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Endowments are not slush funds. They're supposed to last forever and you can't just withdraw money whenever you feel like it. There are other savings to be made
by psychometry 9y ago
Endowments are not slush funds. They're supposed to last forever and you can't just withdraw money whenever you feel like it. There are other savings to be made in administrative overhead that could cover higher salaries without touching the endowments.
- rdtsc 9y ago> Endowments are not slush funds. I didn't say they are. > They're supposed to last forever and you can't just withdraw money whenever you feel like it. They are controlled by a board and no you can't just tie them to a corporate credit card and swipe it left and right. And some endowments are restricted based on the donors' requirements (a common one is "use this for one particular sport"). However using endowments to pay for tuition is also not unheard of. That's what fellowships or tuition endowments are. The bottom line a university with those kind of resources can find a way to pay students a bit more. They are not innocent victims attacked by the evil government which is how the issue has been presented in the media. This article explains things in more detail and is more balanced, that's why it kind of stood out.