Malcolm Gladwell wrote an article recently [1] about how Princeton's endowment generates more than enough income to fund the entire school forever- no need for tuition. Yet, they still employ hundreds (thousands? I'm guessing given I know USC employs over a hundred full-time fundraisers, then all the fund managers, etc.) of people as part of their fundraising machine.

These schools really are bureaucratic monsters. They need to make more money so they can hire more fundraisers so they can make more money etc.

1. https://malcolmgladwell.bulletin.com/princeton-university-is...