Baylor’s endowment returns are beating even the Ivy League’s; here’s why that matters
…ed.” By spending only the returns and keeping the capital intact, over the long term, endowed gifts provide much more benefit than if the money is spent all at once. Think of it this way: If I give you $20, you could go buy 20 $1 candy bars right now, and that’s all you would ever get. Or, you could buy one candy bar right now and invest the rest of the money; then the fund would buy you another candy bar next year, and another the next, and the n…