General Discussion

yardwork

(67,260 posts)

14. University endowments don't work that way.

Wed May 28, 2025, 02:42 PM

May 28

Endowments are made up of gifts from individuals and organizations. Every one of those gifts came with an agreement that is a signed, binding contract that the gift will be used for its donor's intended purpose.

Some gifts are for scholarships, some are to fund professorships, some are to build facilities. The university can't legally "dip into" a gift fund for scholarships and use it to fund medical research.

Also, the endowments function like retirement plans. Universities usually use only the 5% or so that is generated by investment that year. If they take out more they will have less in the future. It would be like tearing down your house to feed a fire to keep warm.

All over the country life-saving research is being shut down because of Trump. There is very little that anybody can do about it. We will all suffer.

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spooky3 Iris

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Highlight:

BREAKING NEWS: Harvard cancer grant's loss is Idaho trade school's big gain [View all] Tommy Carcetti May 28 OP

Thank you for the much-needed chuckle! yardwork May 28 #1

And the winner is: Pimp my Ride. Baitball Blogger May 28 #2

It's the countries loss, and those people who have cancer. The stupidity of much of the American public JohnSJ May 28 #3

Exactly. When I hear MAGAs are "boycotting" Harvard, all I can think is are they going to avoid cancer treatments and Iris May 30 #44

You would think Littlered May 28 #4

180 million. Not 18 million. bif May 28 #5

Thanks for that. Littlered May 28 #8

............................. Tommy Carcetti May 28 #9

I am just not Littlered May 28 #19

That kid just sat on a tire. nt Tommy Carcetti May 28 #21

Okay. Littlered May 28 #23

It's satire Blues Heron May 28 #26

Your picture and it's explanation has made me very happy today. Thanks. FadedMullet May 28 #31

I think I might have to add it in all my breaking news posts Tommy Carcetti May 28 #38

By all means, do so. Seems entirely appropriate. FadedMullet May 29 #42

Oh my. Littlered May 28 #32

Your welcome! I was pretty far into it until I caught on! Hard to tell these days isn't it! Blues Heron May 28 #33

Yes it is. Littlered May 28 #35

Time to retire. oasis May 28 #40

I just got that. Tommy Carcetti May 29 #41

The Fisk Tire ads from 100 years ago is what oasis May 30 #43

It is not a University Henry203 May 28 #12

I'm sorry to hear that. Littlered May 28 #16

Hope that it doesn't affect your wife's care Lifeafter70 May 28 #29

University endowments don't work that way. yardwork May 28 #14

I have read that Littlered May 28 #18

Universities are tapping into unrestricted funds. yardwork May 28 #25

There are two other aspects that some people aren't considering. spooky3 May 28 #34

I'm not seeing a Borowitz or The Onion credit here. 3catwoman3 May 28 #6

DUers are providing their own satire... Tommy Carcetti May 28 #7

Chuggo approves this message. Dr. Strange May 28 #20

Indeed. Tommy Carcetti May 28 #24

It is very hard to tell these days. 3catwoman3 May 28 #27

I sure do wish I found this funny 0rganism May 28 #10

Satire can be funny. But it can also be biting. Tommy Carcetti May 28 #22

Agree with you, i just wish it were funny anymore 0rganism May 28 #39

Wowzer, you penned this, didn't you (FYI, I'm never wrong). Abolishinist May 28 #11

Thank you! nt Tommy Carcetti May 28 #36

This Doctor is at Northside Hospital Henry203 May 28 #13

I hope your wife will be ok. yardwork May 28 #15

This is a satire piece, based on a real Trump pronouncement. Tommy Carcetti May 28 #17

The doctor does exist Henry203 May 28 #28

I'm not buying the Cybertruck wrap story jmowreader May 28 #30

You're probably right. Tommy Carcetti May 28 #37