<p>Well, Brandeis comes to mind. Also Duke, Columbia, Northwestern and the like.</p>
<p>Another question is how much in private bonding have some of these schools done. I know of at least two publics that have the authority to issue their own bonds and been on massive (Billion level) building sprees using bond money that they expected to pay back with growth in their endowment. Now they are stuck with much reduced endowments (possibly 50% in both cases as they where heavy investors in alt investments) and they are on the hook for millions in annual debt paymnets that they don’ get from the state government. The combination might tie their hands as to much other spending from the endowment.</p>