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College and University Discussion
Reply to "UVA applications incraese"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Please hire more professors and offer more classes that are actually useful, what’s that massive endowment for[/quote] Much of that endowment belongs to units other than the undergraduate programs. [/quote] About 30% of the endowment is medical-related without a single undergraduate student. They aren't going to give their money to pay for expanding undergraduate programs. Add in Darden, Law, Athletics, etc., and over 50% of endowment may be graduate only or not related to undergraduate. Then consider that typically about 80% of endowment funds are specified as to purpose by the donor, and there is limited latitude for an institution to use available endowment assets in this way. Beyond that, no public college is going to want to use their discretionary funds to expand enrollment. They would look to the state to provide additional funding.[/quote]
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