- Jan 14, 2018
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.