Comment by paulpauper
6 days ago
80% of the endowment funds are heavily restricted as per donor requests and cannot be used unconditionally.
6 days ago
80% of the endowment funds are heavily restricted as per donor requests and cannot be used unconditionally.
Could you give us some of these restrictions? This seems like a BS excuse to not support the students.
If I give a school 20 million yearly to research a specific form of cancer, and I find out that they instead used that money to upgrade the plumbing in their dormitories and spent nothing on cancer research, I would not give them 20 million ever again.
Sure, due to funding cuts students will suffer with slowly degrading infrastructure and will need to do plumbing fixes at some point. But that doesn't mean people who give them money for one purpose are happy with it being used for another purpose.
You might even form a contract with the institution obligating them do certain things with your gift
This is absolutely par for the course for university endowments. They're not big pots of money, they're thousands of small pots of money with various restrictions on their investment, disbursement, etc.
Not asking for the breakdown, wondering what some of those restrictions look like and whether they support the students with those restrictions.
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