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College and University Discussion
Reply to "what is the point of college endowments?"
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[quote=Anonymous]It does help still - they funds things donor have an interest in. I donate to the endowment of a center at my alma mater because I want it to last and I don't want my money to go to general operating costs. I disagree with some components of the university that I explicitly don't want to fund. This is also why schools really push their annual fund because there's more flexibility with that money. Tuition also has a lot of flexibility. I'm so surprised how many people I talk to who don't understand that endowments are not just a free for all, bank account. But that's mostly because donors have their interests. Schools would get fewer donations if people couldn't direct them. [/quote]
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