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Vance Called Harvard Endowment “Cancer on American Society”
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Vance Called Harvard Endowment “Cancer on American Society”

Plus, Republican convention speakers denounce “corporate vultures,” “warmongers”

Ira Stoll's avatar
Ira Stoll
Jul 16, 2024
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The Editors
Vance Called Harvard Endowment “Cancer on American Society”
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Harvard University

The Harvard endowment is a cancer on American society and should be taxed away,  the Republican Party’s new vice presidential nominee, J.D. Vance, said in a 2021 interview.

In a 2021 interview with Tucker Carlson on Fox News, Vance, then a Senate candidate in Ohio, said, “The basic way this works is that the Ford Foundation, the Gates Foundation, the Harvard University endowment, these are fundamentally cancers on American society, but they pretend to be charities, and so they benefit from preferential tax treatment.”

“So AOC talks about taxing the wealthy, but the Harvard University endowment pays zero tax,” Vance said.

“These foundations are the ultimate institutions of identity politics,” Vance said. “We are actively subsidizing the people who are destroying this country, and they call it a charity. It’s just ridiculous.” 

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