FedEx Closing in on Stanford

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.