Your point is well taken, Doc. In fact, in rethinking my “let them sell the bldg” idea, it would probably violate halacha, as chances are the big donors made a specific condition that the money they donate go directly to the blgd and NOT into the general operating bugdet.
My take on this is very similar. The tution money that parents shell out should go to tuition (meaning the cost of educating their children). Of course, you need overhead to run a school, but the vast majority of what comes in from tuition should go towards teachers salaries. Long term projects (new bulidings, ect) should not be from the day-to-day income.
We don’t live our financial life that way; schools shouldn’t either.