Andrew Jack

Yes, Colombia's endowment is around about $14, $15 billion. $14, $15 billion.

Yes, Colombia's endowment is around about $14, $15 billion. $14, $15 billion.

Well, I mean, the first thing to say that you often hear the pushback from even the very well endowed universities is that, you know, those endowments are a long-term investment in their future operations that, of course, much of that money gets reinvested for the longer term. But the surplus of

Well, I mean, the first thing to say that you often hear the pushback from even the very well endowed universities is that, you know, those endowments are a long-term investment in their future operations that, of course, much of that money gets reinvested for the longer term. But the surplus of

Well, I mean, the first thing to say that you often hear the pushback from even the very well endowed universities is that, you know, those endowments are a long-term investment in their future operations that, of course, much of that money gets reinvested for the longer term. But the surplus of

Well, and I think, yes. So I think that there's a few things to say here. The first is that certainly much of the surplus income that's generated by endowments is actually used for financial aid. But the second thing is the Ivies argue that, you know, much of the revenue that they generate is

Well, and I think, yes. So I think that there's a few things to say here. The first is that certainly much of the surplus income that's generated by endowments is actually used for financial aid. But the second thing is the Ivies argue that, you know, much of the revenue that they generate is

Well, and I think, yes. So I think that there's a few things to say here. The first is that certainly much of the surplus income that's generated by endowments is actually used for financial aid. But the second thing is the Ivies argue that, you know, much of the revenue that they generate is

from their endowment, that surplus is actually used to provide discounted or even free tuition for those that are talented but come from lower income backgrounds. So, simply to blow out the endowments is, one, difficult because a lot of those reserves that go into endowments are earmarked by the people who give them, the donors, for specific causes.

from their endowment, that surplus is actually used to provide discounted or even free tuition for those that are talented but come from lower income backgrounds. So, simply to blow out the endowments is, one, difficult because a lot of those reserves that go into endowments are earmarked by the people who give them, the donors, for specific causes.

from their endowment, that surplus is actually used to provide discounted or even free tuition for those that are talented but come from lower income backgrounds. So, simply to blow out the endowments is, one, difficult because a lot of those reserves that go into endowments are earmarked by the people who give them, the donors, for specific causes.

But the pressure that we're seeing, the funding withdrawals, the $2.2 billion now at Harvard, for example, that the government says it will withdraw from the university, is actually, well, it's a So this is not, you know, just a subsidy to a rich university to perpetuate their endowment. It's actually money that's very specifically allocated for projects for research for the future of society.

But the pressure that we're seeing, the funding withdrawals, the $2.2 billion now at Harvard, for example, that the government says it will withdraw from the university, is actually, well, it's a So this is not, you know, just a subsidy to a rich university to perpetuate their endowment. It's actually money that's very specifically allocated for projects for research for the future of society.

But the pressure that we're seeing, the funding withdrawals, the $2.2 billion now at Harvard, for example, that the government says it will withdraw from the university, is actually, well, it's a So this is not, you know, just a subsidy to a rich university to perpetuate their endowment. It's actually money that's very specifically allocated for projects for research for the future of society.

Yes. And I think even at Columbia and a number of the other universities that have been targeted, frankly, despite the complexities we were just discussing, those should provide resources to help them during rainy days. There was a big debate around this after the financial crisis in 2008.

Yes. And I think even at Columbia and a number of the other universities that have been targeted, frankly, despite the complexities we were just discussing, those should provide resources to help them during rainy days. There was a big debate around this after the financial crisis in 2008.

Yes. And I think even at Columbia and a number of the other universities that have been targeted, frankly, despite the complexities we were just discussing, those should provide resources to help them during rainy days. There was a big debate around this after the financial crisis in 2008.

There were discussions around it during COVID, of course, when students had to go online and classes were cancelled and so on. And I think this is absolutely, as if not more, of an existential moment when, frankly, taking some of that endowment money to cover the additional risks involved

There were discussions around it during COVID, of course, when students had to go online and classes were cancelled and so on. And I think this is absolutely, as if not more, of an existential moment when, frankly, taking some of that endowment money to cover the additional risks involved

There were discussions around it during COVID, of course, when students had to go online and classes were cancelled and so on. And I think this is absolutely, as if not more, of an existential moment when, frankly, taking some of that endowment money to cover the additional risks involved