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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][quote=Anonymous]the funds are restricted yet the endowments compound to massive sizes. It seems to be a rainy day fund but not really. And it can't cover most of the operating expenses since funds are restricted[/quote] Most of them say oh 90+% are "restricted" so that they can claim they cannot use the money. In reality, most of the endowment is available to be used if necessary but of course they do not want to use them when they can use OPM (other people's money). We need to revok their tax exempt status and even threaten to revoke their eligibility to participate in student aid programs. That will get their attention and stop them from playing games. [/quote] Exactly. [/quote]
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