Some public universities have seperately incorporated and administered FOUNDATIONS that have whatever rules they want. Indiana, a heavily endowed public university, and University of Texas, almost as heavily endowed, benefit from such arrangements.
In digging up facts about how much illegal aliens with in-state tuition were going to cost Texas U and Texas Tech it seemed to me the endowments there paid mostly for institutional upkeep, but there was some directed funding for various 'chairs' ~ and that always takes a load off the school's need for tuition, so it ain't all roof repairs!
That is what I said. What do you think a scholarship is?