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Linda McMahon: “Endowments at universities like Harvard can have a return of…”

Featuring: Linda McMahon, Republican | Secretary of the U.S. Department of Education | National

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Linda McMahon Discusses Trump Administration's Federal Contract Cancellation with Harvard University

Published | Video Starts at 02:27

And what are the things that Harvard and other universities are doing that we, that we have to call attention to? And when you look at these endowments, $53 billion Endowments at universities like Harvard can have a return of 5, 7, maybe sometimes 10%. on that endowment, that's billions of dollars. You know, that that's maybe as the president is looking to, to increase the endowment tax, that's something that the American public could wrap its head around. (02:27–02:34)

CLAIM

Asserts that university endowments can yield returns between 5% and 10%.

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