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Non profit charities MUST spend 5% of their endowments on charitable projects. Some argue universities should do this too.
by peter303 10y ago
Non profit charities MUST spend 5% of their endowments on charitable projects. Some argue universities should do this too.
- cowsandmilk 10y agoMany endowments at least aim for this. Harvard's target every year is to spend 5-5.5%. Actual spending over the last decades has been 4.2%-6.1%.
- sidek 10y agoBuilding the future doesn't count as charitable?
- hueving 10y agoNo, because you could use that same vague statement to describe Google since they are building self driving cars.