Reply to What Are Endowments For?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This isn't a thread about whether what the government is doing with universities and colleges is good or bad. Can someone in the know explain to me why universities can't use their massive endowments for shortfalls in funds?

Why are universities presenting the options as either the government funds them to the same level as before (or higher) or they [i]must[/i] cut faculty, strip their state of the art facilities, and kill the quality and amount of scholarship?

Columbia has a $15 billion endowment, but it's screaming about the $170 million the government has frozen and has effectively turned over its campus to ICE in order to avoid losing any more. Harvard has a $50 billion endowment, but it has frozen hiring allegedly because of "financial uncertainties."

Do these schools just not feel like touching their endowments? If so, what exactly are these endowments for?

[/quote]
Once you think of universities as a hedge fund with an education side-hustle it makes a lot more sense.[/quote]

This. Education is just a marketing expense for the hedge fund. The education administrators don't run the business. [/quote]

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