Currently (April 2016) it stands at over $37 billion
No need to visit Beacon Hill, or City Hall to defend a $37 billion endowment. Harvard University controls those two governments. In 2001 my bill in the MA legislature removed tax exemptions from non profits with more than $500,000 in funds. At the hearing Committee Chairman State Senator Marian Walsh was concerned about the Catholic Church. That was before the child abuse scandal was revealed.
Faust Defends Tax-Exempt Endowment In D.C.
By ANDREW M. DUEHREN ,
April 22, 2016