@DianaVilliers1@a_guyin@nytimes@EdMorrissey Restricted endowments are based on the donorโs wishes as stipulated in the gift agreement and those funds can only be used at a 4% draw annually and can only for that purpose that is stated in the agreement.
@DianaVilliers1@a_guyin@nytimes@EdMorrissey An endowment doesnโt work that way. It doesnโt fund regular operating expenses. It would largely fund student scholarships. They canโt just transfer money to another program.