Reply to What Are Endowments For?

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[quote=Anonymous]A lot of times the donated funds have specific contracted/obligated purposes. For example, my wealthy aunt donated a large sum to her alma mater, Brown, that can only be used to fund Alzheimer's research in their Center for Alzheimer's Disease.

My partner's stepmom just passed and her donation to UC Berkley was to the graduate Research Chemistry program, where she received her PhD and taught for several years.

Even though the endowments are large as a whole, the funds are disproportionally aligned throughout the university. Think of it like sports. Popular sports get lots of donations. Lesser popular sports get fewer donations and rely on grants to make up the difference. Same with academia. Popular departments and programs get higher donations and the lesser known get fewer and rely on grants and fellowships.

Is someone studying the penetrating power of microplastics on mice as important as someone studying the association of state minimum wage policy and community violence? That depends on your personal views. But one program definitely receives more donations than the other.  [/quote]

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