5 ms·
I wouldn’t be surprised if much of the endowment is not legally available to them. At least when I was heavily involved in the finances of a school with a much
by addicted 1y ago
I wouldn’t be surprised if much of the endowment is not legally available to them.
At least when I was heavily involved in the finances of a school with a much smaller endowment, less than 5% of it was general funds. The rest had tremendous restrictions on how it could be used.