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re: Most recent SEC endowment rankings
Posted on 2/20/18 at 2:23 pm to Harry Rex Vonner
Posted on 2/20/18 at 2:23 pm to Harry Rex Vonner
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Texas A&M - 9.754 billion
Just bubbled up out of the ground.
Posted on 2/20/18 at 2:26 pm to AUsteriskPride
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Just bubbled up out of the ground.
Posted on 2/20/18 at 2:27 pm to AUsteriskPride
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Just bubbled up out of the ground.
Man, I can't wait for the oil to run out and vegetable oil and catfish power to take over. The rest of the SEC is gonna be so rich.
Posted on 2/20/18 at 2:30 pm to randomways
Here is an explanation of why the Ags have a $9 billion endowment. It's not simply because their alums give mucho dinero.
from Dallas Morning News in 2014
As the oil shale boom sweeps West Texas , the University of Texas and Texas A&M are reaping a windfall from what was once cattle grazing land. Over the past five years, the two university systems have seen their endowments grow by around 70 percent as oil revenue floods in at the rate of almost $1 billion a year. At a time most state universities are fighting just to maintain programs, UT and A&M are spending hundreds of millions a year on new construction projects while maintaining tuition costs routinely cited as among the most affordable in the nation.
“It’s a huge game changer and is something that no other university system has to this extent,” said James Huffines, a Dallas bank executive and University of Texas booster, who sat on the UT Board of Regents until 2010. “Just look around the campuses at all the new construction. A lot of it is supported by oil money, and those royalty payments should keep growing.”
At UT-Dallas, the impact is evident at every turn. Students mingle around a $60 million arts and technology center designed by the architect who designed Google’s headquarters in Silicon Valley. And cranes hover over the campus as $108 million in new lab space for neuroscientists and bioengineers begins to take shape.
Both projects were paid for with the state’s Permanent University Fund (PUF) money. Since 2009, UT-Arlington has received more than $41 million from the fund, money that contributed to a new engineering research complex. In November, UT Southwestern Medical Center was awarded $50 million toward a renovation of its West Campus that would expand classrooms and clinical space.
“We’ve built $600 million worth of academic and dormitory space in the last nine years. And we’ve got many hundreds of millions of dollars of new buildings we still need,” said UTD president David Daniel. “Without the PUF, that isn’t possible.”
The PUF provides endowments to UT and A&M far beyond what they could ever expect to raise from corporations and alumni. And the hundreds of millions the systems receive each year give them a financial cushion mitigating the need for tuition hikes. Texas has seen some tuition increases over the years, but at less than $10,000 a year for residents, the University of Texas at Austin remains one of the better deals in the country.
from Dallas Morning News in 2014
As the oil shale boom sweeps West Texas , the University of Texas and Texas A&M are reaping a windfall from what was once cattle grazing land. Over the past five years, the two university systems have seen their endowments grow by around 70 percent as oil revenue floods in at the rate of almost $1 billion a year. At a time most state universities are fighting just to maintain programs, UT and A&M are spending hundreds of millions a year on new construction projects while maintaining tuition costs routinely cited as among the most affordable in the nation.
“It’s a huge game changer and is something that no other university system has to this extent,” said James Huffines, a Dallas bank executive and University of Texas booster, who sat on the UT Board of Regents until 2010. “Just look around the campuses at all the new construction. A lot of it is supported by oil money, and those royalty payments should keep growing.”
At UT-Dallas, the impact is evident at every turn. Students mingle around a $60 million arts and technology center designed by the architect who designed Google’s headquarters in Silicon Valley. And cranes hover over the campus as $108 million in new lab space for neuroscientists and bioengineers begins to take shape.
Both projects were paid for with the state’s Permanent University Fund (PUF) money. Since 2009, UT-Arlington has received more than $41 million from the fund, money that contributed to a new engineering research complex. In November, UT Southwestern Medical Center was awarded $50 million toward a renovation of its West Campus that would expand classrooms and clinical space.
“We’ve built $600 million worth of academic and dormitory space in the last nine years. And we’ve got many hundreds of millions of dollars of new buildings we still need,” said UTD president David Daniel. “Without the PUF, that isn’t possible.”
The PUF provides endowments to UT and A&M far beyond what they could ever expect to raise from corporations and alumni. And the hundreds of millions the systems receive each year give them a financial cushion mitigating the need for tuition hikes. Texas has seen some tuition increases over the years, but at less than $10,000 a year for residents, the University of Texas at Austin remains one of the better deals in the country.
Posted on 2/20/18 at 2:38 pm to GeorgeWest
Not reading all of that. Not taking a swipe at you. Just don’t care about the world’s gayest pissing contest. And the Aggies won it? Shocking.
Posted on 2/20/18 at 2:40 pm to Harry Rex Vonner
I'm pretty sure UA-Fayetteville is over $1 billion. Alice Walton gave $120 million last year for the School of Art. Probably 80 million of that was for endowments.
Posted on 2/20/18 at 3:41 pm to Harry Rex Vonner
Mississippi St's number is more than Louisiana Tech had EVER.
Posted on 2/20/18 at 3:46 pm to Vecchio Cane
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quote:
14. Vecchio State - 470 million
We're growers, not showers
Posted on 2/20/18 at 3:48 pm to Harry Rex Vonner
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5. Kentucky - 1.28 billion
We don't have a "system" either. It's just the University of Kentucky.
This post was edited on 2/20/18 at 3:49 pm
Posted on 2/20/18 at 3:49 pm to Wildcat In Germany
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We don't have a "system" either. It's just the University of Kentucky.
Is this part of being a commonwealth?
Posted on 2/20/18 at 3:53 pm to randomways
quote:and neither does the inference that each of the 11 schools gets an equal share. cause that is just absolutely ridiculous. UT has an endowment over 3.5 billion and they get more of the PUF than we do, and they split a larger system endowment among fewer schools in the UT system. so our endowment is probably 2 billion or maybe a bit less
Regardless, your claim doesn't hold up
This post was edited on 2/20/18 at 3:58 pm
Posted on 2/20/18 at 3:57 pm to Vecchio Cane
quote:
Is this part of being a commonwealth?
No? Massachusetts is a Commonwealth and UMASS has a university system. Pennsylvania is a Commonwealth and Penn State has a university system. Virginia is a Commonwealth, but none of their large universities have systems.
Posted on 2/20/18 at 4:11 pm to Wildcat In Germany
quote:
No? Massachusetts is a Commonwealth and UMASS has a university system. Pennsylvania is a Commonwealth and Penn State has a university system. Virginia is a Commonwealth, but none of their large universities have systems.
So, it's to ensure that there is no chance of sharing anything with those no-class line beards from Louisville. Smart. I can appreciate that
Posted on 2/20/18 at 4:13 pm to Wildcat In Germany
"Commonwealth" means nothing. It's just the name that the state's constitution used instead of 'state'.
Posted on 2/20/18 at 4:20 pm to Harry Rex Vonner
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10. Alabama - 683.2 million
11. South Carolina - 655.5 million
12. Auburn - 646.6 million
13. Ole Miss - 606.4 million
14. Vecchio State - 470 million
There's a private 1st-12th grade school in Atlanta that has an endowment of 274 million dollars. So this shite is just embarrassing.
Posted on 2/20/18 at 4:25 pm to SanAntoneAg
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"Commonwealth" means nothing. It's just the name that the state's constitution used instead of 'state'.
Yes, I'm aware.
Posted on 2/20/18 at 4:28 pm to Vecchio Cane
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So, it's to ensure that there is no chance of sharing anything with those no-class line beards from Louisville. Smart. I can appreciate that
Not necessarily, but it's a good thing. Their endowment is much smaller at $715.7 million.
The crazy thing about Kentucky universities is that tiny little Berea college, home to 1,600 students, has an endowment of over a billion dollars.
Posted on 2/20/18 at 4:29 pm to ZeusStamos
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There's a private 1st-12th grade school in Atlanta that has an endowment of 274 million dollars. So this shite is just embarrassing.
The Kamehameha School in Hawaii was over $11 billion a few years ago
Posted on 2/20/18 at 4:29 pm to Vecchio Cane
But they had Goku as an alumnus.
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