[jubilanti]

For the median worker in a small town in Spain, an entire life savings of scrimping and saving could still be only a fraction of what it would take to build one lecture hall. Might not even pay for a single year of salaries, operations, and expenses.

Put a million Euros into an endowment, and at 5% annual returns, that's 50,000 Euros, enough to hire maybe one person to run and teach everything. Even if it was 10 million Euros, that's a lot less than you think if you want to start even a small school and not run out of money in a few years.

[pezezin]

It depends on how rich the old lady was. In my hometown (Cáceres, also in Spain) an old rich lady left a whole palace to the city, which is now a museum, and a lot of money to start a cultural foundation.

[ionwake]

the point of the story was that it was given to the council on condition they built a university with it ( she wasn't a fishermans wife ).

as in she was rich bro

edit> are you trolling me?

[dpark]

You call this a rumor at the top of your comment. It’s all hearsay and you can’t really criticize people for assuming something different than you assume. There’s no factual information here to discuss.

[ionwake]

I didnt criticise anyone, and rumours are the shadows cast by coming events.