<p>Simple math:</p>
<p>In Levin’s letter, he writes, “Still, the 25% decline we have experienced has a very significant impact on our operations because income from the endowment supports 44% of the University’s annual expense base of $2.7 billion.” Which means that even if there is NO incoming money and the university needed to rely SOLELY on the endowment, Yale will still have enough money to make it through the next four years. If Yale sticks the endowment in a 12-month CD and gets 3% on it, it’ll be more than 500 million each year. Of course I’m not counting a variety of factors, but the college is not going bankrupt anytime soon. Not while they’re soliciting me for money every 2 weeks.</p>