Speaking on behalf of the University, Board of Trustees member Hugh Janus stated,"As a leading institution always in the vanguard, Northwestern has decided to no longer ask our alumni for more money. We believe that our alumni are the most loyal and intelligent in the country and will continue to donate money without being solicited. We have decided that it is not right to continue hoarding our large endowment fund while continually asking for more money. We have decided to start spending some of that money on improvements instead. What difference does it make if we have 8 billion or 10 billion. You can't take it with you anyway, can you."