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re: SEC University Endowments - FY 2016
Posted on 2/10/17 at 12:58 pm to Cooter Davenport
Posted on 2/10/17 at 12:58 pm to Cooter Davenport
quote:
The A&M system spending/fund allocation is like 90% Main Campus (which includes Galveston and Qatar) and 10% divided between the other schools.
You should be ashamed of yourself for trying to pull the wool over these rubes' eyes. First of all, your description belies what an endowment really is... the principal is never touched, only the investment proceeds.
But your 90 percent claim is not true. The Permanent University Fund (the oil money), of which the A&M System gets 1/3, pays out proceeds in the form of the Available University Fund (AUF). In general, that funding can only go toward academic construction.
It's not hard to look up how the AUF funds are split:
Texas A&M System AUF reports
For instance, the debt service allocation of the AUF proceeds in for FY 2016 shows the debt service allocation for the College Station campus at $41.7 million, followed by the Health Science Center with $13 million, Tarleton State with nearly $10 million, Prairie View A&M with nearly $8 million, the Ag Extension and Research services (both separate from A&M-College Station) receiving $5 million/$6 million, and so on and so forth.
In total, A&M System schools received $93.1 million.
$41.7 million divided by $93.1 million = 45 percent.
A&M-College Station and Prairie View A&M also receive additional "excellence funding," but College Station does not get 90 percent of that, either.
Lie, lie, lie.
2
Posted on 2/10/17 at 1:01 pm to texashorn
quote:
texashorn
quote:oh
Lie, lie, lie.
Posted on 2/10/17 at 1:01 pm to RT1941
quote:
So, how do we find out which schools are cooking the books just for appearance purposes for the annual publications, and which one's really are loaded?
Nobody is cooking the books, it is the way each school wants to report it.
As far as which schools are really loaded, start with A&M and work your way down.
Posted on 2/10/17 at 1:04 pm to Triple Daves
I think this question came up in this thread: What is the relationship between the number of students and endowment?
I did my best to divide the endowment total by the number of students at each institution (system numbers in some cases). This changes the rankings a bit. LSU doesn't look so good in this instance.
**UPDATE: If you count the entire Arkansas system, then they have 60,000+ students, putting their per student number closer to $15, just below LSU and above USC. I also updated the Auburn numbers to include AUM, since the endowment numbers include AUM (from what I understand).
I want to add a caveat here: There's likely something to be said for economies of scale. Larger systems should be able to operate a little more cheaply and may not need as much money. That said, there is certainly a set of (private) institutions that serve a small number of students and that have huge endowments.
Here is the original list that was posted for comparison:
1. Texas A&M - $10.540B (entire system)
2. Vanderbilt - $3.822B
3. Florida - $1.461B
4. Missouri - $1.460B (entire system)
5. Alabama - $1.220B (entire system)
6. Kentucky - $1.118B
7. Tennessee - $1.100B (entire system)
8. Georgia - $1.017B
9. Arkansas - $898.9M
10. LSU - $781.8M(entire system)
11. South Carolina - $655.5M
12. Auburn - $646.6M
13. Ole Miss - $602.9M
14. Mississippi State - $444.5M
I did my best to divide the endowment total by the number of students at each institution (system numbers in some cases). This changes the rankings a bit. LSU doesn't look so good in this instance.
**UPDATE: If you count the entire Arkansas system, then they have 60,000+ students, putting their per student number closer to $15, just below LSU and above USC. I also updated the Auburn numbers to include AUM, since the endowment numbers include AUM (from what I understand).
I want to add a caveat here: There's likely something to be said for economies of scale. Larger systems should be able to operate a little more cheaply and may not need as much money. That said, there is certainly a set of (private) institutions that serve a small number of students and that have huge endowments.
Here is the original list that was posted for comparison:
1. Texas A&M - $10.540B (entire system)
2. Vanderbilt - $3.822B
3. Florida - $1.461B
4. Missouri - $1.460B (entire system)
5. Alabama - $1.220B (entire system)
6. Kentucky - $1.118B
7. Tennessee - $1.100B (entire system)
8. Georgia - $1.017B
9. Arkansas - $898.9M
10. LSU - $781.8M(entire system)
11. South Carolina - $655.5M
12. Auburn - $646.6M
13. Ole Miss - $602.9M
14. Mississippi State - $444.5M
This post was edited on 2/10/17 at 4:32 pm
Posted on 2/10/17 at 1:04 pm to WestCoastAg
Know how I can tell you read every word I wrote? 
Edit: And why the downvote?
Edit: And why the downvote?
This post was edited on 2/10/17 at 1:06 pm
Posted on 2/10/17 at 1:05 pm to johnfredlsu
quote:
I think this question came up in this thread: What is the relationship between the number of students and endowment?
That's a pretty interesting and reasonable sounding metric. And, of course, private schools like Vanderbilt are going to inevitably have a much higher ratio. Of course, endowments generally don't have much to do with operating expenses, as they are usually used for building projects, scholarships, endowed chairs, etc, but it's still a good metric to get an idea of $ per student.
Good stuff.
This post was edited on 2/10/17 at 1:08 pm
Posted on 2/10/17 at 1:05 pm to texashorn
i read zero, because this is a subject i know nothing about,. but considering you are posting about a&m, like always, im just assuming you are lying, like always
Posted on 2/10/17 at 1:06 pm to Triple Daves
Ole Miss's also has UMMC lumped into their endowment.
Posted on 2/10/17 at 1:07 pm to WestCoastAg
Well if I'm lying, then the Texas A&M System lied in its report. Go click the link, pull up the PDF, turn your head sideways and look for yourself.
Posted on 2/10/17 at 1:08 pm to texashorn
quote:And there goes the thread.
texashorn
Posted on 2/10/17 at 1:08 pm to texashorn
quote:probably
Well if I'm lying
Posted on 2/10/17 at 1:09 pm to corndawg85
I'm pretty sure I included the total number of students from Ole Miss and the medical center in work I did to divide the endowments up by number of students.
Posted on 2/10/17 at 1:15 pm to Triple Daves
quote:
There aren't many quick links. It's a pretty complicated subject, even for professionals who only deal with it. However, the baseline definition of a donor intended endowment is pretty black and white, as is the requirement for where it is to be reported.
I skimmed over them. First of all, they are Accounting Practices that do not reflect the wealth of an individual school. Which was my original Post.
Second of all, they are not a law, but an accepted practice accepted in State Law by 49 States. The standards vary from State to State. Which tells me that each state can tailor it to fit their own agenda.
Posted on 2/10/17 at 1:18 pm to Irons Puppet
quote:
First of all, they are Accounting Practices that do not reflect the wealth of an individual school
These reports are based off of each schools financial reports, and the financial reports are all audited and attested to as conforming with Generally Accepted Accounting Principles. That's the way audits work.
Also - I never claimed they indicated the "wealth" of a school. I said it was the school's endowment. If you thought "endowment" = "wealth", then that's your individual prism, not mine.
quote:
Second of all, they are not a law, but an accepted practice accepted in State Law by 49 States. The standards vary from State to State. Which tells me that each state can tailor it to fit their own agenda.
What? That's not true. At all. Endowments are signed contracts and FASB has rules that dictate how financial statements should recognize those gifts given as endowments. It applies nationwide. Each state does not have their own accounting standards.
I'm not trying to be difficult, but you should accept the fact that what I am telling you is true. Because it is.
This post was edited on 2/10/17 at 1:22 pm
Posted on 2/10/17 at 1:18 pm to Irons Puppet
Why does the Univ of Texas manage aTm aggies endowment?
Posted on 2/10/17 at 1:25 pm to Triple Daves
quote:
Second of all, they are not a law, but an accepted practice accepted in State Law by 49 States. The standards vary from State to State. Which tells me that each state can tailor it to fit their own agenda. What? That's not true. At all. Endowments are signed contracts and FASB has rules that dictate how financial statements should recognize those gifts given as endowments. It applies nationwide. Each state does not have their own accounting standards. I'm not trying to be difficult, but you should accept the fact that what I am telling you is true. Because it is.
I was just referencing what was in the White Paper. Again we are talking different colors of money for accounting purposes, and how each are reported. It is not a complete reflections on the wealth of a NFP.
Posted on 2/10/17 at 1:25 pm to Irons Puppet
quote:
It is not a complete reflections on the wealth of a NFP.
No - it isn't. Agreed.
This post was edited on 2/10/17 at 1:26 pm
Posted on 2/10/17 at 1:31 pm to Irons Puppet
quote:WTF Puppet?
Second of all, they are not a law, but an accepted practice accepted in State Law by 49 States. The standards vary from State to State. Which tells me that each state can tailor it to fit their own agenda.
You earned an education and degree from Auburn University, right?
This post was edited on 2/10/17 at 1:32 pm
Posted on 2/10/17 at 1:34 pm to Triple Daves
quote:Poor Puppet has been "mislead" by someone. You are a champ for trying to enlighten/educate him though.
Triple Daves
Posted on 2/10/17 at 1:43 pm to RT1941
Poor fricked up 1941, doesn't understand how laws are written. Doesn't understand the difference of a White Paper and a Law, a Practice and a Law and what authority each has.
This post was edited on 2/10/17 at 1:44 pm
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