For-Profit Medical Schools

[eLearner]

You say they're sitting on $40 billion. Then, who's profiting from that money? If it were a for-profit company, someone would be a billionaire with as much money Harvard has taken in. Does Harvard pay out dividends to shareholders?

I'm sure you're well aware that non-profits don't have shareholders, but faculty and professors are definitely profiting from the endowment. The average salary of a Harvard Professor was $226,394 per year in 2019:

https://www.businessinsider.com/the-aver...ors-2019-8

But it gets bigger.

"Former president Drew Gilpin Faust, who stepped down in July 2018, made in total compensation in 2018 $3,612,247 (up from $1,707,070 in 2017.)":

https://www.harvardmagazine.com/2020/07/...-employees

Other Harvard administrators are also pulling down very high salaries, and all of those funds come from the endowment, so between them and the professors and faculty, they're eating very very well.