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Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
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NDTiger Offline
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Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
Sounds like a monster fund raising campaign was approved yesterday at the board meeting. Normally these only go public, once 50% or more has been secured/committed. Any idea when the details will be shared? Is there a website where board meeting notes or ppt are shared for public viewing?

“The board also approved the leadership phase of a $600 million fundraising campaign to be divided equally between philanthropy and research grants.“
09-03-2020 11:10 AM
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Merrick Offline
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RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-03-2020 11:10 AM)NDTiger Wrote:  Sounds like a monster fund raising campaign was approved yesterday at the board meeting. Normally these only go public, once 50% or more has been secured/committed. Any idea when the details will be shared? Is there a website where board meeting notes or ppt are shared for public viewing?

“The board also approved the leadership phase of a $600 million fundraising campaign to be divided equally between philanthropy and research grants.“

02-13-banana02-13-banana02-13-banana
09-03-2020 11:54 AM
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tigergreen Offline
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RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
09-03-2020 01:51 PM
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pkptigers07 Offline
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RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
This isn’t the “going public” phase. This is just the approval of the leadership phase which means that this thing is just getting started.

It will be $300 million philanthropic and $300 million for sponsored research. Target date for the public phase is 2023 with campaign completion in 2026.

A big positive here is that they identified between $42-56 million in potential gifts just from the 47 donors they interviewed to assess the feasibility of the campaign. That’s a pretty nice chunk of the $300 million philanthropic goal.
09-03-2020 02:08 PM
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Bathtub Gin Offline
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RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
I assume this is for the Carnegie R1 status attempt
09-03-2020 02:28 PM
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yakko Offline
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RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
I remember when we were celebrating reaching 100M fundraising efforts. Great to see this.
09-03-2020 02:38 PM
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geosnooker2000 Offline
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RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-03-2020 02:28 PM)Bathtub Gin Wrote:  I assume this is for the Carnegie R1 status attempt

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09-03-2020 03:43 PM
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fsquid Offline
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RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-03-2020 03:43 PM)geosnooker2000 Wrote:  
(09-03-2020 02:28 PM)Bathtub Gin Wrote:  I assume this is for the Carnegie R1 status attempt

[Image: rexfeatures_5884066u-e1560793086476.jpg]
The Kinson scene in that movie is gold. Fing gold

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09-03-2020 04:07 PM
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k2tigers Offline
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RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
09-03-2020 04:43 PM
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fsquid Offline
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RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-03-2020 04:43 PM)k2tigers Wrote:  https://www.youtube.com/watch?v=Fj5k6toS7i8
Yes!

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09-03-2020 04:45 PM
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NDTiger Offline
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RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-03-2020 01:51 PM)tigergreen Wrote:  https://mediasite.memphis.edu/Mediasite/...9b1880b21d

Thank you for sharing. I listened to the audio, but no details were shared about the campaign. I believed they referenced and internal presentation. Any ideas if/when that will be public? $600M will be transformative for the UofM. Also, the speaker referenced utilization for research - academia - athletics.
09-03-2020 05:18 PM
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geosnooker2000 Offline
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RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
"Remember!... You're a (Carnegie) Mellon!"
(This post was last modified: 09-03-2020 05:20 PM by geosnooker2000.)
09-03-2020 05:20 PM
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geosnooker2000 Offline
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RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
Taking the fact that this is our alma matre out of it, $600M is an asinine amount money to be corralling out of the economy for use in higher education. I mean, we gotta do it to keep up with the Joneses, but all this inevitably does is raise the price of college tuition. It "feeds the beast" so to speak.
09-03-2020 05:27 PM
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tkgrrett Offline
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RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-03-2020 05:27 PM)geosnooker2000 Wrote:  Taking the fact that this is our alma matre out of it, $600M is an asinine amount money to be corralling out of the economy for use in higher education. I mean, we gotta do it to keep up with the Joneses, but all this inevitably does is raise the price of college tuition. It "feeds the beast" so to speak.

Its usually over a very long period of time (likely a decade).. think of it more like $60-80M a year.. and half of that is in research grants which generally have either a specific purpose or are focused on valuable basic research.. so really just $30-40m per year "out of the economy" (whatever that means). For context the big boys like Harvard/Stanford are in the $8-10 Billion range over a decade in their most recent campaigns and thats all philanthropic
09-03-2020 06:33 PM
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k2tigers Offline
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RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-03-2020 05:20 PM)geosnooker2000 Wrote:  "Remember!... You're a (Carnegie) Mellon!"

and throw in those multi colored charts and graphs too

A classic movie
09-03-2020 06:58 PM
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Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
“The football team at my high school, they were tough. After they sacked the quarterback, they went after his family.”

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09-03-2020 07:01 PM
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tnzazz Offline
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Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-03-2020 04:07 PM)fsquid Wrote:  
(09-03-2020 03:43 PM)geosnooker2000 Wrote:  
(09-03-2020 02:28 PM)Bathtub Gin Wrote:  I assume this is for the Carnegie R1 status attempt

[Image: rexfeatures_5884066u-e1560793086476.jpg]
The Kinson scene in that movie is gold. Fing gold

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Yes it is, but the whole movie is a comedy classic.

I still watch Kinison and Dangerfield videos on YouTube.


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09-03-2020 10:26 PM
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fsquid Offline
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Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
Say it, say it.

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09-03-2020 10:48 PM
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pkptigers07 Offline
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RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-03-2020 05:27 PM)geosnooker2000 Wrote:  Taking the fact that this is our alma matre out of it, $600M is an asinine amount money to be corralling out of the economy for use in higher education. I mean, we gotta do it to keep up with the Joneses, but all this inevitably does is raise the price of college tuition. It "feeds the beast" so to speak.

How much is truly coming out of the economy though? Probably not much of the $300 million in sponsored research. Your guess is as good as mine on the philanthropic gifts. If Fred Smith gives a hefty donation is that really money he would otherwise be spending on buying stuff that propels the economy? Or is he just selling off some FedEx shares?
09-03-2020 10:58 PM
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AlonsoWDC Offline
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RE: Board of Trustee Meeting Sept 2nd: New Fund Raising Campaign
(09-03-2020 10:58 PM)pkptigers07 Wrote:  
(09-03-2020 05:27 PM)geosnooker2000 Wrote:  Taking the fact that this is our alma matre out of it, $600M is an asinine amount money to be corralling out of the economy for use in higher education. I mean, we gotta do it to keep up with the Joneses, but all this inevitably does is raise the price of college tuition. It "feeds the beast" so to speak.

How much is truly coming out of the economy though? Probably not much of the $300 million in sponsored research. Your guess is as good as mine on the philanthropic gifts. If Fred Smith gives a hefty donation is that really money he would otherwise be spending on buying stuff that propels the economy? Or is he just selling off some FedEx shares?

Fair points.
09-03-2020 11:27 PM
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