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The returns from the endowment are used to support university programs. The endowment itself is not spent - it's a long-term investment which produces dividends

The returns from the endowment are used to support university programs. The endowment itself is not spent - it's a long-term investment which produces dividends, not a spending fund.

pclmulqdq 2y ago
Universities will dip into endowment funds if the returns are worse than expected. They will pretty much never make plans to dip into endowment funds, though.
giantg2 2y ago
Yeah, $500M (a 5% return) is still a lot of money.