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O'Neal Industries Donates $30M to UAB Comprehensive Cancer Center
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hooverblazer Offline
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Post: #1
O'Neal Industries Donates $30M to UAB Comprehensive Cancer Center
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.
12-05-2018 09:43 AM
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the_blazerman Offline
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RE: O'Neal Industries Donates $30M to UAB Comprehensive Cancer Center
Will be placed in an endowment fund where about $1.5 million a year can be used.
12-05-2018 10:08 AM
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BlazrDawg Offline
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RE: O'Neal Industries Donates $30M to UAB Comprehensive Cancer Center
(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
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mixduptransistor Offline
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RE: O'Neal Industries Donates $30M to UAB Comprehensive Cancer Center
(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
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GreenMississippi Offline
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RE: O'Neal Industries Donates $30M to UAB Comprehensive Cancer Center
(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.
12-12-2018 11:05 PM
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