Hello There, Guest! (LoginRegister)


Post Reply 
latest endowment numbers
Author Message
Bookmark and Share
CajunExpress Offline
1st String
*

Posts: 1,914
Joined: May 2012
Reputation: 23
I Root For: Louisiana
Location:
Post: #31
RE: latest endowment numbers
@UcanUseaMint

In general the foundation dollars should not go to athletics, but at UL the RCAF is under the UL Foundation, but the funds are gotten from a separate fund raising group.

Foundations have to be well policed or funny things can happen. At UNO a few years ago the university president got a substantial portion of his daughters wedding paid for by their foundation. His logic was that he would not have had to invite many people that he did if he was not the president, nor would it had to be so opulent as a private person,thus the use of foundation money was in his eyes justified. Most money given to the UL foundation have specific goals attached to them and are used for just those things.
01-29-2014 12:53 PM
Find all posts by this user Quote this message in a reply
CW Fishman Online
Bench Warmer
*

Posts: 227
Joined: Jan 2013
Reputation: 13
I Root For: Ragin Cajuns
Location:
Post: #32
RE: latest endowment numbers
Express, do you have any idea how much is in the RCAF fund now? (I am not talking about temporary project funding, but endowed gifts)

I know it is only a few years old, but there were some pretty big increases in contributions in the last couple of years.
01-29-2014 12:58 PM
Find all posts by this user Quote this message in a reply
CajunExpress Offline
1st String
*

Posts: 1,914
Joined: May 2012
Reputation: 23
I Root For: Louisiana
Location:
Post: #33
RE: latest endowment numbers
No idea about amounts, but probably not a lot. most of the money raised is used annually.
01-29-2014 01:02 PM
Find all posts by this user Quote this message in a reply
Huan Offline
Water Engineer
*

Posts: 64
Joined: Nov 2013
Reputation: 0
I Root For: TTU, USA,
Location: Virginia
Post: #34
RE: latest endowment numbers
(01-29-2014 12:35 PM)YouCanUseaMint Wrote:  I'm not in any way implying they can or should use endowment funds for athletics, but I think the Lamar posters have a point that there is a lot of money in the area and with the right leadership, a lot can happen. I don't care that they only restarted their football program a few years back. I don't care they are in a small metro in a large state (we are the sun belt after all - we win on the field, not in markets). If they have the leadership in place and the resources, then we can talk membership. But I'm not still not convinced they have those

WSJ article a few months back said Stanford's Athletic is completely funded by their endowment's income. impressive.
01-29-2014 01:19 PM
Find all posts by this user Quote this message in a reply
YouCanUseaMint Offline
2nd String
*

Posts: 437
Joined: Mar 2010
Reputation: 20
I Root For: Texas State
Location:
Post: #35
RE: latest endowment numbers
(01-29-2014 01:19 PM)Huan Wrote:  
(01-29-2014 12:35 PM)YouCanUseaMint Wrote:  I'm not in any way implying they can or should use endowment funds for athletics, but I think the Lamar posters have a point that there is a lot of money in the area and with the right leadership, a lot can happen. I don't care that they only restarted their football program a few years back. I don't care they are in a small metro in a large state (we are the sun belt after all - we win on the field, not in markets). If they have the leadership in place and the resources, then we can talk membership. But I'm not still not convinced they have those

WSJ article a few months back said Stanford's Athletic is completely funded by their endowment's income. impressive.

Now that is impressive
01-29-2014 02:03 PM
Find all posts by this user Quote this message in a reply
swampbear Offline
1st String
*

Posts: 1,363
Joined: Jan 2013
Reputation: 27
I Root For: Louisiana
Location: Missouri City, TX.
Post: #36
RE: latest endowment numbers
(01-28-2014 05:29 PM)HeartOfDixie Wrote:  Louisiana's is around $112 million.

wrong.....assets worth over 140,000,000
01-29-2014 03:03 PM
Find all posts by this user Quote this message in a reply
TodgeRodge Offline
All American
*

Posts: 3,049
Joined: Jun 2010
Reputation: 126
I Root For: Todge
Location: Westlake
Post: #37
RE: latest endowment numbers
(01-29-2014 03:03 PM)swampbear Wrote:  
(01-28-2014 05:29 PM)HeartOfDixie Wrote:  Louisiana's is around $112 million.

wrong.....assets worth over 140,000,000

you have to remember that not all dollars under management are endowment dollars

they could be under management until spent on a large project or just because they are holding the money like endowment dollars until state funding picks up and they feel comfortable spending those dollars
01-29-2014 03:07 PM
Find all posts by this user Quote this message in a reply
HeartOfDixie Offline
Hall of Famer
*

Posts: 23,175
Joined: Oct 2013
Reputation: 803
I Root For: Alabama
Location: Huntsville AL
Post: #38
RE: latest endowment numbers
(01-29-2014 03:07 PM)TodgeRodge Wrote:  
(01-29-2014 03:03 PM)swampbear Wrote:  
(01-28-2014 05:29 PM)HeartOfDixie Wrote:  Louisiana's is around $112 million.

wrong.....assets worth over 140,000,000

you have to remember that not all dollars under management are endowment dollars

they could be under management until spent on a large project or just because they are holding the money like endowment dollars until state funding picks up and they feel comfortable spending those dollars

Exactly.

US News is the squad who came up with the $112.
01-29-2014 03:19 PM
Find all posts by this user Quote this message in a reply
CajunExpress Offline
1st String
*

Posts: 1,914
Joined: May 2012
Reputation: 23
I Root For: Louisiana
Location:
Post: #39
RE: latest endowment numbers
(01-29-2014 03:19 PM)HeartOfDixie Wrote:  
(01-29-2014 03:07 PM)TodgeRodge Wrote:  
(01-29-2014 03:03 PM)swampbear Wrote:  
(01-28-2014 05:29 PM)HeartOfDixie Wrote:  Louisiana's is around $112 million.

wrong.....assets worth over 140,000,000

you have to remember that not all dollars under management are endowment dollars

they could be under management until spent on a large project or just because they are holding the money like endowment dollars until state funding picks up and they feel comfortable spending those dollars

Exactly.

US News is the squad who came up with the $112.


US News vs Dun and Bradstreet? One a news organization and we all know how well our news is vetted. The other the premier reporting agency for credit worthiness of business. What you say?

Years ago my partner and I had to be out of the business for a half day. Upon our return my high school employee who was tending the business for me advised me that Dun & Bradstreet had asked questions about the business. He advised he was a part time employee who knew nothing about the business end of the business.

I contacted D & B because I wanted my very credit worthy business to be listed. They advised me that in fact our rating was complete as they had spoken to the manager the day prior. When I advised them they spoken to a part time high schooler it went silent.

The university lists it's assets under management at 144 million, and while some will say it might mean this or it might mean that, it means it is listed as foundation assets, and the foundation and is 144 million dollars of assets as of June 30,2012.

I have zero confidence in US News and World.
01-29-2014 03:48 PM
Find all posts by this user Quote this message in a reply
HeartOfDixie Offline
Hall of Famer
*

Posts: 23,175
Joined: Oct 2013
Reputation: 803
I Root For: Alabama
Location: Huntsville AL
Post: #40
RE: latest endowment numbers
Then $144 it is.

OP had it unlisted and US News had the number.
01-29-2014 03:59 PM
Find all posts by this user Quote this message in a reply
Post Reply 




User(s) browsing this thread: 1 Guest(s)


Copyright © 2002-2018 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
Powered By MyBB, © 2002-2018 MyBB Group.