<p>Even after significant cuts, Berkeley gets about $250 million per year in state funding, which is the opex equivalent of having about $5 billion of additional endowment. But please go on with the fact-free snark; it’s perversely entertaining. </p>
<p><a href=“http://vcaf.berkeley.edu/sites/default/files/08.22.12_UCB_Business_Case.pdf”>http://vcaf.berkeley.edu/sites/default/files/08.22.12_UCB_Business_Case.pdf</a></p>