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Message: [QUOTE="Chuck, post: 5111525, member: 1646"] The Ivies give a lot back to their students. And the endowment is meant to last forever. Also, endowments are actually made up of thousands of individual endowments with mandates, so they can't just spend the money any way they want. I do think there's something to be said about rich people donating their money elsewhere to do more good. UConn needs my money. But if I was a Harvard alum, I'd give my money elsewhere. I also think it might be time to tax the gains on endowments that are over a certain amount or have a draw down under a certain amount. [/QUOTE]