“I am not comfortable supporting the university until corrective action is taken,” Kraft, a billionaire who owns the New England Patriots, said.
  • UnderpantsWeevil@lemmy.world
    3·
    10 months ago

    Columbia has a $13.6B endowment, which has consistently grown at 8-10% annually.

    Kraft has historically donated in the $5M range annually. So, less than 1% of what the university earns on a portfolio whose principle never gets touched.