UT-Austin came in second.
Stacker released a list of the richest schools in America with Harvard coming out on top. This is not a shock, but it did shock me that its 2018 endowment of $38.3 billion made it wealthier than 109 countries in the world.
UT-Austin came in second. From Campus Reform:
University endowments operate in a fashion similar to tax-exempt hedge funds, reported Stacker. Private institutions often use nonprofit status to avoid tax, but a provision of the 2017 Tax Cuts and…
