Push to Close Legal Loophole Amid Cornell Scandal
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Cornell University's endowment tops $10 billion.
Cornell reported a $10.07B endowment in 2023, making it one of the wealthiest U.S. universities. Critics often cite such financial power as a reason survivors face an uphill battle seeking accountability.
Donor-advised funds hold over $250B in assets across the U.S.
The legal loophole at the center of the Cornell scandal involves donor-advised funds — charitable accounts critics say can shield wealth from scrutiny. DAF assets have grown 400% since 2010, fueling reform pressure.