https://www.wm.edu/news/stories/2021/wil...t-1.3b.php

Not directly athletics related, but glad to see the College is doing well financially, especially coming out of the pandemic

Good news! Now, do you think they'd miss a little off the top, for the Kap redo??

(12-08-2021 11:42 AM)billymac Wrote:  Good news! Now, do you think they'd miss a little off the top, for the Kap redo??

Instead of a redo, can we burn down Kap for the insurance money and build a new building?

(12-08-2021 12:11 PM)Rocco Wrote:  

(12-08-2021 11:42 AM)billymac Wrote:  Good news! Now, do you think they'd miss a little off the top, for the Kap redo??

Instead of a redo, can we burn down Kap for the insurance money and build a new building?

* Accidental fire caused by faulty electrical equipment

There, fixed it.

My reading of this was that they did really well investing last year, this just give me another reason to hope equity market doesn't collapse.

While $1.3 billion sounds like a lot, it's poor compared to UVa ($14.5 billion), UR ($2.41 billion) or even VCU ($1.99 billion). At least we're not JMU ($116 million) or ODU ($265 million). With the coming baby bust, and given the general skepticism about incurring huge debt to attend lower tier schools, those two are in big trouble.

(12-08-2021 12:44 PM)NC Tribe Wrote:  My reading of this was that they did really well investing last year, this just give me another reason to hope equity market doesn't collapse.

And it gives me something to think about the next time they call me for money.

All major endowments had great ROI this year. Unfortunately what goes up must come down. The endowment still needs to be fortified to deal with the baby dearth and general skepticism re: liberal arts.


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(12-08-2021 01:34 PM)TribeFan1983 Wrote:  While $1.3 billion sounds like a lot, it's poor compared to UVa ($14.5 billion), UR ($2.41 billion) or even VCU ($1.99 billion). At least we're not JMU ($116 million) or ODR ($265 million). With the coming baby bust, and given the general skepticism about incurring huge debt to attend lower tier schools, those two are in big trouble.

It's important to look at endowment/funding per student and to recognize that private schools have historically had much larger endowments. We do pretty well with other top east coast public schools and our Virginia peers (based on Wiki's numbers). Endowment per student:

UVA has about $580k/student
W&M about $148k/student
UNC-CH about $133k/student
VCU about $69k/student
GT about $59k/student
UF about $41k/student
VT about $37k/student
UGA about $35k/student

(12-08-2021 12:20 PM)mrjoolius Wrote:  

(12-08-2021 12:11 PM)Rocco Wrote:  

(12-08-2021 11:42 AM)billymac Wrote:  Good news! Now, do you think they'd miss a little off the top, for the Kap redo??

Instead of a redo, can we burn down Kap for the insurance money and build a new building?

* Accidental fire caused by faulty electrical equipment

There, fixed it.

I've got all this accelerant in my shed that was part of the plan to torch Zable for insurance money. I'd hate for it to go to waste.

(12-08-2021 02:51 PM)TribeNiner Wrote:  

(12-08-2021 01:34 PM)TribeFan1983 Wrote:  While $1.3 billion sounds like a lot, it's poor compared to UVa ($14.5 billion), UR ($2.41 billion) or even VCU ($1.99 billion). At least we're not JMU ($116 million) or ODU ($265 million). With the coming baby bust, and given the general skepticism about incurring huge debt to attend lower tier schools, those two are in big trouble.

It's important to look at endowment/funding per student and to recognize that private schools have historically had much larger endowments. We do pretty well with other top east coast public schools and our Virginia peers (based on Wiki's numbers). Endowment per student:

UVA has about $580k/student
W&M about $148k/student
UNC-CH about $133k/student
VCU about $69k/student
GT about $59k/student
UF about $41k/student
VT about $37k/student
UGA about $35k/student

True, but W&M only gets 10.1% of its funding from VA. By comparison, GA Tech gets 34%, VA Tech 30% & U Georgia 27.3%. We're much closer to a private university than a public one.

(12-09-2021 11:50 AM)TribeFan1983 Wrote:  

(12-08-2021 02:51 PM)TribeNiner Wrote:  

(12-08-2021 01:34 PM)TribeFan1983 Wrote:  While $1.3 billion sounds like a lot, it's poor compared to UVa ($14.5 billion), UR ($2.41 billion) or even VCU ($1.99 billion). At least we're not JMU ($116 million) or ODU ($265 million). With the coming baby bust, and given the general skepticism about incurring huge debt to attend lower tier schools, those two are in big trouble.

It's important to look at endowment/funding per student and to recognize that private schools have historically had much larger endowments. We do pretty well with other top east coast public schools and our Virginia peers (based on Wiki's numbers). Endowment per student:

UVA has about $580k/student
W&M about $148k/student
UNC-CH about $133k/student
VCU about $69k/student
GT about $59k/student
UF about $41k/student
VT about $37k/student
UGA about $35k/student

True, but W&M only gets 10.1% of its funding from VA. By comparison, GA Tech gets 34%, VA Tech 30% & U Georgia 27.3%. We're much closer to a private university than a public one.

Why does Tech get 30% and W&M only gets 10%? What percentages do other Virginia state schools get? Seems to me that the W&M administration should be spending less time asking me for money and more time asking the state for it (to get a percentage at least comparable to Tech or UVa).

About a decade ago UVA and W&M worked out a deal with the state where they would receive less state funding in exchange for more autonomy in decision making and more autonomy in setting tuition. This deal gave the two schools more flexibility to operate
similar to elite private universities. At least this is my best recollection of what happened back then.

(12-09-2021 12:22 PM)DSL Wrote:  About a decade ago UVA and W&M worked out a deal with the state where they would receive less state funding in exchange for more autonomy in decision making and more autonomy in setting tuition. This deal gave the two schools more flexibility to operate
similar to elite private universities. At least this is my best recollection of what happened back then.

Thanks. That does sound familiar now that you mention it.

For those hoping for a W&M move to the A10, consider the following measly endowments: Duquesne: $472M; St. Joe's: $293.8M; La Salle U: $80M (and a BB credit rating); St. Bonaventure: $74M. How do you fund membership in a far-flung sports conference with no money? Maybe there will be an opening soon.

(12-09-2021 12:22 PM)DSL Wrote:  About a decade ago UVA and W&M worked out a deal with the state where they would receive less state funding in exchange for more autonomy in decision making and more autonomy in setting tuition. This deal gave the two schools more flexibility to operate
similar to elite private universities. At least this is my best recollection of what happened back then.

This sounds about what you were mentioning: https://www.dailypress.com/news/dp-xpm-2...story.html

(12-09-2021 02:04 PM)jonaerose Wrote:  

(12-09-2021 12:22 PM)DSL Wrote:  About a decade ago UVA and W&M worked out a deal with the state where they would receive less state funding in exchange for more autonomy in decision making and more autonomy in setting tuition. This deal gave the two schools more flexibility to operate
similar to elite private universities. At least this is my best recollection of what happened back then.

This sounds about what you were mentioning: https://www.dailypress.com/news/dp-xpm-2...story.html

You are correct. The only problem is the state pols kept sticking their nose in & changing the rules