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589 points gnabgib | 1 comments | | HN request time: 0.211s | 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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Spivak ◴[] No.42198004[source]
UPenn is a land-grant institution, they are not "just a business" they were given land and money specifically to serve the public good. They're why we have engineering degrees, the government specifically wanted institutions that taught practical marketable skills and to do research in those fields.
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blackhawkC17 ◴[] No.42198071[source]
> They were given land and money specifically to serve the public good.

Their duty is to deliver education. It's not solving political problems meant for elected officials (and the population at large).

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dleary ◴[] No.42198194[source]
If their duty is to deliver education, why are they sitting on a $20B hoard?

Presumably they could spend a little bit of that to deliver some more education, couldn’t they?

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etempleton ◴[] No.42198897[source]
Endowments are not just slush funds that can be used at leadership’s discretion; they are often from donated monies with specific stipulations set by donors on how, where, and what those funds can and cannot be spent on.
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1. culi ◴[] No.42199585[source]
college endowments are invested. Managing these investments is a huge focus of universities