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re: A&M's endowment is DOUBLE the rest of the west schools.......COMBINED!!
Posted on 1/21/15 at 3:07 pm to Old Sarge
Posted on 1/21/15 at 3:07 pm to Old Sarge
quote:
Very accurate, when the land was given it was basically worthless desert. Oil and Gas changed everything.
modern drilling techniques and ability to drill deeper made that land a great investment strategy of the day.
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Posted on 1/21/15 at 3:08 pm to UFownstSECsince1950
nice to see Mizzou in the top half of an SEC list, that isn't entirely related to academics.
Posted on 1/21/15 at 3:09 pm to Aman
quote:
How will this help them win SEC games?
In a few ways:
1. That money is used to pay for buildings and such on campus, which impresses recruits.
2. That money allowed us to lend half a billion dollars to upgrade our stadium, which impresses recruits.
3. That money keeps our overall academic rankings near the top of the SEC, which impresses recruits.
In summary, recruiting.
Posted on 1/21/15 at 3:09 pm to Aman
quote:
How will this help them win SEC games?
We don't have bag men, we drop off a tanker truck
Posted on 1/21/15 at 3:09 pm to UFownstSECsince1950
If only they had an athletic program to match.
Posted on 1/21/15 at 3:11 pm to UFownstSECsince1950
quote:
UFownstSECsince1950
Spend some of that cash moneys on maf tutors.
Posted on 1/21/15 at 3:12 pm to UFownstSECsince1950
Maybe this means A&M will start winning the SEC now.
Posted on 1/21/15 at 3:14 pm to UFownstSECsince1950
Im pretty sure University of Missouri system is higher than whats listed.
Posted on 1/21/15 at 3:23 pm to bgator85
quote:
How big is the A&M system?
This stuff plus a branch campus in Qatar plus a few professional schools in DFW purchased secondhand from other universities (the former Baylor college of dentistry, the former Texas Wesleyan law school)
This post was edited on 1/21/15 at 3:24 pm
Posted on 1/21/15 at 3:24 pm to cardboardboxer
No doubt. The state of Texas treated their schools well with oil money. Most states would have blown it. And I thought the systems endowment was closer to 13 billion?
This post was edited on 1/21/15 at 3:26 pm
Posted on 1/21/15 at 3:27 pm to AUCE05
If the state would have known then what they know now.....the land would never had been given.
Posted on 1/21/15 at 3:30 pm to Old Sarge
quote:
We don't have bag men, we drop off a tanker truck
Trucks are big but ROI is shite
Posted on 1/21/15 at 3:33 pm to AUCE05
Posted on 1/21/15 at 3:52 pm to Masterag
All that money plus a returning Heisman winner plus several first round NFL draft picks and go 4-4 in the SEC like a Mississippi school.
Posted on 1/21/15 at 3:56 pm to AUCE05
quote:
And I thought the systems endowment was closer to 13 billion?
The entire Texas System is 14b
.....still poor compared to Stanford
quote:
Stanford’s $21.4 billion endowment (as of Aug. 31, 2014) provides an enduring source of financial support for fulfillment of the university’s mission of teaching, learning and research.
Posted on 1/21/15 at 3:57 pm to cardboardboxer
quote:
So how much of that money is available to the athletic departments?
As much as you want to lend against. Helped us get that half billion dollar note for the stadium.
Now whoa whoa whoa, there, padnuh.
I realize that A&M's stable finances allowed it to sell $300-plus million in bonds for stadium upgrades at advantageous terms, but to imply, as you do, that A&M can borrow against, use the PUF as collateral, or fund athletics shortfalls from PUF money (that's the oil endowment for those reading), then you are full of shite.
It is against the law to spend PUF money on athletics, or state money period. That's another story, though. PUF money, or shall I say the interest accrued therewith (for the most part), can only finance academic construction.
Most (but not all, with notable exceptions) UT and A&M system schools are eligible for those construction funds. There are "excellence funds" that UT Austin, A&M College Station and Prairie View A&M receive, and as you could likely imagine, UT Austin gets the lion's share as the state's Constitutionally mandated "university of the first class."
All that money originally went to UT Austin, until oil was discovered. Dumbass Aggies sat around pointing at Bevo at their "worthless land," then screamed like bitches to get the law changed so they could get one-third.
Edit: I edited my post because PUF construction can only be for academics; there have been exceptions, notably the University of Texas putting 11 floors of classrooms under the new upper deck of the stadium in the early 1970s so they could use PUF money.
This post was edited on 1/21/15 at 4:01 pm
Posted on 1/21/15 at 4:27 pm to texashorn
Here we go. You just knew their ego wouldn't allow the horn lurkers to not post. 
Posted on 1/21/15 at 4:29 pm to AUCE05
quote:
And I thought the systems endowment was closer to 13 billion?
It fluctuates with the oil price. Most of it is liquid but not liquid, if you catch my drift.
Posted on 1/21/15 at 4:34 pm to texashorn
quote:
I realize that A&M's stable finances allowed it to sell $300-plus million in bonds for stadium upgrades at advantageous terms, but to imply, as you do, that A&M can borrow against, use the PUF as collateral, or fund athletics shortfalls from PUF money (that's the oil endowment for those reading), then you are full of shite.
I never said we could spend the money on athletics, but our finances helped us get that loan. That was what I mean by "borrow against." And as I know you know, We HAVE borrowed DIRECTLY against our university money for the AD so it can be done. We just structured the loan to get around the law.
quote:
PUF money, or shall I say the interest accrued therewith (for the most part), can only finance academic construction.
That is what I said. PUF money helps us get big loans, and puts buildings on our campus. Oh and props up academics. I wasn't wrong.
Thank you for your two cents I guess. I pull you into more threads than all the other Aggies on here combined. I feel the love.
Posted on 1/21/15 at 4:35 pm to cardboardboxer
I'd be curious to see how A&M's endowment numbers look for FY 2015 (which I assume is a 6-30 year end).
I'm sure they won't be anywhere near underwater, but I bet they take quite a hit with the oil market tank job.
I'm sure they won't be anywhere near underwater, but I bet they take quite a hit with the oil market tank job.
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