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Judge granted Oberlin College’s motion to stay execution of the judgment, but required the posting of a bond in the amount of the judgment plus three years interest as security.
If it’s anything like bail bonds, they’ll have to put up 10% in cash to get the bond.
Has the university fired the bulldigger that set the whole thing off yet?
can endowments be revoked?
Sometimes. It depends on the terms of the original gift.
Endowments probably have favorable tax aspects.Therefore revoke the endowment, lose the tax savings.