Glenn Beck: Big University


Glenn Beck is seen here on the Insider Webcam, an exclusive feature available only to Glenn Beck Insiders. Learn more...

GLENN: Stu, I want you -- Stu is in there right now working on something I told him about, what, about 20 minutes ago.  I asked you about the endowment fund at Harvard and Yale.  And I said, put a billion dollars in there and see what it is in 10 years.  At 23% --

STU:  They didn't really lock in at 23%, right?

GLENN:  I think it's Yale has been at 19 and Harvard has been at 23%.  I mean, it's incredible.  It's absolutely incredible.  I mean, just do 15%.  Just do 15%.  You've done a cursory surgery on these endowments.  Harvard doesn't have a billion dollars.  Harvard has 35 or 37?

STU:  35.

GLENN:  $35 billion.

STU:  They are going to own the Earth.

GLENN:  Yeah.  You remember I told you the story -- here we are in Rockefeller Plaza.  Remember I told the story about how when John, Sr. died, Rockefeller died, they went to John, Jr. and said, do you have any concept of how much money this is?  And he said, well, yeah.  And he said the number.  And they said, we want to show you the projected compound interest.  We want to show you what this money does.  And they showed it to him and they said, by the time your children are your age, this wealth will crush you; you must start giving away this money.  And that's why there's the Rockefeller funds everywhere because they had to give the money away.  Because it was, at the time, the size of a small country.  And now it would be the size of a large country.

$37 billion.  You ask me why tuition is so high.  You ask me why these liberal universities, "Oh, they are not paying their fair share."  These liberal universities have endowments, Harvard, $35 billion in endowment.  They are getting return on that investment of 23%.  Figure that out, Stu.  23%, 10 years, $35 billion.  How much is it?

STU:  I mean, these numbers are ridiculous.  $276 billion.

GLENN:  Do it for 20 years.  You have $35 billion, you get 23% return on investment, which is what they've been getting.  How much is it in 20 years?

STU:  $2.2 trillion.

GLENN:  $2.2 trillion.

STU:  These are like fake numbers, that you just make them up.

GLENN:  In 20 years Harvard -- that's with no additional revenue being raised by these people.

STU:  And also none taken out.  But still how is -- like how can anyone be giving any money to send anyone to these schools?  They should be happy.

GLENN:  How much -- find out what Harvard -- Harvard tuition, everything, all expenses paid I think is $51,000 a year.  They have $35 billion.  Find out if they're -- how much is it per year if they're getting 23%?  How much are they making without touching the principle?  Do one year, let's do 23% of $35 billion.  How much is just their interest?

STU:  That would be $34 billion one year.

GLENN:  20% or whatever.

STU:  This is not coming out correct.  Hold on a second.  I have to recalculate here, Glenn.

GLENN:  Recalculating.  He's making those little index cards.  We have to feed them into our supercomputer, the one that sounds like, (making computer noises).

STU:  It would go up to another $8 billion-ish.

GLENN:  Take a billion dollars at $50,000 a year.  How many students can you send to Harvard for $1 billion out of the $8 billion in interest?

STU:  Starting to get me confused.  Billion divided by $50,000?  20,000.

GLENN:  You can signed 20,000 kids to school.

STU:  For 1/8 of your interest growth a year.  And that's Harvard.

GLENN:  I make the case that Harvard isn't paying their fair share.

STU:  You know what, they can have an endowment the size -- I don't care how big their endowment is.  But stop asking us for money.

GLENN:  Stop telling me that I haven't paid my fair share.  Stop telling me that I, because I'm greedy, I'm not sharing my wealth enough to send people to school, when 1/8 of your interest, of your endowment, 1/8th of your yearly interest could send 20,000 kids to school.

STU:  And that's at your ridiculous rate of $50,000 a year.  How much does it actually cost?

GLENN:  No, Harvard is about $50,000 a year.  That's everything.

STU:  No, what I'm saying is that's what they're charging people.

GLENN:  I'm guessing that Harvard would get the family discount.  How many students go to Harvard right now?  Don't you love the computer?  I only make him do this because he's like, what?  How many students are enrolled in Harvard?

STU:  Hold on one second.  I'm clicking, I'm clicking, I'm clicking.  Enrollment, enrollment.

GLENN:  (Making computer noises.)

STU:  Undergraduate, 6,715.

GLENN:  6,000 undergraduates.  So they could do everybody plus two more thousand.  That's unbelievable.

STU:  For an 1/8.

GLENN:  Unbelievable.  Incredible.  You want to talk about -- you don't talk to me -- Barack Obama, Michelle Obama, don't talk to me about how you couldn't afford your Harvard education.  Harvard.  You want to send more people to school?  You got the money to do it.  Don't talk to me about how big oil makes 8% in profit every year.  8% profit every year, when you've got $35 billion sitting there in an endowment from Harvard.  They could make -- conservatively make $8 billion a year in interest, for nothing doing nothing, for creating nothing.  This is called the rich get richer.  I know they teach it at Harvard but they might want to look inward.  They might want to -- when they're teaching how the rich get richer, how the powerful just keep their power.  When they want to talk about the insidiousness of people just screwing people to the wall, these big organizations that just gouge your eyes out for something that is essential, like oil or education, and they gouge your eyes out and make it only available for the elite.  Meanwhile they're just racking up the money.

It should come as no surprise that a newsworthy story receives more media coverage when released on a Monday than a Friday. The reason is in part due to a large number of news-consuming Americans checking out for the week to focus on their weekend plans rather than the news.

On Monday's radio program, Glenn Beck shared information that President Joe Biden decided to release on Friday — when fewer people would notice — regarding the Climate Finance report. This report is marketed to Americans as "A Roadmap To Build a Climate-Resilient Economy." But Glenn believes the report to be Biden's Great Reset warning shot to banks.

In this clip, Glenn warned that if Americans don't stand together, in eight years we all indeed will own nothing. Watch the clip for the full story. Can't watch? Download the podcast here.



Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

On today's radio program, Glenn Beck was joined by Bill O'Reilly to discuss the top stories of the week.

For O'Reilly, the biggest story this week centered around someone mysteriously missing from mainstream media news reports today: Mark Zuckerberg. Specifically, O'Reilly said it's the 'scandalous' way the Facebook CEO spent nearly $420 million to influence the 2020 election — and did so successfully.

Watch the clip to hear the full conversation. Can't watch? Download the podcast here.

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

On Thursday's radio program, Grace Smith and her father, Andy, joined Glenn Beck on the phone and provided a first-hand account of Grace's refusal to wear a mask at school.

Smith, 16, began a maskless protest after her school district in Laramie, Wyoming, decided to implement a mask mandate. As a result, Grace received three suspensions, was issued two $500-citations, and was eventually arrested.

"How long were you in jail?" Glenn asked.

Grace said was taken to jail but was never booked nor was she was placed in a jail cell.

Glenn commended Grace's father, Andy, for raising such a "great citizen" and asked if it was Grace's idea to protest. Andy said it was Grace's idea, explaining that they took the position of arguing on the grounds of civil rights rather than the efficacy of wearing a mask.

Grace has since withdrawn from public school and started a home school program. She also told Glenn that she will continue to fight the school district, legally.

You can donate to Grace's legal fund here.

To hear more from this conversation click here.

Disclaimer: The content of this clip does not provide medical advice. Please seek the advice of local health officials for any COVID-19 and/or COVID vaccine related questions & concerns.

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

It seems the Left wants a civil war and some on the Right want a national divorce. The country is split right now unlike anything Glenn Beck has ever witnessed. There are two sides: Those who want to fundamentally change this country and those who believe in KEEPING the experiment of liberty that the Founding Founders intended.

The ideological gap seems impossible to cross, but Glenn explains why he won't secede. David Reaboi, Claremont Institute senior fellow and author of "National Divorce Is Expensive, but It's Worth Every Penny," tells Glenn why a national breakup is not an impossibility just because it will be difficult.

What can we do to fight back … peacefully? How can the states that still believe in the Constitution create pockets of freedom in the shadow of tyranny? On his Wednesday night special this week, Glenn answers that and provides a road map to preserving what the Left is trying to destroy.

Finally, James Simpson, author of "Who Was Karl Marx? The Men, the Motives and the Menace Behind Today's Rampaging American Left," provides solutions on the issues the "red states" must unite around before Left and Right America officially call it quits.

Watch the full episode of "Glenn TV" below:

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.