Just have a look into how Cooper Union. It used to be tuition free because of a massive endowment.

So what happened. Rich scumbags raided it to build a bunch of real estate projects for their own personal gain.

https://news.artnet.com/art-world/cooper-union-tuition-free-2029-1956184

Cooper Union is no longer tuition free. Sure they're trying to get it back, but good luck.

This is the same old story. Some shitbag who is already filthy rich just can't stand the fact that it's something they can't leverage to make more money for themselves.

Some things are services, not businesses.