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by glenstein
60 days ago
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Even worse, they would go bankrupt after like 2-3 years. And almost no serious non-profit has an endowment that can fund them in perpetuity. They are almost always firewalls that buy time/safety in response to crises (e.g. financial crisis or covid), meant to run in parallel with ongoing revenue that comes in regularly. It's great if you can get your endowment so big you never have to worry about revenue but outside of, say, elite universities or middle eastern sovereign wealth funds that rarely happens. |
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