Oh yeah? So is UK currently spending any of that endowment down to reduce the cost of tuition, especially for in-state kids? If so, how and be specific? NO AI SUMMARIES.That is precisely why universities have endowments. Here’s an AI summary of the purposes of endowments:
“Universities have endowments to provide a perpetual source of income to support their long-term missions, such as funding research, offering scholarships and financial aid, covering professor salaries, and building or maintaining facilities. These funds, accumulated through donations and investment gains, are invested to generate income that can be used to benefit students, faculty, and the wider community, thereby ensuring the institution's stability and enabling it to plan for the future and fulfill its educational and charitable goals.”
The size of an endowment is an indication of the health of a school’s relationship with its community, since endowments are collections of donated assets invested for the long term. So, UK is better off than 10 other schools in the SEC.
What percentage of the endowment is spent on ever more buildings, administrators, and soliciting more donations?
I don't see how what UK is currently doing benefits Kentucky. I amply see how it benefits the University of Kentucky, however, so don't give me reasons that confuse the two.
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