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> There isn’t a group of pointy-haired trustees conspiring to waste as much money as possible for little benefit. How do you know? It seems like they’re “wasti
by colpabar 4y ago
> There isn’t a group of pointy-haired trustees conspiring to waste as much money as possible for little benefit.
How do you know? It seems like they’re “wasting” this money so they can point to the amount that they “had to spend” when it’s time to collect donations, similar to what wikimedia does. To them, the value all these jobs provide is inflating the operating expenses, which means they can ask for more tax-free money.
- amluto 4y agoThis makes no sense to me. If I were ran a university and wanted a good story to tell my donors, I would tell them that I want to spend $X million dollars on hiring professors, improving undergraduate education, offering financial aid, reducing tuition, building genuinely useful buildings, etc. I would also want to optimize the actual bottom line, not the tax-free donation revenue earned for the hell of it. There would be absolutely no need to spend money on useless things just to say I spent it.