Huge Endowments: what are they for?

<p>There is no amount we know of that will cure cancer or ensure world peace.
The funds that HYP have and don’t need would be a drop in the bucket of the federal budget.
Still, I don’t believe they need most of this money. A Yale economist (I can’t reference this…maybe someone else could) opined that the only reason to have an endowment is if you believe you will need the money more in the future than you do now. I don’t know of anybody who has argued that the money is more needed in the future.
Re: Lorenzo. I saw an exhibit at the Field Museum of Natural History in Chicago today. A special exhibit on Darwin. It seems he had enough family money to pursue his passion and not worry about making a living. A worthwhile use of excess funds.
I wish I could believe that HYP would choose wisely, even if they have the inclination.</p>