Endowments Usage

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Posted by Oldtimer on August 05, 20 at 14:52:35:

There have been several that have suggested Universities should tap into their endowments for funding this or that.

That will never happen. Almost all endowments are given for a specific purpose, such as the donations to the WP Carey College of Business, the ASU hockey team, the Ira A. Fulton Schools of Engineering and so forth.

If ASU tried to funnel that money to anything else there would be lawsuits and donations would dry up. My wife and I endowed a small scholarship at WP Carey with restrictions such as it had to go to a low income student carrying a full load and such. If they tried to divert that funding to anything else, I'd have a fit and demand my donation be returned.

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