3 ms·

Yeah but money is fungible.

• jncfhnb 1y ago
  It actually isn’t. Grants, as well as much of endowment funds are restricted. They legally must be accounted for separately and can only be used as specified. If you have a billion dollars in restricted endowment or grants towards scholarships and resources, you cannot use them to keep the lights on. Research projects require grant funding because the schools do not have a business model to justify doing the research.