Herman Rubin hrubin at
Fri Apr 12 04:10:05 EST 1996

In article <Pine.OSF.3.91.960410154825.8306D-100000 at>,
Bert Gold  <bgold at> wrote:
>> By the way, where do startup funds come from at your place?
>> Regards
>> Josh Halpern


>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.

Universities get much of their money from the return on investments.
Real estate, stocks, and bonds.  The money from the fund drives, even
to some extent for state universities, is invested.  For private 
universities, this was always the case.  Fund drives are generally
not for operating costs.

Herman Rubin, Dept. of Statistics, Purdue Univ., West Lafayette IN47907-1399
hrubin at	 Phone: (317)494-6054	FAX: (317)494-0558

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