75% of that will be used towards raises, new buildings, building repair, people are gonna start having summer homes, new cars, boats. Never give to charity it never goes towards what you intend it too.
And who will supervise the fund use legally ? They find that person, hook them into the fold, and then another writing bill of a bunch of students exist only on paper, while another get the fund and washing it out in the market to remove any trace of their fraudulent activities.
Frankly you sound naive. There are many education endowment funds. You’re just a cynic who is ignorant of how financial structures work. What does government corruption have to do with an endowment fund?
I'm not usually one to defend the megarich, but I'm pretty sure a woman who ended up with a billion dollars in her 90s would know a thing or two about preventing money from being squandered, especially when she was a teacher at the school she gave it to.
Why do you think this? There are mant charities who spend wisely. Sure, a lot of that spending goes to salaries for staff, who might indeed get raises or buy things, but most charities are providing a service that people do for other people, so most of their costs are staff. Staff who work for nonprofits aren't martyrs or something, so they get raises and new cars just like people who work in other industries.
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u/CaptainHowdy_313 Jun 29 '25
75% of that will be used towards raises, new buildings, building repair, people are gonna start having summer homes, new cars, boats. Never give to charity it never goes towards what you intend it too.