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re: Most recent SEC endowment rankings

Posted on 2/20/18 at 2:23 pm to
Posted by AUsteriskPride
Albuquerque, NM
Member since Feb 2011
18385 posts
Posted on 2/20/18 at 2:23 pm to
quote:

Texas A&M - 9.754 billion



Just bubbled up out of the ground.
Posted by Farmer1906
The Woodlands, TX
Member since Apr 2009
50383 posts
Posted on 2/20/18 at 2:25 pm to
Posted by NYCAuburn
TD Platinum Membership/SECr Sheriff
Member since Feb 2011
57002 posts
Posted on 2/20/18 at 2:26 pm to
quote:

Just bubbled up out of the ground.


Posted by randomways
North Carolina
Member since Aug 2013
12988 posts
Posted on 2/20/18 at 2:27 pm to
quote:


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 by GeorgeWest
Baton Rouge
Member since Nov 2013
13079 posts
Posted on 2/20/18 at 2:30 pm to
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.
Posted by OleManDixon
Lexington
Member since Jan 2018
9234 posts
Posted on 2/20/18 at 2:38 pm to
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 by Numberwang
Bike City, USA
Member since Feb 2012
13163 posts
Posted on 2/20/18 at 2:40 pm to
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 by hudjam11
Madison, MS
Member since Nov 2017
210 posts
Posted on 2/20/18 at 3:41 pm to
Mississippi St's number is more than Louisiana Tech had EVER.
Posted by ColoBama
The Kayng of College Fusball, CO
Member since Dec 2016
7433 posts
Posted on 2/20/18 at 3:46 pm to
quote:

quote:
14. Vecchio State - 470 million


We're growers, not showers



Posted by Wildcat In Germany
Metro Atlanta
Member since May 2017
3094 posts
Posted on 2/20/18 at 3:48 pm to
quote:

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 by Vecchio Cane
Ivory Tower
Member since Jul 2016
17743 posts
Posted on 2/20/18 at 3:49 pm to
quote:

We don't have a "system" either. It's just the University of Kentucky.


Is this part of being a commonwealth?
Posted by WestCoastAg
Member since Oct 2012
145146 posts
Posted on 2/20/18 at 3:53 pm to
quote:

Regardless, your claim doesn't hold up
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
This post was edited on 2/20/18 at 3:58 pm
Posted by Wildcat In Germany
Metro Atlanta
Member since May 2017
3094 posts
Posted on 2/20/18 at 3:57 pm to
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 by Vecchio Cane
Ivory Tower
Member since Jul 2016
17743 posts
Posted on 2/20/18 at 4:11 pm to
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 by SanAntoneAg
Alamo City
Member since Dec 2017
1753 posts
Posted on 2/20/18 at 4:13 pm to
"Commonwealth" means nothing. It's just the name that the state's constitution used instead of 'state'.
Posted by ZeusStamos
Atlanta
Member since Sep 2017
1567 posts
Posted on 2/20/18 at 4:20 pm to
quote:

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 by Wildcat In Germany
Metro Atlanta
Member since May 2017
3094 posts
Posted on 2/20/18 at 4:25 pm to
quote:

"Commonwealth" means nothing. It's just the name that the state's constitution used instead of 'state'.


Yes, I'm aware.
Posted by Wildcat In Germany
Metro Atlanta
Member since May 2017
3094 posts
Posted on 2/20/18 at 4:28 pm to
quote:

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 by Vecchio Cane
Ivory Tower
Member since Jul 2016
17743 posts
Posted on 2/20/18 at 4:29 pm to
quote:

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 by Farmer1906
The Woodlands, TX
Member since Apr 2009
50383 posts
Posted on 2/20/18 at 4:29 pm to
But they had Goku as an alumnus.
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