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> They frequently lead to large capital investments that then have uncovered operational costs The problem is not the high amounts, but most donations can only
by melvinmelih 3y ago
> They frequently lead to large capital investments that then have uncovered operational costs
The problem is not the high amounts, but most donations can only be used for a specific purpose, so even though the endowments are high, the actual working capital will be a lot lower.
- bell-cot 3y agoPlausible. OTOH, a institution can Just Say No to somebody who insists that their donation be used for something which is un-needed. Or will be an ongoing maintenance money pit. Or that sounds plausible...but the complexity of the strings attached to the cash is not worth having to keep track of in perpetuity.