It's the difference between a revenue stream and a sum of assets under management. The $50B isn't liquid and can't be used to distribute bonuses. The yearly $

It's the difference between a revenue stream and a sum of assets under management. The $50B isn't liquid and can't be used to distribute bonuses. The yearly $75,000 however can be distributed among admissions office admin with impunity, for the labor of accepting file uploads.