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College and University Discussion
Reply to "what is the point of college endowments?"
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[quote=Anonymous][quote=Anonymous]I have a feeling that there are a lot of bots on here asking "questions" or making statements that show alignment with the administration.[/quote] Or are really stupid. What do colleges spend money on that [i]isn't[/i] operating expenses? There are capital expenses, operating expenses, and debt repayment. The category of operating expenses may be restricted (e.g., professor salary, research professor salary, building maintenance) but most of any school's spending is operating expenses. You would also be incredibly stupid to spend a big chunk of your endowment on operating expenses. The rule is to spend about 4 percent of it each year and invest the earnings so that it doesn't deplete. A big 10-year campaign for a school might increase the endowment by a couple of percent--no school could fundraise faster that it spent if it was burning through 10 percent of its endowment every year. [/quote]
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