4 ms·
Who else googles the size of the endowment of these universities every time you see a story like this?
by marman1980 2y ago
Who else googles the size of the endowment of these universities every time you see a story like this?
- deleted 2y ago[deleted]
- pmags 2y agoUniversities 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 university endowments. Shortfalls of hundreds of millions of dollars a year will run down even large endowments to near zero in 10-15 years.