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SpunkyBananaSpunk t1_iv4znmx wrote

Reply to comment by Killingagency in [OC] Forbes 2022's Most Philanthropic US Billionaires by row64software

Universities that do research are all not-for-profit. and universities generally don't make much money from research. There really isn't that much profit in basic research which is why it is important to have it publicly funded.

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Killingagency t1_iv50b0u wrote

Well yes and no.

State funded (public) universities are officially not-for-profit. However they are no charity and behave themselves as a for profit organization. They maximise their amount of students, maximise their quality and minimise costs, they are at risk of going bancrupt and have many deals and ties with businesess. Their quality of research indirectly attracts students and with that money.

Besides the world surrounding research is definitly for-profit mostly, journals and publishers play the key role and are generally for-profit. The only people not really earning well on their efforts are the researchers themselves.

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