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Not in the slightest. An academic endowment isn't meant to be spent; the university holds the principal of the endowment and spends from the returns.
by duskwuff 2y ago
Not in the slightest. An academic endowment isn't meant to be spent; the university holds the principal of the endowment and spends from the returns.
- admdly 2y agoIt does indeed look like they’re spending the returns, rather than just sitting on an ever increasing principal which I initially suspected.