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I think savings like this are typically used as an endowment? they can hold on to it and operate off of the interest (would love if someone can confirm/deny thi
by micromacrofoot 3y ago
I think savings like this are typically used as an endowment? they can hold on to it and operate off of the interest (would love if someone can confirm/deny this).
- JoeAltmaier 3y agoIf by 'operate' you mean 'pay executives and lawyers exorbitant retainers' then I suppose you are right.
- ghaff 3y agoThat's what I would assume. Also, while significant, $1.6B wouldn't put it especially near any of the top US university endowments.