[chrisk]

Hmmm… that article’s math seems wrong or some of the numbers are wrong or the explanation is wrong. 

Take MIT.   The endowment of $23,453,000,000 divided by the claimed $2,004,000 per student gives an enrollment of 11,703 versus the 12,829 in the article. (I would doubt that only 1,126 MIT students are excluded as non permanent residents)

But suppose it is 11,703. If MiT adds 29 qualifying students to that set, then the endowment slips below the $2M/student level, reducing the tax from 8% to “only”  4%

All of the enrollment numbers I have seen for Stanford are in the 17-18K range, not 20K.

---

The budget plan for 2025-26 that Stanford released last month shows Athletic Department expenses at about $211M.

The budgeted expenses for the AD in the current year are about $214M, about $3M higher.

https://budget.stanford.edu/budget-plans

[chrisk]

Hmmm… that article’s math seems wrong or some of the numbers are wrong or the explanation is wrong. 

Take MIT.   The endowment of $23,453,000,000 divided by the claimed $2,004,000 per student gives an enrollment of 11,703 versus the 12,829 in the article. (I would doubt that only 1,126 MIT students are excluded as non permanent residents)

But suppose it is 11,703. If MiT adds 29 qualifying students to that set, then the endowment slips below the $2M/student level, reducing the tax from 8% to “only”  4%

All of the enrollment numbers I have seen for Stanford are in the 17-18K range, not 20K.

---

The budget plan for 2025-26 that Stanford released last month shows Athletic Department expenses at about $211M.

The budgeted expenses for the AD in the current year are about $214M, about $3M higher.

https://budget.stanford.edu/budget-plans