<p>“Do you think the acquisition was made possible using some of the $3 billion Yale has been raising this year? Otherwise they’d have to use the $20-25 billion endowment, but that’s technically mostly restricted for particular uses.”</p>
<p>That trifle 3 billion isn’t merely enough to fund something of that magnitude. The Yale endowment has a reserve for research funding that totals about a quarter of the total. It’s not out of the normal to see it’s being exercised once in a while.</p>