@Cambridge_Uni Grad - Astrophysics | @join_EF alumni | a tired MedTech founder and entrepreneur | hoping to take a break and do PhD in applying 
to 
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Depends what you mean by corporation. They're certainly not for profit businesses with shareholders, etc. And they shouldn't be anything like that.
Kind of a technicality; they’re except charities. A weird legal quirk. Up until 1998 that might have been the case, but since then they’ve increasingly relied on private capital, endowment investments, students, etc. Plus investors classify uni’s as alternative investments.
I should note. I don’t support the privatisation of british higher education. But I think it’s worth recognising its been happening for a while now.
*exempt charities. But I’m always pro more VC and investor money in STEM.
Looks like less than 3% of Imperial's income is from endowments etc: https://www.imperial.ac.uk/finance/annual-report/financial-review/income/ … In any case, what is currently the case is not necessarily what should be the case.
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