tag:blogger.com,1999:blog-6557458849091969678.post7372337688313632162..comments2023-06-15T09:13:45.467-04:00Comments on Liberty's Torch: Quickies: Money, Good Intentions, And Naughty PlayersFrancis W. Porrettohttp://www.blogger.com/profile/05862584203772592282noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6557458849091969678.post-41389102776400607492018-05-13T08:34:44.205-04:002018-05-13T08:34:44.205-04:00The key word is fungible. College administrators m...The key word is fungible. College administrators move money around at will without any regard to the conditions imposed by the donor. I was told once by my department chair that sometime in the past all of the department's endowed trust funds had been looted and had no money in them. The department funded the various trust fund purposes out of its regular annual budget.sykes.1https://www.blogger.com/profile/10954672321945289871noreply@blogger.comtag:blogger.com,1999:blog-6557458849091969678.post-91119720739717403822018-05-13T07:50:03.031-04:002018-05-13T07:50:03.031-04:00It's not a subtle point. It's exactly wha...It's not a subtle point. It's exactly what they do. My best friend's mother was on the board of a famous Philadelphia college and we talked about funding. Everything short of donating a building goes into a general fund and is dispersed therefrom. Let's say the law schools budget is $20 million. If an alum donates $10 million to be used "only by the School of Law", that $10 million is earmarked for he law school. Similarly the funding from the general budget is reduced by $10 million and Voila!, instant compliance. The "freed up" $10 million is then used for "pet projects" such as a Chair of Handicapped, Transvestite POC. The law alumni just funded a crippled, queer angry black woman to brainwash yoots and didn't even know it. Hell, he probably was awarded a beautiful plaque to hang in his law office attesting to his generosity and philanthropy toward future minds learning law. B.S. Kyehttps://www.blogger.com/profile/16399082135529920025noreply@blogger.com