Everyone screams there should not be an endowment. I liken that to your retirement. There are caveats obviously, such as transparency and true need. If Jones County needs $10,000 that does not mean Myers Park should get $100k or each get $3,000. One size does not fit all.
About fifteen years ago I spoke with Charlie Adams about the endowment. I felt they were taking away from the schools. He said that was why they added the week. If the school wanted to play they could and pay the endowment, if they did not want to play or pay the endowment they could continue without an endowment game.
Charlie Adams told Rick Strunk around 1988 or 89 that there were most likely only two things other than financial collapse that could completely stop high school sports from a macro position, war and pandemic. Three years later the Gulf War caused some postponements. Fast forward to 2020. Think he was looking back at the World Wars and the influenza pandemic of the 19 teens. Charlie Adams was pretty sharp and he felt that years after he was long gone the endowment would be what would allow NC to continue to have high school sports inclusively and without extreme drop offs.
When Adams implemented the endowment his idea was to build the fund as large as possible over time so that the fund would generate returns that would ensure that pay for play sports would not become the only way to fund teams and the catastrophic insurance policy purchase would be viable.
Without the present endowment there would not have been $4 million to give out this year.