|
Yes, I understand that the state of California is undergoing financial difficulties. My state certainly is and all but a handful of states are in the same situation.
However, I suspect that the endowment of the University of California at Berkeley is large enough to pay the bills for all five teams as well as to help lower tuition, increase staff salaries, etc.
My point is that colleges and universities are constantly raising money. Most often, it seems that the funds raised are earmarked to enlarge endowments. Colleges and universities are engaged in a contest of "my endowment is larger than your endowment." Some university endowments are bigger than the gross national product of a small first world nation.
I would love to see a college or university dip into the endowment -- yes, even the principal/principle --to keep tuition rates low, to pay staff members a decent salary, to improve student services, etc.
|
Hybrid Mode
