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sneeze-slayer t1_j6o87h5 wrote

Reply to comment by NoREEEEEEtilBrooklyn in Temple University Graduate Students Go on Strike after Year of Unsuccessful Negotiations by BigxMac

Right, but Princeton endowment was 37 billion in 2021, so six years ago at 4% they were generating 1.5 billion in interest every year. They simply have an order of magnatude more money to fund what they please.

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NoREEEEEEtilBrooklyn t1_j6o9hvw wrote

And the interest earned from those accounts goes straight back into those accounts. That’s the whole point of endowing them. They are typically programs that wouldn’t exist without the endowed fund, or scholarship/financial aid dollars (in Princeton’s case, entirely need based financial aid since they don’t do scholarships). The endowment is wholly irrelevant to this discussion.

Where other university’s thrive is unrestricted giving (IE: Here’s a check made out to Temple for $400,000, do what you want with it). Temple is really bad at getting unrestricted donors, especially with the amount of alumni out there. That’s why the majority of Temple’s revenue is from tuition. .

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jmajek t1_j6o9zej wrote

Very interesting, thanks for the explanation. TIL.

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