“Harvard is sitting on top of a $54 billion hedge fund they call an ‘endowment’ that they pay zero taxes on. Yale has $31 Billion. Stanford $29 Billion. Princeton $26 Billion.”
PolitiFact rated this: Half True
PolitiFact says: Kirk was in the ballpark about the size of these endowments, though his numbers might be slightly outdated. But calling such an endowment a "hedge fund" is a misnomer, and large endowments are now taxed.