“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.”
What PolitiFact found
Kirk was in the ballpark about the size of these endowments, though his numbers might be slightly outdated.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.
Their words, from the summary they publish with the rating.
In short
Charlie Kirk (Founder and President of Turning Point USA) made this claim around 24 August 2022. PolitiFact (United States) looked into it and published its finding on 15 September 2022, 22 days later. Its rating was “Half True”.
Charlie Kirk has 15 checked claims in this archive. Fact-checking organisations rated 8 of them false or fake, 7 misleading or mixed and 0 true.
Where the claim appeared
Links recorded by PolitiFact. Some posts may have been deleted since.
This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.