HIGHER EDUCATION BUBBLE UPDATE: Duke Launches $3.25 Billion Fundraising Campaign. “The campaign, called Duke Forward: Partnering for the Future, already has taken in about $1.325 billion during its planning, or silent, phase over the last two years.”

Be careful, Duke. There are already calls to spread the endowment wealth around.

UPDATE: Reader Jason Hudson writes:

If Harvard has a $30B endowment, why isn’t it ‘taxed’ to support the Mountain Empire Community Colleges of the world? This should be a Democratic position.

I think everybody does better if you just spread the nonprofit wealth around. #Reynolds2016.