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Message: [QUOTE="cto, post: 4686864, member: 412"] Some people on this forum have zero idea of what an endowment is ... or what it is used for. Colleges (and other non-profits, such as churches, hospitals and museums) need endowments to help cover expenses that are not paid for with operating income. At Syracuse, for example, much of its scholarship aid is paid out of its endowment. At the moment, my church is financing a large necessary capital repair project out of its endowment, and many non-profit performing arts organizations (such as orchestras and regional theatres) needed to use their endowments to get through the pandemic when they had zero operating income. Endowments are vitally necessary for non-profit organizations. They are not some evil ogre. They (and the interest/dividends they generate) are vital to the health and survival of non-profits. [/QUOTE]