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Lumifer comments on Help the Brain Preservation Foundation - Less Wrong
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And the reason for that is that this money is dedicated to the prize and cannot be touched until and unless the prize gets awarded.
Which, I think, is the standard way these things get done. Otherwise you'd get into situations where you spend the prize money on "administering" the prize, but when the time to actually give out the prize comes... oh-oh, where did the money go?
Sure, but if they don't have the money needed to administer the prize, then the prize money will sit in the bank forever, assuming that it exists.
So why didn't they allocate less money for the prize and more money for the operating costs? They could still have solicited donations to increase the prize, and they would have been reasonably sure that they were able to administer it.