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Matt Stocum
matt.stocum.us
did:plc:gwbhsadsafugtsekbf5htox5
Are they able to though? I’m not sure about NY law, but in PA, I think universities are capped at withdrawing a maximum of 7% per year from their endowments. The funds are often highly restricted in what they can be used for as well. This is not to excuse their capitulation, however.
2025-03-20T11:15:09.054Z