The unofficial online home for fans of the UAB Blazers. Part of Collegiate Sports Nation (CSN).

https://www.al.com/news/2018/12/oneal-in...enter.html

Not athletics related, but this is pretty huge. It's the largest gift in school history and the cancer center will be renamed the O'Neal Comprehensive Cancer Center at UAB.

Will be placed in an endowment fund where about $1.5 million a year can be used.

(12-05-2018 10:08 AM)the_blazerman Wrote:  Will be placed in an endowment fund where about $1.5 million a year can be used.

I wish I could reliably expect to earn 5% on my savings. Wonder where they will park that $30Mil?

(12-08-2018 11:29 AM)BlazrDawg Wrote:  

(12-05-2018 10:08 AM)the_blazerman Wrote:  Will be placed in an endowment fund where about $1.5 million a year can be used.

I wish I could reliably expect to earn 5% on my savings. Wonder where they will park that $30Mil?

The endowments of all the campuses are centrally managed by the System office who has hired outside fund managers to invest the money. If I did the math correctly, in 2017 they returned almost 25% on a combined $1.3b (pg 127/128: http://uasystem.edu/assets/2018/12/Data-...2018.pdf). That $30m is just a drop in the bucket

(12-12-2018 09:13 PM)mixduptransistor Wrote:  

(12-08-2018 11:29 AM)BlazrDawg Wrote:  

(12-05-2018 10:08 AM)the_blazerman Wrote:  Will be placed in an endowment fund where about $1.5 million a year can be used.

I wish I could reliably expect to earn 5% on my savings. Wonder where they will park that $30Mil?

The endowments of all the campuses are centrally managed by the System office who has hired outside fund managers to invest the money. If I did the math correctly, in 2017 they returned almost 25% on a combined $1.3b (pg 127/128: http://uasystem.edu/assets/2018/12/Data-...2018.pdf). That $30m is just a drop in the bucket

We won't always get 25%, but that's a nice return.