Most people probably think of colleges and universities as mere pathways to a degree and then a paycheck, but lots of schools have pretty big checks coming their way as well.
Take Yale University, for example — one of the wealthiest colleges in the country, second only to fellow Ivy-Leaguer Harvard. The school has a whopping $19.3 billion endowment. Ten years ago, that total was only $10.5 billion.
Approximately three-quarters of those university’s funds are true endowment, which the institution describes as “gifts restricted by donors to provide long-term funding for designated purposes.” The remaining funds