What do YOU think is a better use?
Truthfully? To pay for weddings for people who the school knows don’t have any money, because they can’t pay tuition! Teachers could certainly be included if they are needy.
Call it a Darchei fund for needy members of the Darchei family. Seeing how Rabbi Bender does care, it wouldn’t shock me if that is on the table.
In addition, they could (and might be doing so) subsidize simchos in the Yeshiva, so that it costs less for people who need to make a simcha but can’t afford to do so.