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re: Student Acceptance Rate (SEC schools)
Posted on 7/6/23 at 9:57 am to BurntOrangeMan
Posted on 7/6/23 at 9:57 am to BurntOrangeMan
quote:
Actually A&M's endowment is under $3M. They deceivingly report assets from The University PUF, of which UT established and built to great fame by discovering oil on State assigned lands in West Texas aka the University Lands.
UT did not establish the PUF, moron. Go do a bit of reading.
The State legislature set it up in 1876. UT-Austin wouldn't open its doors until 1883.
The state had set aside some West Texas land for the school that might get built at some point and then changed its mind and set it up as a sort of sovereign wealth fund with more flexible funding mandates.
The only reason the land got there was that the Union Pacific though the land too remote and useless for surveying. The state luckily backed into very valuable mineral rights on the land and here we are. That is not genius anymore than Jed Clampett was a shrewd operator.
And Texas A&M has a separate endowment with $2.3 Billion in Assets. That is an easy google search as well.
Posted on 7/6/23 at 2:03 pm to Windy City
quote:
Actually A&M's endowment is under $3M. They deceivingly report assets from The University PUF, of which UT established and built to great fame by discovering oil on State assigned lands in West Texas aka the University Lands.
Assets of the PUF dumbfrick.
quote:
And Texas A&M has a separate endowment with $2.3 Billion in Assets. That is an easy google search as well.
Thank you for making my point.
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