3 ms·
Money is fungible, doesn't really matter what source the money comes from other than optics.
by Raidion 1y ago
Money is fungible, doesn't really matter what source the money comes from other than optics.
- deleted 1y ago[deleted]
- Kevin_S 1y agoThis isn't really fair I think. Academic money is actually not fungible - it can't be used to fund athletics, and vice versa. Just because both pots are relatively large doesn't mean that the money itself is fungible.
- WalterBright 1y agohttps://news.ycombinator.com/item?id=44328786 https://news.ycombinator.com/item?id=44328786 nailed it.
- vonneumannstan 1y agoMaybe but most endowments actually have "legally?" bound or otherwise contracted uses in universities. Thats why Harvard can't just tap it's endowment to fund research the current Admin has cut. So I'm doubting that endowments are being used in this way to pay coaches.
- 98codes 1y agoSure, but if an endowment is paying for, say, the football coaching staff, then that leaves that much more money free in the general fund to pay for other things. If the endowment is paying for something that otherwise wouldn't be paid for generally, that's a different story.