Not super sure what this means...
Brett McMurphy
Rice becomes latest FBS program to endow its football head coaching position, source told @WatchStadium. Bruce & Elizabeth Dunlieve will endow the Dunlieve Family Head Coach at Rice. Other programs w/endowed coaching positions include Michigan, Northwestern, Notre Dame & Stanford
(08-21-2018 10:12 AM)07owl Wrote: [ -> ]Not super sure what this means...
Brett McMurphy
Rice becomes latest FBS program to endow its football head coaching position, source told @WatchStadium. Bruce & Elizabeth Dunlieve will endow the Dunlieve Family Head Coach at Rice. Other programs w/endowed coaching positions include Michigan, Northwestern, Notre Dame & Stanford
Interesting.
It's none of my business, but I'm very curious what the annual revenue is from this endowment.
Hopefully this is enough to free up money for either assistant coaches or cover any buy-out necessary in the future.
Thank you, Dunlieve family.
(08-21-2018 10:12 AM)07owl Wrote: [ -> ]Not super sure what this means...
Brett McMurphy
Rice becomes latest FBS program to endow its football head coaching position, source told @WatchStadium. Bruce & Elizabeth Dunlieve will endow the Dunlieve Family Head Coach at Rice. Other programs w/endowed coaching positions include Michigan, Northwestern, Notre Dame & Stanford
Means someone put in a (hopefully good) amount of money into an endowment that will pay out (hopefully a large chunk) of the coach's salary.
Great news, and thanks Dunlieves!
Anyone know the Dunlevies?
This article says Bruce was Sid class of '79:
http://www.ricethresher.org/article/2017...-influence
Looks like he's a venture capitalist in the Bay Area. Elizabeth had ties to Stanford's medical school, and looks like they might have a son playing water polo at Stanford, and might have endowed some water polo coaching positions.
It would have been an interesting move on Rice's part to make an initial announcement last night at the Gael before the radio show. Instead the news is broken by outside sources.
(08-21-2018 10:53 AM)Da.Owl Wrote: [ -> ]It would have been an interesting move on Rice's part to make an initial announcement last night at the Gael before the radio show. Instead the news is broken by outside sources.
Perhaps the announcement is planned for a more formal setting than a gin joint?
This is huge news. Kudos to whoever in the AD's office was able to pull this off.
(08-21-2018 11:23 AM)loki_the_bubba Wrote: [ -> ] (08-21-2018 11:04 AM)NYNightOwl Wrote: [ -> ]Thank you Dunlevies.
Great news as this might inspire others to donate as well. First Patterson and now this...good positive movement.
Awesome news. Thanks to the family and big kudos to JK for following through on his Stanford model.
This is awesome. Can only mean good things. Free up money for assistant positions, equipment, etc.
I see two possibilities:
(1) A large contribution from the Dunlieve family that will help eradicate the unfounded myth that the deep state at Rice wants to drop out of D1 football. Many thanks to the Dunlieves!
(2) A more modest contribution to pay the rest of Bloomgren's contracted salary before Rice drops D1 football! Just get me some tinfoil for my hat
(08-21-2018 12:08 PM)mrbig Wrote: [ -> ]I see two possibilities:
(1) A large contribution from the Dunlieve family that will help eradicate the unfounded myth that the deep state at Rice wants to drop out of D1 football. Many thanks to the Dunlieves!
(2) A more modest contribution to pay the rest of Bloomgren's contracted salary before Rice drops D1 football! Just get me some tinfoil for my hat
Hopefully a small step toward accomplishing the first. Based on the description, likely not enough by itself to do so
Rice announces endowment of head football coaching position
HOUSTON -- (Aug. 21, 2018) -- When Mike Bloomgren leads the Rice Owls onto the Rice Stadium turf for his first game on Aug. 25, he will do so as the Dunlevie Family Head Football Coach thanks to an endowed gift by Bruce and Elizabeth Dunlevie.
“As lifelong fans of Rice Athletics, Elizabeth and I are thrilled to make this contribution to the football program,” Dunlevie '79 said. “We believe that Division I athletics is a fundamental aspect of a diverse college student experience, which it has been at Rice for decades. We also have the utmost respect for the discipline required of Rice’s student-athletes to succeed simultaneously in the classroom and in their sport. We hope that others who feel as we do will be similarly inspired to support the vitality of Rice Athletics.”
The endowment is the first for a Rice Athletics coaching position and is the fifth endowed head coaching position within the Football Bowl Subdivision level of NCAA Division I.
"We are grateful for the Dunlevies' transformational support of our football program," said Joe Karlgaard, Rice director of athletics, recreation and lifetime fitness. "While faculty endowments are quite common at Rice, this is the university's first endowed coaching position. We believe the endowment of our head football coaching position will serve as a catalyst toward the permanent support of other head coaches in the athletics department."
Bloomgren was named the 19th head coach at Rice on Dec. 6, 2017, after seven seasons at Stanford University. He was promoted to be Stanford’s Andrew Luck Director of Offense in 2013, one year after that position was endowed.
Bloomgren became familiar with the Dunlevies while at Stanford, where Bruce is the chairman of the board of the Stanford Management Co.
"In the time I came to know Bruce it was always very clear how much Rice and Rice Athletics meant to him, and I am humbled that he and Elizabeth have decided to place their family’s name on this position," Bloomgren said. "It's a commitment that cannot be overstated. Rice is one of the few FBS schools to have an endowed head coaching position, and this gift is a tremendous vote of confidence for the future of our program."
"Coach Bloomgren is a terrific leader for the Rice football program," Bruce Dunlevie said. "His intellect, integrity and approach to creating a positive and winning culture have our highest admiration and regard."
A founder and general partner of Benchmark Capital, Dunlevie’s firm has backed some of the world’s most successful technology startups, including eBay, Twitter, Instagram, Uber, WeWork, Snapchat, OpenTable, Yelp and Zillow.
Bruce Dunlevie served on the Rice Board of Trustees from 2002 to 2010 and was an influential contributor to Rice’s assessment of athletics in the mid-2000s. While chairing the Academic Affairs Committee, he helped shape Rice’s academic priorities for the future and made a significant contribution to the Call to Conversation by instilling an aspirational approach to growth, research and undergraduate education.
"Bruce and Elizabeth Dunlevie have consistently contributed to the high standards and character embodied by Rice Athletics," said Rice President David Leebron. "Their generosity has raised those standards again, and we are deeply grateful for their generous gift, which will elevate our commitment to the leaders who are so integral to our student-athletes."
Additionally, Bruce Dunlevie was essential to the establishment of the Rice Management Co., which is tasked with stewarding the university’s endowment fund, and he has endowed the competitive Abraham-Broad student exchange program with Trinity College Cambridge in England. He received the Association of Rice Alumni's (ARA) Distinguished Alumni Award in 2001 and was honored by Rice in 2018 with the Laureates Awards Gold Medal, the highest award presented by the ARA, which recognizes those who have rendered extraordinary service to the university.
A proponent of the humanities, Bruce Dunlevie earned a bachelor’s degree in English and history from Rice and an MBA from Stanford.
Personally I am waiting for the UH announcement that the Houston Criminal Lawyers Association has endowed the Kendall Briles Offensive Coordinator Chair.