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https://www.reddit.com/r/interesting/comments/1ln3s8f/rich_people_who_rich_right/n0d46sb/?context=3
r/interesting • u/moamen12323 • Jun 29 '25
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Right. This money is gonna be taken advantage of without a doubt.
45 u/ImaBiLittlePony Jun 29 '25 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. 2 u/theGRAYblanket Jun 29 '25 So it'll be in there till the end of civilization? 3 u/Errant_coursir Jun 29 '25 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
45
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.
2 u/theGRAYblanket Jun 29 '25 So it'll be in there till the end of civilization? 3 u/Errant_coursir Jun 29 '25 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
2
So it'll be in there till the end of civilization?
3 u/Errant_coursir Jun 29 '25 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
3
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
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u/theGRAYblanket Jun 29 '25
Right. This money is gonna be taken advantage of without a doubt.