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> At an industry standard 4% drawdown, they could provide $88,000 of “aid” to every student indefinitely. Just to confirm: Are you saying that all endowment pr
by CaliforniaKarl 2y ago
> At an industry standard 4% drawdown, they could provide $88,000 of “aid” to every student indefinitely.
Just to confirm: Are you saying that all endowment proceeds should go towards student aid? What would you suggest be done to restricted-purpose investments?
- koolba 2y agoMoney is fungible and that’s clearly more than enough to cover the cost of the service provided. It doesn’t have to be the sticker price.