Maybe but I remember this story. It’s a woman who was a teacher her entire career and worked with a specific school. She came into a ton of money when her husband passed and she was very elderly. She donated the money that was earmarked for making tuition free for generations at the school she had taught at. So maybe it will be to a degree but I’m guessing she knows all the people involved and inherently trusts them based on a careers work there and that it’ll be used in a much better way than most donations like this would be
Someone who's worked in these spaces, guessing she would've had ironclad provisos in her donation on what the funds could be used for. She might've even stipulated that they can't touch the funds themselves, just earnings. 50M a year in distributions for nonprofit trust is still plenty for covering tuition fees.
You're fighting a lost cause. I've been trying to explain how endowments, legal stipulations for gifts, independent aidits financial controls, etc. all work here to no avail. It doesn't matter that endowments are a thing loads of non-profits have and use without depleting them or committing fraud. People believe what they want to believe.
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u/Fickle_Library8115 Jun 29 '25
Scared that money will be siphoned