Friday, March 07, 2008
Yale has enough money already, thanks
Robert Frank at the WSJ's Wealth Report is pleased that Yale Says No to Rich Donors by refusing to sell the naming rights to its new residential colleges. For once, I agree with them. The projected cost of the new colleges is only $600 million. Yale's outsized endowment has likely generated that much tax-free income just since the first of the year.
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