I've wondered and asked the same questions but haven't heard anything either.
My bet unfortunately is it will go of the way of the dodo... unless maybe we can ask a pro golfer to donate some of his earnings
As for Chaves, while I do understand that no AD wants to have that on his record. He has no choice but to go through with it for this reason: If he decides to save Mens Golf without the endownment.... what's not to say baseball or swimming or women's hockey comes back with: HEY! You allowed them to be saved, can we get some reconsideration over here?
While it isn't his decision, it will be painted as such by pitchfork nation. "Meet the new boss, same as the old boss", "He is not a UND guy", "Kennedy's Yes Man", etc. etc. etc.