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All the news and information you need to see, curated by the @ABC News team. http://instagram.com/abcnews  Tips: https://abcn.ws/tips 

New York City / Worldwide
abcnews.go.com
Joined April 2009

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    ABC News‏Verified account @ABC Apr 25
    • Report Tweet
    • Report NetzDG Violation

    "Schools are legally bound to spend the money in the way the donors determined." Why coronavirus-battered universities may not be able to use their endowments.https://abcn.ws/354UV0p 

    2:37 PM - 25 Apr 2020
    • 35 Retweets
    • 77 Likes
    • Lorena Campo anna Robert Arleigh White Obichukwuemeka MomBug ธεβαธτιαη Ρξйα NACUBO World News Peter in a Peartree 🎅🏼🎄✨
    27 replies 35 retweets 77 likes
      1. mike bell‏ @msb4105 Apr 25
        • Report Tweet
        • Report NetzDG Violation
        Replying to @ABC

        Then go bact to the donors not the taxpayers. An audit of the schools should be done before they get a penny of taxpayer funds.

        0 replies 0 retweets 0 likes
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      1. Cindy Myers‏ @CindyMy13178850 Apr 25
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        Replying to @ABC

        BOO HOO. THESE BIG IVY LEAGUE COLLEGES COULDNT GO TWO MONTHS WITHOUT STUDENTS PAY?. THEN HOW GOOD WHERE YOU TO BEGIN WITH?

        0 replies 0 retweets 0 likes
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      1. Lefty Lies‏ @leftylies Apr 25
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        Replying to @ABC

        @TheDemocrats and their endowments

        0 replies 0 retweets 0 likes
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      1. Josh 🇺🇸‏ @Mirror8Lol Apr 25
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        Replying to @ABC

        Tell me more

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      1. New conversation
      2. Tlucke‏ @Tlucke3 Apr 25
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        Replying to @ABC

        There’s always layoffs like the rest of us!

        1 reply 0 retweets 0 likes
      3. Jack the Lope‏ @jacka_loper Apr 25
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        Replying to @Tlucke3 @ABC

        Who says they aren’t? 40%+ of my University’s employees are getting furloughed

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. Bear‏ @carebear1179 Apr 25
        • Report Tweet
        • Report NetzDG Violation
        Replying to @ABC

        Most universities and colleges also have “unrestricted endowments” that they can use for whatever the Board deems necessary. Restricted endowments have to be used for the intended purposes of the donor.

        0 replies 0 retweets 2 likes
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      1. крапивин‏ @vrkraivin Apr 25
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        Replying to @ABC

        Что за страна

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      2. Stuart O'Neill‏ @stuart_oneill Apr 25
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        Replying to @ABC

        That's when you contact the donors or surviving family members and legally modify the endowment contract. I'm familiar with charitable remainder trusts and other endowment techniques. The contracts/trusts can be altered.

        1 reply 2 retweets 0 likes
      3. I've gone Feral. Factotum‏ @Skooked Apr 25
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        Replying to @stuart_oneill @8s @ABC

        You’d think @ABC WOULD have consulted an expert before screaming a headline like that. But they’d rather keep it dialed up to 11 and hair on fire 🔥

        0 replies 0 retweets 1 like
      4. End of conversation

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