Hacker News Reader

Non profit charities MUST spend 5% of their endowments on charitable projects. Some argue universities should do this too.

Many endowments at least aim for this. Harvard's target every year is to spend 5-5.5%. Actual spending over the last decades has been 4.2%-6.1%.

Building the future doesn't count as charitable?

No, because you could use that same vague statement to describe Google since they are building self driving cars.