Comment by joe5150
What does "gorging themselves on endowments" even mean? If they did that, they wouldn't be very endowed in quick order.
What does "gorging themselves on endowments" even mean? If they did that, they wouldn't be very endowed in quick order.
You're both wrong. I'm saying they're engorged AND well endowed. Many consider this a strong point.
Charitably, they may mean "the proceeds from their endowments" (or maybe "engorging their endowments", if that's even a proper use of the word), but I think that's a weak point. Proportionally very, very few institutions have significant endowments.