Some schools count quasi-endowments in their totals. Others don’t. Quasi endowment fund sources are typically operating funds rather than external donors or sources. If you look at UTIMCO (the organization that manages endowments for UT and A&M), they separate the operating funds from endowment funds. They also separate endowment funds from the Permanent University Fund (derived from 2 million acres of land) and institutional endowments (e.g. from donors). Anyway, yet another area where you have to make sure you are doing an apples-to-apples comparison.