Yes and no. Depending on how the endowment is structured, they money never passes to the school unless the conditions are met. If the school doesn't meet them - no funds.
Lawyers for these endowments got smart once schools and judges started trying to redirect their funds.
All the more reason to go after the endowment. If the first funds they try to attach go poof, well they are still owed the judgement. Go after the next endowed funds. Repeat until paid. Pretty soon instead of losing 3% of their endowment they could find it down 5, 10 or more %. I bet they start cooperating to find payable funds before it drops by half. I seriously doubt 98% of their endowment is entailed and unavailable. A fair number of folks must have given to some general fund.