Ivy League bailout: Colleges with billions get more millions

  • Ivy League schools are receiving millions in taxpayer bailout dollars.
  • The same eight schools have endowments worth billions.
  • UPDATE: Harvard, Princeton, and Yale now say they will not take the money from the CARES Act.

UPDATE: After the publication of this article, Harvard University, Yale University, and Princeton University all announced they will not take the money from the CARES Act.


Original story below...

Colleges and universities around the country are receiving billions in federal bailout money, and Ivy League institutions with billions of dollars in endowments are no exception. 

Based on data obtained from the Department of Education, Campus Reform identified just how much each of the eight Ivy League institutions are receiving as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The act includes the Higher Education Emergency Relief Fund, which totals more than $14 billion in funding for colleges, half of which must go directly to individual students in need. 

[RELATED: These 10 colleges are receiving the most federal bailout money]

Cornell University- $12.8 million

Cornell University, with an endowment worth at least $7.3 billion, is receiving $12.8 million in federal taxpayer funding. 

Columbia University- $12.8 million 

Columbia University will receive $12.8 million in bailout money, despite its $10.9 billion endowment.

University of Pennsylvania- $9.9 million

The University of Pennsylvania's endowment stood at $14.7 billion as of June 2019. It will receive $9.9 million. 

Image source:  YouTube/University of Pennsylvania 

Harvard University- $8.6 million

The largest among the Ivy League schools, Harvard University's endowment was a whopping $40.9 billion as of June 2019. 

Yale University-  $6.8 million 

The second-largest among the Ivy League institutions, Yale University's endowment was $30.3 billion in 2019

Brown University- $4.8 million

Brown University's endowment stood at $4.2 billion in September 2019. It was among the smallest of the Ivy Leagues schools. 

Image source: YouTube/Kenneth Burchfiel   

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Dartmouth College- $3.4 million

Dartmouth College's endowment was $5.7 billion in September 2019, up 7.5 percent in just one year. 

Princeton University- $2.4 million 

Princeton University will receive the least in bailout funds among the Ivy League schools. However, its endowment is the third largest among the elite schools, standing at $26.1 billion in 2019.

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Jon Street | Managing Editor

Jon Street is a news editor for Campus Reform. Six years ago, Jon cut his reporting teeth fresh out of college as an intern at Media Research Center's CNSNews.com, where he interviewed multiple members of Congress and former presidential candidates. From there, he went on to complete a stint at Watchdog.org, where his exclusive, investigative work was picked up or cited by the New York Times, Washington Post, Fox News, National Review, and the Drudge Report, among others. More recently, Jon spent three years as an assistant editor at TheBlaze.com. In his free time, Jon enjoys trying new coffeehouses around the Washington, D.C. metropolitan area and traveling back to his home state of Missouri to spend time with his family.

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