Earning season is upon us, so I compared FedEx’s yearly income to Stanford’s “change in net assets” (They are a non-profit, so they only have to count how much more they are worth.)
In the most recent fiscal year, Stanford’s change in net assets was $3.5 Billion.
FedEx’s profit was $2.1 Billion.
Here are the links to their financial statements.
Stanford (Look on page 15.)
FedEx (Yearly results are given, too.)
Bill Gross – who should know – told the truth about what universities are for. Scroll down this page to read what he said.
See this post for my tongue-in-cheek suggestion for how Stanford could use its “profits”.
Click on “endowments” and you will find other posts about them.
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