(01-14-2015 01:06 PM)I45owl Wrote:  

(01-07-2015 11:51 AM)Viejobuho Wrote:  

(01-07-2015 03:10 AM)Almadenmike Wrote:  

(01-06-2015 11:41 PM)Viejobuho Wrote:  I could not find a ranking of richest USA universities on an endowment per student basis. Circa my Rice days, us Owls were some of the most endowed…
Seriously, I think that Rice is still in the top 8 , on endowment dollars per student.

In September, the New York Times published a list of colleges with the highest endowment per student values. Rice was 11th.

Here are the Top 16:

Code:

College   Endowment per student

Princeton     $2,280,000
Yale          $1,990,000
Harvard       $1,520,000
Stanford      $1,200,000
Pomona        $1,170,000
M.I.T.        $1,000,000
Swarthmore      $970,000
Amherst         $940,000
Grinnell        $880,000
Williams        $840,000
Rice            $810,000
Caltech         $770,000
Dartmouth       $660,000
Wellesley       $640,000
Washington&Lee  $600,000
Notre Dame      $570,000

Thks for the info.
I consider some of those ahead of Rice as colleges, so Rice may be considered as among the top 6 universities. I think we have declined since my Rice days, but not beyond merit.

IIRC, Rice was top 10 in total endowment in the 1980s and second only to Harvard in endowment/student. But, perception of endowment might be embellished by age.

The increase in undergrad population with two new colleges could lessen the per student amount if the fund remained the same.

(01-07-2015 12:35 PM)Tomball Owl Wrote:  

(01-07-2015 01:43 AM)Caelligh Wrote:  

(01-06-2015 04:46 PM)GoodOwl Wrote:  ...I see clear opportunities for the Athl. Dept. to engage those students, leveraging their sports interest to bridge the gap and change the culture of Rice students in a relatively short period of time with minimal investment, with potential big payoffs down the road. Rice studnets become Rice grads, after all, and often can become more successful than regular state school grads.

Didn't the football program conduct a sort of workshop to introduce Rice's international students to football a few years ago? Does anybody know if that kind of outreach and engagement grows a fan base significantly?

I believe this has become an annual event. Not sure on the impact on growing the fan base, but the participants and the players and coaches seem to have fun doing it.

I think it would be far more effective in that regard if in addition to engaging the 'students' on athletic terms, they also engaged them on academic terms... by that I mean (and will use simple examples) talking about the physics and geometry of throwing lanes and zones... The comparisons to things they understand quite well might/could engender far greater respect and interest in the players AND the sport than merely seeing that these guys are exceptional athletes and generally fun to be around.

I just got via snail-mail an update of Rice's endowment: as of June 30, 2014 its market value stood at $5.528 B , a nice increase of $691 M over 6/30/13. This increase is net, after allowing for $233 M in endowment spending.

The investment return from 2013 to 2014 was a healthy 18.15%, comfortably above the average university returns.

Apparently, Rice spends more of its endowment revenue, proportionally, than the average peer school; so maybe, our total endowment ranking may not have improved much.

The recent drop in oil prices may adversely affect the next fiscal year's return, because Rice has some 12% of its endowment invested in "Natural Resources".

But still, good news!

If we do another 18% this year, maybe we should acquire Baylor School of Medicine; if we do it again in 2016, buy our way into the P5…and top ten USNWR ranking!

Universities typically spend 4.5% to 5% of the endowment each year (based on the beginning market value), so $233 M for Rice is right in line.

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

(01-27-2015 02:17 PM)Viejobuho Wrote:  Apparently, Rice spends more of its endowment revenue, proportionally, than the average peer school; so maybe, our total endowment ranking may not have improved much.

The recent drop in oil prices may adversely affect the next fiscal year's return, because Rice has some 12% of its endowment invested in "Natural Resources".

(01-27-2015 03:30 PM)temchugh Wrote:  Universities typically spend 4.5% to 5% of the endowment each year (based on the beginning market value), so $233 M for Rice is right in line.

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

I believe what I've heard President Leebron (PL) say is that Rice's dependence on endowment payout for operating expenses is greater than that of our peer institutions.

In his State of the University (SOU) address this past October, PL said preliminary FY 2014 expenses were $592 million. (See page 41 of the slide set here: https://professor.rice.edu/uploadedFiles...0FINAL.pdf) The $233 million contribution from the endowment would then pay for 43 percent of those expenses. I don't have the time to try to look up comparable institutions but I don't doubt PL's statement.

BTW, the same page shows Rice's "3-year endowment spending rate: 5.45% (6/30/14) and 5.38% projected for FY 2015." As was discussed quite a bit during the recession, when the endowment's value contracted sharply, the BOT aims for a conservative endowment payout rate averaged over several years so there's a smooth, relatively constant funding stream for university operations.

In the 2009 SOU, the payout was nearly 6 percent -- $215.5 million of $3.6 billion -- which covered 46 percent of the $467.5 million in operating revenues (see pp 21 & 40 of that year's State of the University address, linked from here: http://professor.rice.edu/professor/Speech_Index.asp). But that year's budget (p. 23 = expenditures?) was $479.1 million, and he said 2010 operating budgets would be cut by 5 percent.

In 2010 (http://professor.rice.edu/uploadedFiles/...102110.pdf), expenditures were not given, but Rice's revenues were up to $489 million (+4.6%), of which 45% were said to have been from the endowment, which had a value of $3.787 billion. That amounts to a $220 million, or a 5.8 percent payout.

Quote:The Owls have another reason to hoot after Rice University was landed a rare spot on an international ranking. The Houston institution has the prestige of being not only the only Texas university on the list, but one of only two U.S. universities in the top 100.

Rice University among two U.S. schools on international ranking

(01-27-2015 02:17 PM)Viejobuho Wrote:  I just got via snail-mail an update of Rice's endowment: as of June 30, 2014 its market value stood at $5.528 B , a nice increase of $691 M over 6/30/13. This increase is net, after allowing for $233 M in endowment spending.

The investment return from 2013 to 2014 was a healthy 18.15%, comfortably above the average university returns.

Apparently, Rice spends more of its endowment revenue, proportionally, than the average peer school; so maybe, our total endowment ranking may not have improved much.

The recent drop in oil prices may adversely affect the next fiscal year's return, because Rice has some 12% of its endowment invested in "Natural Resources".

But still, good news!

If we do another 18% this year, maybe we should acquire Baylor School of Medicine; if we do it again in 2016, buy our way into the P5…and top ten USNWR ranking!

A lot of the natural resources, luckily, are natural gas, etc.....no longer just oil. Good news indeed all around.