Open the Books, a non-profit organization committed to increasing government transparency by releasing documents on government spending, has released information that shows Ivy League Schools received $41 Billion between 2010 and 2015.
A concerning part to many is that the eight schools in question receive large endowments in which they pay no tax on investment gains.
Various spokespeople for Ivy League schools defended the funding.
“Since 2000, over 50 startups based on Yale inventions and located in New Haven have attracted over $5 billion in investment to New Haven and surrounding towns,” Yale spokesperson Tom Conroy said, adding, “Alexion, which employs 1,200 people in New Haven, is a prime example of Yale’s impact.”
The President of the Foundation for Economic Education, Lawrence Reed, shared the report via his Facebook page and posed the question “I wonder how that might have affected their ideological diversity?”