New York City's two largest non-profit hedge funds both recieved $200 million dollar gifts. My hedge fund will use its money for a classics departments or something like that. What are classics? Are John Wayne flicks classics? What about Debbie Does Dallas? What about Shaft ficks? What about the last Torts lecture? Have you heard an opening statement by Sam Roe? Anything by Sam Roe is a classic.
------------------------------------- From the NYTimes:


New York University and Columbia have each received donations of about $200 million, among the largest to academic institutions in recent years. The gifts, from different donors, come as both universities try to compete with rivals that have far larger endowments.

N.Y.U. and Columbia are longtime rivals, as Mayor Bloomberg observed at Columbia yesterday, but both universities must compete with other elite universities with much more money. Columbia's endowment is about $5.2 billion and N.Y.U., which is in the fifth year of a seven-year capital campaign to raise $2.5 billion, has about $1.6 billion, according to The Chronicle of Higher Education. In contrast, Harvard has more than $25 billion and Yale, $15 billion.