The Ivy League is comprised of eight elite private colleges that control endowments with a combined value of over $140 billion as of 2019.
Five of the schools reported operational surpluses of over $200 million in their 2019 financial statements.
The eight elite schools are set to receive a combined $61.7 million in taxpayer-funded federal coronavirus stimulus funding.
The eight elite private colleges of the Ivy League are slated to receive millions in taxpayer-funded coronavirus stimulus money despite controlling endowments with a combined value in 2019 of over $140 billion.
Five Ivy League schools posted operational surpluses of over $200 million in 2019, according to their financial statements from that year. Secretary of Education Betsy DeVos said that schools with significant endowments should determine whether they really need federal assistance and to send any unneeded stimulus funding to schools that are actually in need.
The eight Ivy League schools are set to receive a combined $61.7 million in federal funding through the Coronavirus Aid, Relief and Economic Security (CARES) Act.
1. Ivy League payments and entitlements cost taxpayers $41.59 billion over a six-year period (FY2010-FY2015). This is equivalent to $120,000 in government monies, subsidies, & special tax treatment per undergraduate student, or $6.93 billion per year.