(01-20-2011 03:57 PM)axeme Wrote:  

(01-20-2011 03:53 PM)H2Oville Rocket Wrote:  

(01-20-2011 03:40 PM)MidnightBlueGold Wrote:  Pardon my ignorance, but what exactly is an endowment?

AS I understand it an endowment is a pot of money for a specific purpose- frequently one where the original fund is invested and where the principal is never touched and the interest is used to pay the bills. Some universities have such esoteric endowments as the QB position in football. Money could be used for recruiting QB, QB coach salary, QB equipment, scholarship for QB, etc but couldn't be used for a kicking net, for example. Donors can be pretty specific about how their money can be used. When I hit the lotto I'll be endowing the return of men's track and a seperate endowment for high jumpers.

Unfortunately, at this time I am not well endowed.

That's what she said.

That's kinda what I thought, but wasn't sure.

(01-20-2011 03:57 PM)axeme Wrote:  

(01-20-2011 03:53 PM)H2Oville Rocket Wrote:  

(01-20-2011 03:40 PM)MidnightBlueGold Wrote:  Pardon my ignorance, but what exactly is an endowment?

AS I understand it an endowment is a pot of money for a specific purpose- frequently one where the original fund is invested and where the principal is never touched and the interest is used to pay the bills. Some universities have such esoteric endowments as the QB position in football. Money could be used for recruiting QB, QB coach salary, QB equipment, scholarship for QB, etc but couldn't be used for a kicking net, for example. Donors can be pretty specific about how their money can be used. When I hit the lotto I'll be endowing the return of men's track and a seperate endowment for high jumpers.

Unfortunately, at this time I am not well endowed.

That's what she said.

(01-20-2011 10:19 AM)axeme Wrote:  Kent has had an IPF since 1990, but the value of those is overstated mostly by those who don't have one but want one. It's nice to have, but it's not going to really change your football program. I have proof!

Not just for football though. If built right, these facilities can be used for the other teams (basketball, track, soccer, baseball, etc.).

If anything, the rest of the NIU teams need an IPF because outside of football, soccer, volleyball, baseball, and wrestling we aren't competitive enough in the rest of our sports.

(01-20-2011 03:53 PM)H2Oville Rocket Wrote:  

(01-20-2011 03:40 PM)MidnightBlueGold Wrote:  Pardon my ignorance, but what exactly is an endowment?

AS I understand it an endowment is a pot of money for a specific purpose- frequently one where the original fund is invested and where the principal is never touched and the interest is used to pay the bills. Some universities have such esoteric endowments as the QB position in football. Money could be used for recruiting QB, QB coach salary, QB equipment, scholarship for QB, etc but couldn't be used for a kicking net, for example. Donors can be pretty specific about how their money can be used. When I hit the lotto I'll be endowing the return of men's track and a seperate endowment for high jumpers.

Unfortunately, at this time I am not well endowed.

that explains a lot! :-)

(01-20-2011 10:56 AM)axeme Wrote:  

(01-20-2011 10:38 AM)DrTorch Wrote:  

(01-20-2011 10:19 AM)axeme Wrote:  It's nice to have, but it's not going to really change your football program. I have proof!

Kent doesn't have a football program, do they?

You tell me.

Your win last year helped Kent narrow BG's lead in the all time series to 55-17-6. Enjoy it cuz it doesn't happen very often.

(01-20-2011 09:18 PM)Falconfreak Wrote:  

(01-20-2011 10:56 AM)axeme Wrote:  

(01-20-2011 10:38 AM)DrTorch Wrote:  

(01-20-2011 10:19 AM)axeme Wrote:  It's nice to have, but it's not going to really change your football program. I have proof!

Kent doesn't have a football program, do they?

You tell me.

Your win last year helped Kent narrow BG's lead in the all time series to 55-17-6. Enjoy it cuz it doesn't happen very often.

Eh, we're doing all right this century. We'll grant you the last century.