Imagine if a specific brand of tenis racket maker stayed a non profit to give subsidized tennis balls to underprivileged buyers of its rackets...
2 would be a donation to an endowment where you can’t take out the returns
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The idea of an endowment is generally to have money you invest (and generate returns from) to fund ongoing operations. You could invest it in a housing program but I think there are better/simpler ways to solve this problem.
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Yeah endowment isn’t the right word. Just mean fund you donate to and you don’t get paid back out of.
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Why is this superior to debt funding? The main cost driver is lack of a guarantor, but you already have skin in the game with these students. Is co-signing a much bigger risk than you are already taking?
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That’s why I asked 1 or 2. Some are more interested in returns, others in sustainability of the fund and lower rates for students
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I don't think the two are mutually exclusive. What makes it unsustainable is if your business model fails. Then the fund is moot.
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If it is me running this line, it is just a P&L built around bringing in financial partners. Your students need more than housing, they need a whole middle class financial life.
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They get a middle class financial life when hired. We just need them to survive to make it through school.
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Granted. Do you have a personal finance module or any relationships built to give your students a soft landing? It seems like floating rent for a few months is part of a bigger picture here. My students are also on the margins, happy to have a conversation.
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