Changes

Sometimes charities are criticized for setting aside too much money and not spending more each year.  For example, the [[Wikimedia Foundation]] has been criticized for using persistent fundraising to receive much more money than it plans to spend.  Some colleges have been criticized for paying out only a portion of endowment income (to hedge against future inflation) rather than using more of the income for [[financial aid]] or for lowering [[tuition]].<ref>{{cite news|url=https://www.nytimes.com/2008/01/25/education/25endowments.html|work=New York Times|title= Senate Looking at Endowments as Tuition Rises|first=Karen|last=Arenson|date=January 25, 2008|accessdate=November 21, 2012}}</ref> In general, [[conservative]]s try to protect endowment so that it can meet the needs of future generations, while [[liberal]]s seek to maximize the present benefits of endowments.

Sometimes charities are criticized for setting aside too much money and not spending more each year.  For example, the [[Wikimedia Foundation]] has been criticized for using persistent fundraising to receive much more money than it plans to spend.  Some colleges have been criticized for paying out only a portion of endowment income (to hedge against future inflation) rather than using more of the income for [[financial aid]] or for lowering [[tuition]].<ref>{{cite news|url=https://www.nytimes.com/2008/01/25/education/25endowments.html|work=New York Times|title= Senate Looking at Endowments as Tuition Rises|first=Karen|last=Arenson|date=January 25, 2008|accessdate=November 21, 2012}}</ref> In general, [[conservative]]s try to protect endowment so that it can meet the needs of future generations, while [[liberal]]s seek to maximize the present benefits of endowments.

Colleges and universities try to have as large an endowment as possible so that the income from those financial investments can subsidize the operating expenses of the institution.  Here is a table of the United States universities which have the largest endowments:<ref>{{cite web|url=https://www.nacubo.org/-/media/Nacubo/Documents/EndowmentFiles/2019-Endowment-Market-Values--Final-Feb-10.ashx|accessdate=September 6, 2020}}</ref>

Colleges and universities try to have as large an endowment as possible so that the income from those financial investments can subsidize the operating expenses of the institution.  Here is a table of the United States universities which have the largest endowments:<ref>{{cite web|url=https://www.nacubo.org/-/media/Nacubo/Documents/EndowmentFiles/2019-Endowment-Market-Values--Final-Feb-10.ashx|title=U.S. and Canadian Institutions Listed by Fiscal Year (FY) 2019 Endowment Market Value and Change* in Endowment Market Value from FY18 to FY19 (Revised) |accessdate=September 6, 2020}}</ref>

{| class="wikitable"

{| class="wikitable"

!Rank!!School!!Size

!Rank!!School!!Size