alt Hacker NewsEndowments are not just slush funds that can be used at leadership’s discretion; they are often from donated monies with specific stipulations set by donors on how, where, and what those funds can and cannot be spent on.
Endowments are not just slush funds that can be used at leadership’s discretion; they are often from donated monies with specific stipulations set by donors on how, where, and what those funds can and cannot be spent on.
college endowments are invested. Managing these investments is a huge focus of universities