One of the prior notes said people are being prevented from earmarking donations unless they are of a certain size. That is the basis of my objection. I'd rather see the donation form, for all donations, require a specification of where it can be applied, with one of the boxes being "no restrictions." The check box should be mandatory IMO. (No saying unrestricted if they forget.)
Warning: Rant about non-revenue sports follows.
I've never cared about sports prestige, so I feel that the non-revenue athletes are already getting a sweetheart deal -- free coaching and facilities -- even if they get nothing else. For 99%+ of the participants, these ports are hobbies. There is no chance they will ever make a living at them. Given that resources are limited, I think that state money can be more effectively used elsewhere. I'd turn all non-revenue men's sports into clubs; *basic* space is provided and nothing else -- members must support themselves. I'd then make the equivalent cuts on the women's side, leaving just enough to satisfy Title X.
Wrt. the Olympics, if most schools followed the above path, then it would possibly make sense for about a half dozen schools to fund some Olympic sports, e.g. gymnastics. If only a few schools fund a given sport, then only the very best athletes in that sport, those who very well may make a career of it, will get a spot. It becomes a career path vs. a hobby path. This may improve the Olympic athlete quality produced. The top athletes will be surrounded by only the best other athletes vs. the coach needed to spend most of their time on basics with the less skilled.