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<p>An experienced Chief Investment Officier handling endowment, an experienced President leading an ambitous fundraising campaign, a well networked and efficient development and alumni networking system = Bigger Endowment.</p>
<p>To be frank, you have to buy quality in order to set momentum to attract and sustain quality. Bigger endowment allows for quality to take place.</p>
<p>As for whether or not endowments leads to quality, not neccessarily. Resources allow for greater quality, it just depends on the way university prioritizes its goals and ambitions, how it spends its money.</p>