英语语法分析

Private colleges' endowments' have shrivelled.

私立大学的捐赠款也在减少。

But what did endowments and foundations do?

但那时捐赠和基金在干什么？

Schools’ endowments dwindled, starved of fresh cash.

学校的捐赠基金就相应减少了，非常缺乏现金。