I really expected them to say nothing.
After further reflection, I have changed my position on this.
Once this became publicized and they were asked about this, they really couldn't say nothing, as that would be tacit endorsement of the site, and the cause. And obviously Rutgers can't endorse a grassroots movement to fire Flood until they actually fire him.
So they really had to make a statement that they were not endorsing the GoFundMe drive; that they don't approve; that it is unauthorized, etc. And once they put distance between themselves and the drive, they can't turn around and say we don't approve, but we'll take the money. They have to say that they'll refuse the money, since otherwise their still giving tacit approval with a wink and a nod.
Beyond that, they really don't want to set a precedent that people can use donations to Rutgers as a means to further any political cause.
So Rutgers, even if they are looking for funding to fire Flood, can't approve of this campaign or say that they'll accept the money.
But that really isn't a bad thing.
At the most optimistic level, this campaign was never going to raise more than $50,000, which is less than 4% of Flood's buyout. With a $70MM athletic budget, this campaign is a drop in the bucket.
The whole point of the campaign is symbolic and to catch the attention of Rutgers. That has been achieved. Even if GoFundMe shuts it down today, it has already been successful.