Why are universities w/ multi-billion $$ endowments announcing wage cuts/freezes, hiring freezes, letting “non-essential” workers go, etc.? This article, shared by many folks already, goes a long way towards explaining things: https://bit.ly/2X8x8L3
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I'd hope that, too, but I have no idea just what their detailed budgets or planning look like. Yes, they have a moral obligation to keep paying employees—but they also feel they have a moral obligation to provide students with financial aid.
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The other big asset is real estate, of course, though that;'s not exactly liquid.
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