Bard College Versus Money

Can't Bard be funded by Steely Dan royalties?  Endowment is king.  Endowment is the reason Middlebury is Middlebury in 2017 and Bennington is not.  It's also the reason Middlebury is maybe gonna be Williams in the next generation, too.  Money is the key, and if Bard has to do fundraising to meet expenses, that's not good.  And yes, there's an arms race in higher education for fancy new facilities and shit, but you have to be smart about it.