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I worked at a PacNN/Ivy type university with a gigabuck+ endowment. They always cried poverty during recessions and did arbitrary, across-the-board cuts to "tig
by errcorrectcode 5y ago
I worked at a PacNN/Ivy type university with a gigabuck+ endowment. They always cried poverty during recessions and did arbitrary, across-the-board cuts to "tighten the belt" when they were wasting absurds amounts of money elsewhere but cutting useful things and people arbitrarily too.
- supertrope 5y agoIn the Federal government this is nicknamed the Washington Monument effect. Cut the most popular services first when the budget is being negotiated. No organization is going to admit to bloat.
- perl4ever 5y agoYou can, and some organizations do, segregate administration from other activities, so that the former has secure funding that's independent of ordinary donors. Maybe not everybody can do this at all times, but over several years, with significant revenue coming in, it seems like a feasible and worthy goal.
- akolbe 5y agoHow many of these organizations achieved the financial growth the Wikimedia Foundation has achieved by crying poverty? NPR and PSB also cry poverty, but their budget is relatively stable. They take much the same money each year. The Wikimedia Foundation, on the other hand, has consistently doubled its revenue every two to five years – while crying poverty. https://en.wikipedia.org/wiki/Wikipedia:Fundraising_statistics https://en.wikipedia.org/wiki/Wikipedia:Fundraising_statisti...