jeffw@lemmy.worldM to News@lemmy.world · 7 months agoRobert Kraft Says He’s Pulling Funding for Columbia Amid Pro-Palestine Protestswww.thedailybeast.comexternal-linkmessage-square52fedilinkarrow-up1175arrow-down115
arrow-up1160arrow-down1external-linkRobert Kraft Says He’s Pulling Funding for Columbia Amid Pro-Palestine Protestswww.thedailybeast.comjeffw@lemmy.worldM to News@lemmy.world · 7 months agomessage-square52fedilink
minus-squaremycathas9lives@lemmy.worldlinkfedilinkarrow-up10arrow-down1·7 months agoSo he will stop donating. Funding is not what he is doing. The school is funded without this schmuck.
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkarrow-up4arrow-down1·7 months agoColumbia has a $13.6B endowment, which has consistently grown at 8-10% annually. Kraft has historically donated in the $5M range annually. So, less than 1% of what the university earns on a portfolio whose principle never gets touched.
So he will stop donating. Funding is not what he is doing. The school is funded without this schmuck.
Columbia has a $13.6B endowment, which has consistently grown at 8-10% annually.
Kraft has historically donated in the $5M range annually. So, less than 1% of what the university earns on a portfolio whose principle never gets touched.