- Jan 14, 2018
Lol. Where did I mention taking money out of the endowment? I understand how these donations are made. My point is if Duke decided they wanted to start spending to start outspending Bama, UGA, etc. in football coaches they would not have the issue. Do you realize how quickly they are able to raise money? Do you realize how much money their sports boosters donate every year? If UNC started to get into an arms race of coaches. Duke would come up with enough money to compete with them in weeks.Even if Duke WANTED to spend money out of their endowment for football, odds are they wouldn't be able to. People forget that an overwhelming majority of funds given by donors to any University are earmarked for a particular purpose. In other words, when I write my check for UMiami Law or the College of Arts and Sciences, those funds HAVE to go to those entities. The school cannot take that money and spend as it sees fit. Not only would it be unethical, it would also have legal ramifications. When people check a box on their donation sheet, it's considered a contract between the school and donor.