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My college did the same. Tore down the old library and built a new one that put all the books behind robo shelves. Built a new gym, several new dorms, a "studen
by JudgeWapner 7y ago
My college did the same. Tore down the old library and built a new one that put all the books behind robo shelves. Built a new gym, several new dorms, a "student center", basically anything other than contributions to education. It's like they had a surplus of cash and had to find a way to spend it.
- bluedevil2k 7y agoThey have to spend a certain % of endowment funds every year (4% maybe) in order to maintain tax-free status.
- yardie 7y agoUh, why not simply give it to the students?