I was wondering if you could explain how KU has $500 million dollars in the KU First program, yet they have to cut staff and programs because there isn't enough money?
Lynn Bretz, director of university relations, said: "The goal of 'KU First: Invest in Excellence' is to raise $500 million by the year 2004. So far, $337 million has been committed.
"Some commitments are bequests or trusts and are not immediately available to the university. Also, most of these funds are endowed, and only income from the investment of the principal can be used for the purposes specified by the donor."