NACUBO numbers are out today

http://www.nacubo.org/Documents/Endowmen...232014.pdf

Rice 4,836,728,000

UAB 327,401,397

FAU 189,287,000

ODU 180,434,000

UTEP 179,000,000 (wiki)

FIU 149,384,000

UNCC 148,048,000

north Texas state 122,369,000

WKU 118,369,000

UTSA 106,000,000 (wiki)

LaTech 93,745,762 (wiki)

Marshall 90,637,000

MTSU 75,710,000

USM 68,863,000

RE: UAB we're working on getting ours even higher, although I doubt we could touch Rice's numbers.

The current capital campaign launched publicly in October 2013 with a goal of raising $1 billion. Prior to the public launch of the campaign, UAB had already received over $420 million in donations. The campaign is expected to conclude in 2018

remember though not all money raised in a capital campaign goes directly to an endowment and not all capital campaign funds are cash they can be donations of software or equipment or art and some are life trust that do not pay off for years

(01-28-2014 04:50 PM)TodgeRodge Wrote:  NACUBO numbers are out today

http://www.nacubo.org/Documents/Endowmen...232014.pdf

Rice 4,836,728,000

UAB 327,401,397

FAU 189,287,000

ODU 180,434,000

UTEP 179,000,000 (wiki)

FIU 149,384,000

UNCC 148,048,000

north Texas state 122,369,000

WKU 118,369,000

UTSA 106,000,000 (wiki)

LaTech 93,745,762 (wiki)

Marshall 90,637,000

MTSU 75,710,000

USM 68,863,000

What's North Texas State?

Rice has some serious jack.

Shame UAB can't spend a few of their bucks on athletics.

(01-28-2014 04:50 PM)TodgeRodge Wrote:  Rice 4,836,728,000

$4.8 billion... Wow.

I know Tulane's endowment was north of a billion pre-Katrina, but I honestly haven't heard any recent estimates.

(01-28-2014 07:49 PM)Native Georgian Wrote:  

(01-28-2014 04:50 PM)TodgeRodge Wrote:  Rice 4,836,728,000

$4.8 billion... Wow.

I know Tulane's endowment was north of a billion pre-Katrina, but I honestly haven't heard any recent estimates.

Rice is an AAU school...

Tulane is at $1,047,813,000

Not sure what happened with this site, but it looks like they got their numbers mixed up somehow.

The University of Southern Mississippi had an endowment of $98 million for fiscal year 2013.

(01-28-2014 05:41 PM)TheNorthTexan Wrote:  

(01-28-2014 04:50 PM)TodgeRodge Wrote:  NACUBO numbers are out today

http://www.nacubo.org/Documents/Endowmen...232014.pdf

Rice 4,836,728,000

UAB 327,401,397

FAU 189,287,000

ODU 180,434,000

UTEP 179,000,000 (wiki)

FIU 149,384,000

UNCC 148,048,000

north Texas state 122,369,000

WKU 118,369,000

UTSA 106,000,000 (wiki)

LaTech 93,745,762 (wiki)

Marshall 90,637,000

MTSU 75,710,000

USM 68,863,000

What's North Texas State?

That's todgerodge's way of saying he has a hard on for UNT. For whatever reason. What a dickhead.

(01-28-2014 07:55 PM)GreenSteve Wrote:  

(01-28-2014 07:49 PM)Native Georgian Wrote:  

(01-28-2014 04:50 PM)TodgeRodge Wrote:  Rice 4,836,728,000

$4.8 billion... Wow.

I know Tulane's endowment was north of a billion pre-Katrina, but I honestly haven't heard any recent estimates.

Rice is an AAU school...

so is Tulane.....

I knew Rice stood on its own academically in the conference, but I had no idea their endowment was anywhere near that high.

Something seems off with these numbers. With my wife being a VCU Ram, I was interested in their numbers. Something is definitely up with going from ~$438,000,000 to ~$1.326 billion. I know they have a footnote about certain longterm investments now being designated as part of the endowment, but good lord!

(01-28-2014 08:29 PM)TribeNiner Wrote:  Something seems off with these numbers. With my wife being a VCU Ram, I was interested in their numbers. Something is definitely up with going from ~$438,000,000 to ~$1.326 billion. I know they have a footnote about certain longterm investments now being designated as part of the endowment, but good lord!

that is just saying that as of now VCU is no longer going to consider spending into the corpus of those funds, but they have the right to spend any or all of it if they decide to, but as of now they are only going to spend from a portion of the investment returns as if it is like all other endowment funds

(01-28-2014 08:02 PM)stinkfist Wrote:  

(01-28-2014 07:55 PM)GreenSteve Wrote:  

(01-28-2014 07:49 PM)Native Georgian Wrote:  

(01-28-2014 04:50 PM)TodgeRodge Wrote:  Rice 4,836,728,000

$4.8 billion... Wow.

I know Tulane's endowment was north of a billion pre-Katrina, but I honestly haven't heard any recent estimates.

Rice is an AAU school...

so is Tulane.....

Tulane isn't included in the initial list.

(01-28-2014 08:37 PM)TodgeRodge Wrote:  

(01-28-2014 08:29 PM)TribeNiner Wrote:  Something seems off with these numbers. With my wife being a VCU Ram, I was interested in their numbers. Something is definitely up with going from ~$438,000,000 to ~$1.326 billion. I know they have a footnote about certain longterm investments now being designated as part of the endowment, but good lord!

that is just saying that as of now VCU is no longer going to consider spending into the corpus of those funds, but they have the right to spend any or all of it if they decide to, but as of now they are only going to spend from a portion of the investment returns as if it is like all other endowment funds

Exactly- they're going to operate off of the interest of these funds. In essence, this makes them quasi-endowments because they'll operate in the same manner and, in essence, will be the same thing. That's a lot of dough, though.

Is Rice's endowment about double the total of the rest of the schools?

Rice won't use the endowment for athletic improvements, but they do absorb some of the athletic department's losses from the endowment (I think).

IMO, Rice shouldn't charge money for any of its athletic competitions. They don't need the money. Just generate money from concessions and the good will of having people on campus to see the teams play.

(01-28-2014 10:22 PM)Fort Bend Owl Wrote:  Is Rice's endowment about double the total of the rest of the schools?

Rice won't use the endowment for athletic improvements, but they do absorb some of the athletic department's losses from the endowment (I think).

IMO, Rice shouldn't charge money for any of its athletic competitions. They don't need the money. Just generate money from concessions and the good will of having people on campus to see the teams play.

gonna come with a serious ad-hoc spin on this that ties into another issue....if the endowment is used for any athletic purpose and the collegiate union becomes reality....welcome to hell Rice....

my guess would be schools like Rice and USM would just say fk it, and drop the program....

just food for thought

I really don't understand the need for a $4.8B endowment, just like I don't understand why Apple is hoarding $147B in cash. In Apple's case, that money either needs to be used to grown the company through acquisition or distributed to shareholders down to a reasonable level. In the case of a university that money needs to be put to work to either further their mission or to provide a greatly reduced cost of attendance.

Given Rice's history, perhaps a large investment in fully paid minority scholarships.

usually, almost always, endowments can't be touched, only the interest they produce can be used.