There’s a lot more nuance to what’s going on there than the joke you’re making. I worked at Harvard for 10 years - 5 for a grant funded org, 5 for a discretionary funded org. A vast majority of the endowment (rightly or wrongly) is non discretionary /1
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So to say that Harvard is profiting off the chaos of COVID-19 rings pretty hollow. Also, FWIW thanks to the 2017 tax “reform” Harvard does pay tax on its endowment, which seems more than appropriate. Anyway, plenty of reasons to find fault with Harvard but not over this 4/
I understand that this isn't necessarily visible or obvious to anyone who would make this argument, but the typical American has zero sympathy for the very thin strip of fat Harvard would have to trim over $9M because <$1,000 has significant personal meaning to them.
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"That $40B is non-discretionary" will be met by people with more than two neurons to rub together who say "great, go talk to your donors."
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I don’t disagree that’s the right course of action, but a) part of every donor negotiation involves trying to make it a discretionary gift, not advised gift and the donor had a specific thing they wanted funded (so H didn’t just spend freely) b) a large percent of donors are dead
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