[LuckE2Bhere]

All makes sense, but since money is really fungible, I don't see a lot of difference between such a (generous/welcome!) donation being deemed an endowment vs. any other big check of the same denomination.  The endowment rules just seem to limit your ability to spend it in the near term.  Helpful discipline, if needed, but I still don't see how any of this makes a difference from a recruit's perspective (unless they have some fear that Stanford is going to run out of money and stop paying for good coaches while they're here - maybe a legitimate concern at Cal, but that should be the last thing on someone's mind here)?

[LuckE2Bhere]

All makes sense, but since money is really fungible, I don't see a lot of difference between such a (generous/welcome!) donation being deemed an endowment vs. any other big check of the same denomination.  The endowment rules just seem to limit your ability to spend it in the near term.  Helpful discipline, if needed, but I still don't see how any of this makes a difference from a recruit's perspective (unless they have some fear that Stanford is going to run out of money and stop paying for good coaches while they're here - maybe a legitimate concern at Cal, but that should be the last thing on someone's mind here)?