University of Chicago endowment reaches all-time high of $7.58 billion. When Will Elizabeth Warren Ask For Wealthy Private Universities To Pay Their Fair Share By Closing That Big Loophole?

The Chicago Maroon reports:

The University of Chicago’s endowment is at an all-time high of $7.58 billion as of June 30, 2015, according to a press release from the University News Office last week.

The portfolio’s return for the fiscal year, which ended on June 30, was 4.8 percent. This exceeded the 3.1 percent previously used as the portfolio’s benchmark return.

During the financial crisis of 2008 and 2009, the University of Chicago’s endowments decreased in value by approximately 21.5 percent. Since then, average investment returns of 11.4 percent have contributed over $4 billion to the endowment.

In the past two decades, the University of Chicago’s endowment has grown more than sixfold, increasing from $1.1 billion to its current $7.58 billion.

That's right , the wealthy workers at University of Chicago are doing so well they "contribute" money to a candidate that wants "other " people to pay higher and higher taxes: while their institution pays none! If your workplace didn't pay taxes you might get paid so well , you'd wind up on the Barack Obama top 20 list of donors. Where is Elizabeth Warren and Bernie Sanders when you need them? Wouldn't it be nice if University of Chicago would help Illinois with their budget problems by paying taxes?