Excellent thread. I'd just add that the ANNUAL budget hole created by cuts to indirects (~$185 million at Michigan) is just too large to sustain over the long haul even-- if the University could devote most of it's endowment to this effort (which it can't, as this thread so clearly explains).
Reposted from
Beth Popp Berman
1/ I am seeing a lot of comments on the slashing of NIH support along the lines of “universities should just spend their huge endowments.”
I’m the last person to cheer on the institutional stratification rising endowments have contributed to. But let me explain why this is not a solution.
I’m the last person to cheer on the institutional stratification rising endowments have contributed to. But let me explain why this is not a solution.
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