Baylor’s endowment returns are beating even the Ivy League’s; here’s why that matters
…erstand why. First, it’s important to know that the endowment isn’t like a checking account that Baylor can just use for whatever it wants. “It’s more like a ‘restricted savings account,’” says Morehead. “The bigger your savings account is, the more options you have. If you want to lower tuition, you can. If you want to start new programs, you can. If you want to hire more faculty, you can. But it’s restricted, both by law and by donor request, be…