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nxm
1y ago
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What should they be used for the ?
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bobthepanda
1y ago
Universities use the interest and dividends to pay for operating expenses.
Actually drawing down the fund would just ruin future finances.
johnnyanmac
1y ago
I believe most endowments have conditions. So whatever the donator say?
lamp_book
1y ago
Used? The university is what is used to grow the endowment.
y-curious
1y ago
So what's the point of the endowment then? To make the green numbers go up?
duskwuff
1y ago
To be invested and generate returns which can fund the university's programs. As I said in another comment, it's a long-term investment, not a spending fund. You don't eat your seed corn.
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