage. Of course a prestigious degree *will* land you better jobs. 🙂Just like titles of nobility used to. If you play the game right you could even end up in one of those boards, yum. Or in Congress.
@gibshredcamel
11 ай бұрын
Great piece. University of Pennsylvania has an endowment of 21 billion and they still nickel and dime poor people. Deplorable.
@thisIsFunnyLolz
5 ай бұрын
Yep and erode more of Philadelphia's neighborhoods to buy up land and not pay property taxes on it
@fireant202
11 ай бұрын
Freakonomics did a great multi-part series about elite colleges and why they don't follow the typical supply and demand rules of markets. Basically, as he said, their value partly comes from their exclusiveness so deans are hesitant to start eroding that. There was one example of a school that opened new campuses abroad but they're an outlier.
@SirPhysics
11 ай бұрын
Behind closed doors these schools plan out how to encourage more students to apply to them knowing they won't accept any of them, just to increase how "selective" they are
@haplon33
11 ай бұрын
10/10 this channel has the best selection of topics
@jonathanhuhn4364
11 ай бұрын
I keep hearing that the Ivies should just expand, but I don’t think that’s the solution. If the US population keeps growing while Harvard classes stay the same size, the prestige/signaling value of a Harvard degree only increases. Everybody involved (Harvard, the alumni, the students who made the cut) wants that. The Ivies don’t exist to educate the masses, they exist to pedigree the elite. We’re not going to change that.
@AmandaabnamA
7 ай бұрын
Okay, then use the money for good instead of hoarding and multiplying it for themselves and PE
@mogulmayhem
11 ай бұрын
Breaking News: Dan Toomey is "well endowed"
@CriterionCafe
11 ай бұрын
When will you do an episode on MBAs!!!??
@whyamilikethis1998
11 ай бұрын
Dan admitting he's a swinger finally makes the trench coat make sense, it's all adding up
@joshuathomas5626
8 ай бұрын
Giggidy
@tobydoyhowell
11 ай бұрын
Ummm did dan get hotter in this one or is it just me? 🥵
@YourFinanceGuide
11 ай бұрын
"For-profit" Non-Profit education.
@theotherguy769
11 ай бұрын
So happy to see iceland THEN YOU CALL US FAKE??!?!!?
@GoodWorkMB
11 ай бұрын
we only report the truth. even if it pertains our closest friends.
@thansri
11 ай бұрын
College tuition is getting way too expensive for middle class to afford even with financial aid program. In 1992 College Tuition = BMW 325I , Now = BMW M5 ( Cost per year )
@Maxyy40
11 ай бұрын
Dan Toomey always killing it.
@StuffandThings_
11 ай бұрын
Another fun college endowment fact: the Harvard endowment bought a lot of questionably legal forest in Romania some decades ago, and is now selling it off to Ikea who logs the pristine old growth
@cjthebeesknees
10 ай бұрын
Corruption, it’s corruption.
@creepersonspeed5490
8 ай бұрын
@@cjthebeesknees+ greed
@siggyincr7447
5 ай бұрын
The problem is that we allow non-profits to act like normal profit seeking corporations. The regulations for non-profits should stipulate that beyond a reasonable amount of reserves excess funds should go towards the stated mission of the organization, OR lose their non-profit status. This level of hoarding resources while keeping their tuition at levels that only the rich can afford isn't the behavior of a non-profit organization that has a mission of offering higher education to the best students they can.
@pengu1064
11 ай бұрын
As a first year business student this is one of the funniest and most informative way to ingest business information that will ever exist
@Jimothy-723
8 ай бұрын
from a year 3 student, good luck as the HR courses slowly destroy your soul.
@angryman132
4 ай бұрын
Do cocaine
@_ikako_
11 ай бұрын
can't wait for hasan to watch this, not even blink at most of the jokes and gags and see his chat filled with kekWs and LuLs
@justindekock7211
5 ай бұрын
Financial Aid Administrator at a large university here - it's important to note that Berea College is a work college, which is a sector of the Federal Work-Study program. So while they do not charge their students any tuition, each student is required to work a job on campus to pay for their education
@willlenk862
2 ай бұрын
Great point! Why don’t you recommend to the board at your large university that every student have the option to free tuition covered by the massive endowment so long as they work a job on campus for it! I’m sure they will be thrilled and accommodating to the suggestion
@justindekock7211
2 ай бұрын
@@willlenk862 LOL not sure how much sway my words have as a lowly financial aid office worker but I completely agree with your point!
@thefullaj
11 ай бұрын
Yale is the largest private land owner in New Hampshire under a shell company, that funds their endowment through logging operations…
@Unknown-ig9yj
11 ай бұрын
Plz do a video on what CPAs actually do
@Yavorh55
11 ай бұрын
Really nailing the Balenciaga head tilt/eye squint during the interview segments. Good work!
@letsgoOs1002
11 ай бұрын
Now do the university of Texas which has the largest endowment. That school should be free for anyone in texas
@littlekirby6
11 ай бұрын
Agreed, that's one of the reasons why I didn't consider going to UT. My family didn't make a lot of money, and because of that, private universities ended up being a better deal. If I remember right, UT would have cost like $10k per year, but the financial aid offered from other private universities I got into knocked their tuition down to like $5k to $6k
@ze_ep
11 ай бұрын
This topic is fascinating, and basically still mysterious. Like Brown's fund gets 50% annual return and when people ask htf they do that, they answer is "oh well we are very smart and just invested in things that have higher returns" .... WHAT???
@kylemisnothere
11 ай бұрын
Wow, incredible work Dan! Very proud of you and what you're doing and you are NOT a disappointment compared to your physician brother AT ALL.
@Scie
11 ай бұрын
Hey look it’s a fun comedy video to distract me from my college apps due Wednesday. Sure hope this doesn’t make me feel bad about my choices
@lowwastehighmelanin
11 ай бұрын
Here's an idea: ban pointless, non-major colleges and bring back vocational training. Smaller fees, easier use of endowments and those programs have better long term financial outcomes for grads. We could literally reseed the middle class with all the money sitting around being hoarded.
@Uruz2012
Ай бұрын
Yup, business has spent decades coasting on the rather well trained boomer working class. They're getting ready for retirement and millenials were pushed to take programming coarse. Who is gonna fix all the stuff the boomers built?
@frzieb
11 ай бұрын
I thought nonprofits were supposed to benefit society. Mine put me into loads of debt.
@TihetrisWeathersby
11 ай бұрын
A university doesn't need 10 billion dollars
@MustraOrdo
11 ай бұрын
Of course they do. A university is not a university without a big dj center now is it?
@TihetrisWeathersby
11 ай бұрын
@@MustraOrdowonder where that money is going to
@Spo8
11 ай бұрын
These videos should be enough for you to walk onto the writing staff of any of the major comedy news shows, but selfishly I hope you keep doing these.
@matthewholt6168
10 ай бұрын
Is Good Work hiring? Actual accountant and academic here - hell I'd even I'd donate some services. Fun, business-oriented, truly informative - Good Work is an actual force for good.
@victorzaborowski
5 ай бұрын
Great job on keeping the video engaging
@sonicchitch1662
11 ай бұрын
Among these top-tier institutions, students from the top 1% in income distribution make up a larger share of enrollment than all of the bottom 50% combined. These endowments aren’t necessarily going towards bringing in more kids from modest means.
@samgeddes-smith2310
8 ай бұрын
Also a reminder that the number of administrators in these institutions has exploded over the recent years. You have to ask 'to what end?'
@Shadownight716
11 ай бұрын
You should drink your coffee from the most outrageous cups during your interviews with the serious people
@Dee010s
11 ай бұрын
They are officially schlepping DD this year so they cant.
@PhilipBlank
11 ай бұрын
Trying to not laugh watching this at my work desk while on lunch is no easy task.
@FullLengthInterstates
8 күн бұрын
endowment funds, sovereign wealth funds and personal savings/ trust funds all have the same presumption that the beneficiary deserves to be funded indefinitely. In contrast, the public market would not reward a company that hoarded so much money, because it would just effectively be a less efficient way for the investor to acquire the assets in the endowment fund. Companies are meant to downsize gracefully as they lose their ability to grow and evolve. Campuses are huge institutions that we can't imagine them ever fading into irrelevance, plus the demand for higher education has always increased.
@andrewchapman1494
11 ай бұрын
The giant cup of dunkin is my favorite recurring character in these videos
@americantimemachine7128
6 ай бұрын
Harvard could use their endowment to pay for all of students' tuition over around a 50-year period. Will they do it? noooooooooooo
@philiplawler4236
11 ай бұрын
It’s almost like college is a business and wealthy peoples greatest scarcity is social credit and prestige.
@yhavin
11 ай бұрын
We have now fully investigated college endowment funds. What would you like to see GoodWork_ investigate next?
@ElSagardangas
11 ай бұрын
It's crazy to hear about these mega wealthy, ever expanding economical monster universities from the US. I'm from Argentina and the public university system is HUGE and pumps out professionals like they're M&Msand it's pretty much free. Besides having to pay for the materials to use in class (notebooks, fotocopys and the like) you can freely enter any career choice and try it out. I'm 25 and have tried 4 university careers until i found out the one i enjoy. I find it crazy that in the US you choose ONCE and you're stuck with that shit for life.
@jdcsiahaan
11 ай бұрын
here in Indonesia most of the top universities are public universities, with these prestigious public universities having pumped out well-known professionals and public figures, including ministers and presidents. some of the state universities have now no longer been fully subsidized by the government so they have to find some creative ways to get money. this is usually achieved through a separate path for students to be accepted into the uni apart from the usual nation-wide tests (called "jalur mandiri"), international study programs (where students would be facilitated to study abroad in their last year), as well as grants and donations from the alumni and businesspeople. tuition fees have somewhat increased (not skyrocket though), but since public universities in Indonesia have long been based on the principles of "kerakyatan" (idk how to translate it but it's kinda like a sense of service to the people), even a small increase of tuition fee continues to receive pushback from student organizations and the general public, so I don't see any sharp increase possible anytime soon
@ElSagardangas
11 ай бұрын
@@jdcsiahaan Yeah, it's kinda the same in Argentina. Any sort of front against public education, being increasing tuition fees or closing up certain branches of the schools or modifying curriculums creates huge upheavels form the student body and what we call "centro de estudiante" which is essentially a political system in publich universities where we elect a gruop of students (normally associated to a larger, national party) to be our voices for the school year. It's really hard in Argentina for any type of privatization effort or substantial change in the way the public system works. I'm all for it btw, not complaining at all, i love my country and it's university system.
@TheAliSareini
11 ай бұрын
Everything is ran like a business and going to school is viewed as an “investment”, it’s really a bet. Spend X amount to make Z amount. Nowadays those two variables just don’t make sense but we still feel pressure from older generations that went to better colleges that weren’t so greedy. The systems changed but expectations stay the same. I have a better savings and less debt than the people around me that stayed in school because I found a career path that didn’t require a degree and paid just the same (becoming more and more real every day)
@jdcsiahaan
11 ай бұрын
@@ElSagardangas oh wow our situation is strikingly similar. here in Indonesia, we have what's called the BEM - "badan eksekutif mahasiswa" (student executive body). BEMs exist on a national level (e.g. BEM SI - "All-Indonesia BEM"), university level (e.g. BEM UI - "University of Indonesi BEM", and faculty level (e.g. BEM FISIP UI - "UI Faculty of Social and Political Sciences BEM") much of what i call "campus politicians" are also connected to a political party through association with an extra-campus organization, such as, but not limited to, the GMNI - Gerakan Mahasiswa Nasional Indonesia (Indonesian National Students Association), long associated with the nationalist party PDI-P, and the KAMMI - Kesatuan Aksi Mahasiswa Muslim Indonesia (Action Union of Indonesian Muslim Students), long associated with the Islamist party PKS of course these BEM folks do protests on national policies and legislations, the usual, but they also often do protests on campus policies, especially regarding tuition fees
@2hotflavored666
10 ай бұрын
@@ElSagardangas Except Argentina is complete shithole that is about to become a failed state. Nothing to be proud of lmfao.
@f-empire-8
8 ай бұрын
Is it possible people are hiding their money there?
@tyteen4a03
11 ай бұрын
But sharing is communism and we can't have none of that shit✨
@IntelSedrino
11 ай бұрын
How did he make it through without making a joke about the size of their "endowments"
@tylerpeterson4726
11 ай бұрын
Uhh 2:50
@MrBritishwookie
11 ай бұрын
The enjoyment I get from this videos is 90% whatever the point of the video is and 10% watching people in the background.
@AmandaabnamA
7 ай бұрын
My "elite liberal arts college" bragged about their huge endowment, but never explained why we should care and ignored student protests to divest in oil
@Uruz2012
Ай бұрын
Sat through a speech by the Chancellor of Housing at a state university. He was bragging about how much money they spent on a new building so far. Meanwhile, they refused to provide the janitors, the crowd he was talking to, with glass cleaner or floor cleaning chemicals. Just use hot water. I'm sorry but that isn't cleaning, that's rinsing.
@yeert6931
5 ай бұрын
Yall see the drink start floating at 1:34 or am I tripping?
@marvello15
11 ай бұрын
This is what the Daily Show used to be. Great job.
@josephhoffman277
10 ай бұрын
I have to take one exception with our WSJ reporter here. At 14:30 when she is talking about private equity financiers on college boards she states, “it’s not illegal, it’s not wrong for them to do it”. I would contend those are two different things. It may not be illegal, but it absolutely is wrong, and it should be illegal.
@PokhrajRoy.
11 ай бұрын
So excited to see the new video! I think we call it ‘donation’ in India. It can sometimes start from school.
@divinediva6320
6 ай бұрын
University of Penn has 39 billion dollars in an Endowment Fund!!!!
@lifedisassembler
11 ай бұрын
Next video: Shibuya
@kevinstobbs9134
11 ай бұрын
First time I've ever been early enough for potato quality only.
@MotoMoto-ld9gi
4 күн бұрын
Asking the real questions Fr 🔥🔥🔥 in Seattle our college owns the second tallest skyscraper in the city 😂
@SebastianTheGreat
11 ай бұрын
This is the hard-hitting journalizin’ that we desperately need right now
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