UNIVERSITY & HOSPITAL ENDOWMENTS

Bert Gold bgold at cgl.ucsf.edu
Wed Apr 10 17:51:17 EST 1996


> By the way, where do startup funds come from at your place?
> 
> Regards
> Josh Halpern


Josh,

Generally these come from 'OPERATING BUDGETS' which derive from tuitions,
annual fund drives (donations) and other operating income (grant
indirect costs).  

Universities do not invest in themselves except for capital equipment
and bricks and mortar.  Sometimes, they seem to like to buy
real estate though... Jefferson now owns a bunch of downtown
Philadelphia, for instance.






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