I trust it was a teachable moment...
Doubt It. They most likely just took the money from their rather large, sheltered, TAX FREE endowment. If they were real sneaky bastards they would have purchased an annuity (structured settlement) that took say 10-20 years to fully pay out. Gibson’s Bakery got paid, just no idea HOW MANY YEARS it will take to pay out.
The University Learned NOTHING.