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581 points gnabgib | 1 comments | | HN request time: 0.216s | source
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araes ◴[] No.42196753[source]
Started looking and found out there's some much worse, and far more obvious cases that need to implement these reforms. [1]

UPenn is THE most obvious. Sitting on a $20,000,000,000 endowment fund that went up +170% over 10 years while Philadelphia rots with drug use, poverty, and gun violence.

BTW, amazing site to be horrified by gun violence (and vaguely fascinated). Look upon the awfulness of Philadelphia. [2] Sitting in their safe little haven while East and South is wounding murder land with overlapping murder / wounding statistics. (12k from 2014-2023, 190/100000 urban) [3] Northwestern and the violence everywhere South in Chi-town is maybe a personal second choice. ($13,700,000,000, +74%, 26.9k, 280/100000 urban) [4][5]

[1] https://en.wikipedia.org/wiki/List_of_colleges_and_universit...

[2] (Guns, Philadelphia) https://www.thetrace.org/2023/02/gun-violence-map-america-sh...

[3] (Location, UPenn) https://www.google.com/maps/place/University+of+Pennsylvania...

[4] (Guns, Chicago) https://www.thetrace.org/2023/02/gun-violence-map-america-sh...

[5] (Location, Northwestern) https://www.google.com/maps/place/Northwestern+University/@4...

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rs999gti ◴[] No.42197616[source]
> UPenn is THE most obvious. Sitting on a $20,000,000,000 endowment fund that went up +170% over 10 years while Philadelphia rots with drug use, poverty, and gun violence.

Why is it UPENN's responsibility to solve these issues? This is Philadelphia's problem, the university is just a business operating in the city.

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itsoktocry ◴[] No.42198417[source]
>Why is it UPENN's responsibility to solve these issues?

Who's responsibility is it? Have you seen how the government operates? Why wouldn't UPENN want to help solve it?

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ElevenLathe ◴[] No.42198547[source]
OK, but they do exist to educate people, and have a comically large endowment to do it with that only keeps growing. I guess their plan is to grow the endowment until all human beings everywhere can get full ride UPenn scholarships?
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1. dragonwriter ◴[] No.42198556[source]
Going up is what an endowment is supposed to do; you spend some part of the return on operational needs, while also growing the base so you have greater (nominal, and hopefully also real) capacity for that downstream.

If, over the long term, an endowment isn’t growing, it’s being mismanaged.