This isn't law, its journalism, and frankly the article is well written and asks a good question -- why are these (extremely wealthy) universities finances so brittle?
The question is self-answering as soon as you read the first two sentences though.
> Columbia...has an endowment of roughly $15bn. Mr Trump’s administration withheld a mere $400m in federal funding.
With the best investing in the world, that $15bn might throw off 1 billion a year in perpetuity. $400m (a year) is a very serious chunk of the university's budget.
Exactly... Scaling the numbers down: It's as if a person has $1.5M net worth, and their investments produce $100K per year. They are also simply being handed $40K per year from someone they disagree with, but who otherwise reliably provides that income. Are they just going to turn that money down because of this ethical disagreement? A lot of people wouldn't.
It isn't law, but why does the principle exist in law? That's what I'm asking you to think about. Why would judges who have to make decisions about people's lives do this? Is there a good reason for it?
dmurray|10 months ago
> Columbia...has an endowment of roughly $15bn. Mr Trump’s administration withheld a mere $400m in federal funding.
With the best investing in the world, that $15bn might throw off 1 billion a year in perpetuity. $400m (a year) is a very serious chunk of the university's budget.
ryandrake|10 months ago
xracy|10 months ago
Yes there is.