As a Californian, I’d weep for the waste of water…but I can’t spare the moisture.
People are wising up to the “build it and they will come” mentality that schools like High Point are becoming notorious for. Nice amenities are all well and good, but these days people want solid academics at a bargain price. That said, it depends on the source of the funding. Often donations are earmarked for particular purposes. I donate to the marine lab and the library of my alma mater, for example.