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Aaron Dorfman, president of the National Committee for Responsive Philanthropy, agrees. “If the funds are restricted, they are supposed to be restricted,” he says. “You are not supposed to use endowment funds for operations. It’s not ethical — and in some cases, it could be illegal. Often when you see this kind of thing happening, it’s a huge red flag and there are potentially other problems with misuse of funds.”

Read the entire story in The Hollywood Reporter.

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