orange79
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I understand that. But that is not the endowment he was talking about.That's not entirely true. Lots of schools have head coach endowments, program endowments, athletic scholarship endowments, etc. The principal is never spent, but the interest that they spin off most certainly does go toward operating costs within the designated athletic programs they support. That being said, most athletics-specific endowment funds usually make up a pretty small portion of a college/university's overall endowment.