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Related, Brown's current endowment is appx $3B.
by creaghpatr 9y ago
Related, Brown's current endowment is appx $3B.
- goialoq 9y agoBrown is a University, so that endowment funds research as well as tuition support.
- ApostleMatthew 9y agoAnd even beyond that, comments that bring up endowments usually come from a misunderstanding of what an endowment is. Its not like Brown has a bank account with $3B in it which they can access whenever and however they'd like. Endowments pay out a certain amount of money each year (I think its around 4% each year for most universities), and usually have strict stipulations on how its spent.