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W&M Recieves ~$24Million Gift from Zable estate...
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CharlestonDuke Offline
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Post: #21
W&M Recieves ~$24Million Gift from Zable estate...
I deal with 4-5 big time ACC donors. These guys donate over $10,000-$20,000 per year. They are all surgeons and make between $500K and $1M per year. That is the level of annual income I typically see for $10k donations to schools. JMU simply does not have those type of alumni.

For example Clemson isn't the best school, but it does have multi generation traditions. It will take another generation for JMU to get to that point.

For those math deficient folks on the board $20k is to $1m as $2k is to $100k. I know I don't give $2k per year because I could never justify the expense. I'd rather defer to my 401k or ROTH IRA.
04-16-2013 06:10 AM
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rufus Offline
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Post: #22
RE: W&M Recieves ~$24Million Gift from Zable estate...
I'm going to disagree a bit with that statement. People who make $500,000 to $1 million do obviously include surgeons and lawyers, and without a law school or med school, JMU is not going to have these kinds of donors to the same extent as some larger schools. But that income range also includes people like partners at accounting and consulting firms, SVP/EVP-level executives at large companies, and a mix of Wall Street types. With JMU's business programs, we have quite a number of alums that fall into those buckets, in addition the our alums that go into law and medicine.
(This post was last modified: 04-19-2013 02:21 PM by rufus.)
04-19-2013 02:20 PM
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brizzock Offline
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Post: #23
RE: W&M Recieves ~$24Million Gift from Zable estate...
If everyone donated 1% of their income to JMU.....one penny out of every dollar......we would have no funding issues whatsoever. I think there's a fair case to be made that JMU is deserving of 1% of a graduate's income.
04-19-2013 03:17 PM
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CharlestonDuke Offline
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Post: #24
W&M Recieves ~$24Million Gift from Zable estate...
(04-19-2013 02:20 PM)rufus Wrote:  I'm going to disagree a bit with that statement. People who make $500,000 to $1 million do obviously include surgeons and lawyers, and without a law school or med school, JMU is not going to have these kinds of donors to the same extent as some larger schools. But that income range also includes people like partners at accounting and consulting firms, SVP/EVP-level executives at large companies, and a mix of Wall Street types. With JMU's business programs, we have quite a number of alums that fall into those buckets, in addition the our alums that go into law and medicine.

If JMU had a law school, it wouldn't be a good one. This would literally be pissing tax money down a rat hole. Medical school is more interesting, but most students would go on to different schools rather than repeat the experience.

Either way JMU doesn't need a law school or medical school to raise its endowment.

I'd be curious how many partners of big accounting or consulting firms came from JMU. My guess is not many (if any) but would expect this to change over the next 20 years.

The guy I know from high school who is kissing 7 figures in Wall Street went to Harvard then Columbia. JMU is a good school, but we aren't exactly asking for perfect SAT scores.

Our best bet is to get a little from a lot of people. We have to change the culture by engaging the alumni. Sports is an easy way to do this, but we have a long way to go.

Can anyone make a multi dimensional graft to chart endowments by time? I'd like to look at factors like public or private, age of university, size of student body, number of living alumni, admissions criteria, athletic conference, and dollars spent of research. I would guess there is strong correlation between endowment size and these factors. If you factor in time and stock market performance things get really interesting.
(This post was last modified: 04-21-2013 06:18 AM by CharlestonDuke.)
04-21-2013 06:15 AM
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rufus Offline
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Post: #25
RE: W&M Recieves ~$24Million Gift from Zable estate...
(04-21-2013 06:15 AM)CharlestonDuke Wrote:  I'd be curious how many partners of big accounting or consulting firms came from JMU. My guess is not many (if any) but would expect this to change over the next 20 years.

Any? Seriously? I was with the consulting side of a Big Four firm for a while, and we literally had dozens of partners from JMU. And that's just at a single firm that doesn't have anywhere close to the JMU pipeline of say KPMG. You might not find many JMU alum with leadership roles at M/B/B consulting firms, but the Big Four accounting firms and second-tier consulting firms (Accenture, Deloitte, Booz, IBM) have notable numbers of JMU alumni in partner-level positions. And don't get caught up on the "second-tier" designation. Those partner-level positions still pay a half million plus on average.

The numbers of JMU alumni in those kinds of leadership positions may increase over time as our business school's enrollment grows, but it's not going to be night and day when compared to the current state. JMU already has more than its fair share of alumni in those types of positions, when considering our relatively modest alumni headcount.

That said, I agree with you on the law school point. The country has far too many law schools already, and JMU would not benefit from adding one. I would like to see us continue to improve our undergraduate business programs, with an increased emphasis on improving the finance program.
04-21-2013 01:49 PM
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