[alexdevkar]

The author notes (a) ways Harvard could spend its money that might have more public benefit and (b) that other non-profits are more deserving of donations. Even if all true, that doesn't mean it should be stripped of its non-profit status. Perfect management to optimize public benefit isn't the standard for whether an organization gets non-profit status.

The more interesting argument is about what organizational traits our government should require in order to be blessed with special treatment.