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Just a minor point, I hardly call an institution with a billion dollar endowment and who raises more than 100 million a year in campaign commitments and cash "fiscally constrained".

Then you have no idea how university finances operate. Believe me, it is very much fiscally constrained. Note also that those endowment dollars are like government grants - they more often than not have to go toward something specific, they are not a piggy bank from which money can be withdrawn for any purpose, at any time.

by Dizzy on Jan 25, 2011 1:24 pm • link • report

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