IIRC correctly there was a case several years ago where the University of Maryland was sued because a large whites only endowment. The court ruled that it had to be open to everybody. I don’t agree. The answer to both of these should have been “thanks but no thanks” since the wishes of the people who set them up can’t be fulfilled. To me it should be the same as if they were alive today and came to the school with the idea.
I agree, but it really isn’t nearly as dodgy as it seems when you take into consideration that the colleges are administering the endowments. Still slightly dodgy though.