I’m saying you don’t understand how endowments work. It
Posted on: April 18, 2025 at 18:41:47 CT
TigerMatt STL
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isn’t a pile of cash they can spend on whatever they want.
Most of it is earmarked by the donors for specific purposes and only the interest can be spent. Then if there are construction projects and other needs for loans, that money is used as collateral.