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Johns Hopkins has a $10.5 billion endowment. It shouldn’t be about the money.
by ungreased0675 2y ago
Johns Hopkins has a $10.5 billion endowment. It shouldn’t be about the money.
- vFunct 2y agoA $10.5 billion endowment is good for about $250 million in annual funding. That’s not a lot.
- pmags 2y agoThis is a dumb statement posted time and again on HN... Universities are legally obligated to spend endowment money according to the terms set by the funders (https://www.investopedia.com/terms/e/endowment.asp https://www.investopedia.com/terms/e/endowment.asp). Unrestricted endowment is typically a tiny percentage of most universities endowments. Shortfalls of $800M a year would run down even large endowments to near zero in 10-15 years.
- lightbendover 2y ago[dead]