Reply to thread

Message: [QUOTE="Hoo's That, post: 4663946, member: 3609"] I always laugh at people who say that endowment money should be used to reduce tuition. There are so many strings attached to endowments that they rival the World's Largest Ball of Twine in Kansas. Money given to endowments can only be spent on what the donor specifies as its beneficiary, such as professorships, scholarships, new dorms, etc. (if the donor makes a specification). Spending endowment money on sports or reducing tuition, if it has any sort of other string attached, will result in a lawsuit that the schools would invariably lose for violating the contract. [/QUOTE]