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paulorlandotoday at 5:20 PM1 replyview on HN

"Giant donations, he’s come to realize, often increase the university’s bills, generating new operating expenses for projects that may have only tenuous links to the university’s core mission. The new fixed costs cannibalize existing funding streams, increasing pressure to grow revenue."


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vlztoday at 5:26 PM

'He remembers the quip from a former dean: “The endowment is the gift that keeps on taking.”'

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