Why are college endowments so massive?

The Good Work Investigative News Team is back to track the rise of massive endowments among higher education’s elite schools and ask the question no other fake comedy reporters would dare: why?

Melissa Korn is a higher education reporter for the Wall Street Journal. Brian Galle is an academic at Georgetown Law focusing on tax policy, nonprofits, and behavioral economics. Catherine Liu is a writer and professor of film and media studies at UC Irvine who often writes about the politics of class. Abbie Darst is the executive director of marketing and communications at Berea College.