Stanford cutting 11 sports

This just in (according to the Stanford University president):

"Stanford will discontinue 11 of our varsity sports programs at the conclusion of the 2020-21 academic year: men’s and women’s fencing, field hockey, lightweight rowing, men’s rowing, co-ed and women’s sailing, squash, synchronized swimming, men’s volleyball and wrestling....These 11 programs consist of more than 240 incredible student-athletes and 22 dedicated coaches... Stanford’s more than 850 varsity student-athletes today represent 12% of our undergraduate population, a far higher percentage than exists at nearly all of our peer institutions." [So they're cutting about 28% of Stanford athletes?]

..."We have calculated that the total incremental funding needed to permanently sustain these 11 sports at a nationally competitive varsity level exceeds $200 million....The financial model supporting 36 varsity sports is not sustainable."

Ahem, how big is the endowment again? If Stanford can't afford it, who can? Also interesting in light of Title IX - women's sailing, syncho, and field hockey got the boot. Big shocker to me is men's VB and squash (because one of the country's best squash players in history is the coach).

Any thoughts?