“The Vatican has an annual operating budget of under $300 million, while Harvard University, arguably the Vatican of elite secular opinion, has a budget of $3.7 billion, meaning it’s ten times greater. The Vatican’s ‘patrimony,’ what other institutions would call an endowment, is around $1 billion. In this case, Harvard’s ahead by a robust factor of thirty, with an endowment of $30.7 billion.”
YOU MIGHT ALSO LIKE
A Catholic Approach to Immigration
In the USCCB’s recent Special Pastoral Message, the bishops of the United States highlight the suffering inflicted…
The Classroom Heals the Wounds of Generations
“Hope,” wrote the German-American polymath Eugen Rosenstock-Huessy, “is the deity of youth.” Wholly dependent on adults, children…
Still Life, Still Sacred
Renaissance painters would use life-sized wooden dolls called manichini to study how drapery folds on the human…
