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Virginia Baseball Board

hoollcry4thetoad

Joined: 8/30/13 Posts: 1026
Likes: 363


Is this just policy or are there legal restrictions placed on the


use of funds in the endowment? Is the endowment set up as a trust? Would using endowment funds for athletics be similar to ultra vires use of corporate funds.

Perhaps fans of college sports should require a separate athletic endowment that can only be used for sports. For this to work, it would have to be set up beyond the control of the school administration. I would be willing to bet that if such a fund existed, the administration would not permit its use if to do so did not comport with its view of the role of sports or the "mission" of the school.

An eternal buffer that is never used is not a buffer at all.

(In response to this post by Mg234)

Posted: 05/19/2020 at 3:27PM



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Current Thread:
  Can you explain that last statement? ** -- Minderbender 05/21/2020 08:31AM
  Gotcha, thanks ** -- Minderbender 05/21/2020 08:43AM
  Of course ** -- Mg234 05/21/2020 08:50AM

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