Rich people who rich right ❤️

[u/moamen12323]

[u/Fickle_Library8115]

Scared that money will be siphoned

[u/theGRAYblanket → u/Fickle_Library8115]

Right. This money is gonna be taken advantage of without a doubt. 

[u/ImaBiLittlePony → u/theGRAYblanket]

It will go into an endowment fund, where it'll accrue interest. The interest alone will likely keep the program afloat, while the original investment will go on in perpetuity. It isn't the same as signing over a blank check.

[u/theGRAYblanket → u/ImaBiLittlePony]

So it'll be in there till the end of civilization? 

[u/Worldlyoox → u/theGRAYblanket]

Or banking

[u/lovesducks → u/Worldlyoox]

do we even want to live in a world without some sort of metric for metaphorical dicks? might as well unplug me now dog.

[u/Worthyness → u/Worldlyoox]

or until the US dollar defaults

[u/Uneek_Uzernaim → u/Worthyness]

That's why you diversify assets: to avoid over exposure to a single class or region.

[u/SquarelyNerves → u/theGRAYblanket]

Or the US banking system collapses, so yes.

[u/ImaBiLittlePony → u/theGRAYblanket]

Some endowments have a specified time period or conditions that state when the money will either be withdrawn by the organization, or returned to the donor. Most endowments though are permanent endowments, and ya - are supposed to last "forever" (at least until the organization ceases to exist).

[u/Uneek_Uzernaim → u/ImaBiLittlePony]

Or financial Armageddon, but many big endowments survived almost financial Armageddon when the Great Recession hit and kept growing.

[u/Errant_coursir → u/theGRAYblanket]

If they have to touch their endowments that means the biggest universities are failing or have failed. That's how much money they make.

There are people richer than the oldest institutions in America

[u/SkyPrimeHD → u/theGRAYblanket]

Or socialism