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tholdawa t1_izcmh70 wrote

Reply to comment by dang_he_groovin in What is the worst university in New Haven? by gr34tguy

*state law, not city law. I would point out that this is true for essentially all non-profit universities across the country. They are also, as non-profits, exempt from federal taxes.

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xxqwerty98xx t1_izcrvsb wrote

Yale is not comparable to other non-profit universities (aside from Harvard, Stanford, Princeton, MIT, etc). They have the second largest endowment in the country at over $42 billion…

For context, 20-30 minutes away at Quinnipiac (where president Lahey set a record for highest-paid college president ever), the endowment is under $1 billion.

Yale has too good of a deal with the city of New Haven, and owes more to the city’s residents.

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