The Harvard Hedge Fund?

A blog post by Matthew Yglesias ’03 has sparked quite a lively debate about whether Harvard deserves its tax-exempt status...

A blog post by Matthew Yglesias ’03 has sparked quite a lively debate about whether Harvard deserves its tax-exempt status. This is all a response to a bill being debated in the Massachusetts legislature to tax college endowments exceeding $1 billion.

Yglesias, a blogger for TheAtlantic.com, starts by quoting another blogger's comparison of Harvard's endowment to "a $40 billion tax-free hedge fund with a very large marketing and PR arm called Harvard University." Comments from site visitors draw in a cornucopia of related issues: tuition, financial aid, admissions policies, the general role of elite universities in society.

You can even add your two cents if you scroll down to the bottom of the page.

Related topics

You might also like

A New Narrative of Civil Rights

Political philosopher Brandon Terry’s vision of racial progress

Bringing Korean Stories to Life

Composer Julia Riew writes the musicals she needed to see.

Being Undocumented in America

Karla Cornejo Villavicencio’s writing aims to challenge assumptions. 

Most popular

Shakespeare’s Greatest Rival

Without Christopher Marlowe, there might not have been a Bard.

How MAGA Went Mainstream at Harvard

Trump, TikTok, and the pandemic are reshaping Gen Z politics.

Harvard art historian Jennifer Roberts teaches the value of immersive attention

Teaching students the value of deceleration and immersive attention

Explore More From Current Issue

Two women in traditional kimonos, one lighting a cigarette, in a scene from Apart from You.

Harvard Film Archive Spotlights Japanese Director Mikio Naruse

A retrospective of the filmmaker’s works, from Floating Clouds to Flowing

Nineteenth-century prison ruins with brick guardhouse surrounded by forest.

This Connecticut Mine Was Once a Prison

The underground Old New-Gate Prison quickly became “a school for crime.”

Room filled with furniture made from tightly rolled newspaper sheets.

A Paper House in Massachusetts

The 1920s Rockport cottage reflects resourceful ingenuity.