4 ms·
Endowments can't be spent.
by diebeforei485 4y ago
Endowments can't be spent.
- smnrchrds 4y agoIndeed. But the size of endowment, much like market capitalization of a company or GDP of a country, is a very useful metric to judge fiscal capacity.
- justaj 4y agoIsn't this dependent on the the specific endowment policy though?
- smnrchrds 4y agoUC Berkeley's annual budget is 3 billion dollars. I still think they can afford this. https://cfo.berkeley.edu/budget-101 https://cfo.berkeley.edu/budget-101