I assumed it was money they didn't have to take from the endowment, but they were taking it anyway, on the assumption that they'd be able to fiddle it on their taxes (private schools were considered charities when this book was written) and also that they needed to do something reputationally, and this would look better.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
no subject
Date: 2025-05-22 07:03 pm (UTC)