As Ivy League schools don't offer athletic scholarships, this isn't a huge money savings nor done for Title IX reasons. To be fair to Brown Uni, these were only 2 of the 11 that were dropped. Won't be the last university to cut, just one of the first to announce as universities are feeling the pinch from lost revenue in several areas.
Men’s and women’s fencing, women’s skiing, men’s and women’s squash, women’s equestrian, men’s indoor track and field, men’s outdoor track and field and men’s cross country will all transition to club status, along with the golf teams. Women’s sailing and coed sailing will transition from club to varsity status.
This is far from the first. East Carolina cut several sports a couple of weeks ago, including men's tennis. Appalachian State cut men's tennis, men's soccer, and indoor track this past week. Furman has cut several sports, most notably baseball, which Furman has been playing since 1891. There is going to a LOT of this going forward, and if there is even one season of poor football attendance aznd related giving, there will be dominoes falling all over the country.
As to endowments and day-to-day athletic spending, I wouldn't necessarily conflate the two. The conditions on endowment spending are pretty restrictive, and often limit dollars to capital improvements and strictly academic pursuits, including research and faculty chairs. I would be surprised if many endowments around the country were able to be used to buy golf balls or pay coaches.
And fwiw, as bad as things might get in college athletics, high schools could be far worse. Again, a failure in football gates for a lot of schools will be a disaster throughout the athletic program, especially with a lot the normal avenues for sport specific fund raising closed.