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[–] Phuffu 0 points 2 points (+2|-0) ago 

Some yes, but I think most care more about reputation than even money, or by having a good reputation it will bring in more money. Many of these places have a history of producing great thinkers and want to continue to follow that tradition. You think the president of Harvard would sell out? Few things are as prestigious as operating one of the most respected institutes in America, even money couldn't compare.