3 ms·
It's completely impossible for an outsider to know that - you have no idea what constraints are placed on the gifts that make up the endowment - it's not one bi
by NovemberWhiskey 4y ago
It's completely impossible for an outsider to know that - you have no idea what constraints are placed on the gifts that make up the endowment - it's not one big fund you can draw down on as needed; it's like 14,000 different funds each of which may be allocated to a specific purpose (like a particular professorial chair or to a library or whatever).