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The page you linked shows their revenue is $9.93B/year and is greater than their expenses. So clearly they're not spending down the principal.
by tdeck 2y ago
The page you linked shows their revenue is $9.93B/year and is greater than their expenses. So clearly they're not spending down the principal.
- blackhawkC17 2y agoThat’s because donors won’t let them drain all the principal in a few years. UPenn’s revenue includes “sales of assets” and “investment income,” i.e., taking some part of the endowment annually to fund their operations.