[micromacrofoot]

I think savings like this are typically used as an endowment? they can hold on to it and operate off of the interest (would love if someone can confirm/deny this).

[ghaff]

That's what I would assume. Also, while significant, $1.6B wouldn't put it especially near any of the top US university endowments.

[JoeAltmaier]

If by 'operate' you mean 'pay executives and lawyers exorbitant retainers' then I suppose you are right.