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Message
re: LSU's Endowment Is Very Low
Posted on 9/20/17 at 11:07 am to atltiger6487
Posted on 9/20/17 at 11:07 am to atltiger6487
NOLA.Com article on LSU's poor fundraising efforts. LSU admits that they suck at fundraising; always have. It appears that there is no direction for the University; at least not a clear direction that Alumni can understand. How will my dollars be spent? How much is needed? Why is it needed? All of this needs to be answered. People aren't just going to throw money into a black hole.
By comparison, the TAF has done an excellent job of fundraising. Partially because we have to pay them for season tickets, but we can see the fruits of those donations.
Another issue is, who do we donate to? The Alumni Association? The LSU Foundation?
By comparison, the TAF has done an excellent job of fundraising. Partially because we have to pay them for season tickets, but we can see the fruits of those donations.
Another issue is, who do we donate to? The Alumni Association? The LSU Foundation?
This post was edited on 9/20/17 at 11:08 am
4
Posted on 9/20/17 at 11:09 am to SaulGoodman
I'm broke, sorry
Posted on 9/20/17 at 11:13 am to Geaux23
The University is without direction in fundraising because it is without direction generally.
I went to undergraduate school elsewhere and they do a great job of politely seeking funds. I graduated from LSU law and they ask for money occasionally, but not in a concerted way.
My undergraduate school has the largest endowment, but I give to them because I am confident they will use it well. I do not have such confidence in F. King Alexander or the BOS.
I went to undergraduate school elsewhere and they do a great job of politely seeking funds. I graduated from LSU law and they ask for money occasionally, but not in a concerted way.
My undergraduate school has the largest endowment, but I give to them because I am confident they will use it well. I do not have such confidence in F. King Alexander or the BOS.
Posted on 9/20/17 at 11:17 am to SaulGoodman
I donate towards LSU football because it generates enough money to find the rest of the schools athletics. If the football team stops being relevant, then it will start making less money and LSU will be in even more financial troubles than they already are.
Posted on 9/20/17 at 11:17 am to boxcarbarney
quote:Put a dollar amount on destroying Middleton Library and building a library outside the quad. Start with that and the funds will be pouring in.
It appears that there is no direction for the University; at least not a clear direction that Alumni can understand. How will my dollars be spent? How much is needed? Why is it needed? All of this needs to be answered.
Posted on 9/20/17 at 11:18 am to kingbob
quote:
People avoiding contributing directly to the university because F. King Alexander is a jackass who cannot be trusted with the money
What a convenient load of crap response. Here's the truth about Louisiana, we don't like paying for anything!!!!! Except maybe football and our leisure. For important things, as a whole, people in this state won't give any money. Blame F King all you want, but what about the lack of money during the 90's and even during the 2000's?
Posted on 9/20/17 at 11:19 am to kingbob
quote:
People avoiding contributing directly to the university because F. King Alexander is a jackass who cannot be trusted with the money. Most alumni simply donate to specific departments for specific projects so the money goes where it will actually do some good rather than pay for a 6 figure salary for a dozen unnecessary administrators and deans of diversity.
Nailed it!
Posted on 9/20/17 at 11:21 am to LSUgrad08112
I will start donating again when the morones are gone. As a once proud alumnus, I used to give very generously to LSU.
With Alleva and FKing around, no thansk!
With Alleva and FKing around, no thansk!
Posted on 9/20/17 at 11:21 am to LSUgrad08112
quote:
Louisiana misappropriates funds like no other. I'm sure that LSU would have an easier time getting endowment donations if our administration was halfway competent and could prove that they'd actually do something useful with the money. The only reason I donate to the black hole known as Louisiana bureaucracy is because my TAF fee is required for me to get my season tickets, so again, they'll get more money from me when our administration isn't filled with fricking morons.
Endowment funds are managed and distributed by the LSU Foundation. Not the University Administration.
And nearly all endowed funds are established for specified accounts and purposes (e.g. scholarship w/ criteria, professorship, or a specific program such as Tiger Band).
Posted on 9/20/17 at 11:24 am to KiwiHead
quote:
but what about the lack of money during the 90's and even during the 2000's?
LSU received a lot more state funding back then, was open enrollment, had lower tuition, and had a LOT higher enrollment. Basically, they weren't exactly hurting for money in the 90's and 2000's.
Posted on 9/20/17 at 11:24 am to kingbob
quote:
Most alumni simply donate to specific departments for specific projects so the money goes where it will actually do some good rather than pay for a 6 figure salary for a dozen unnecessary administrators and deans of diversity.
Endowed accounts support specific departments and projects. Not University Administration coffers.
Posted on 9/20/17 at 11:26 am to boxcarbarney
quote:
This. In the 17 Years since I've graduated, not once has LSU contacted me about donating. Not the alumni association nor the school itself. Perhaps if they let more of us know how to donate, and how the donations will be spent, they'd get a little more cheddar out of us.
They don't have updated contact information. I get called maybe once every six months.
Posted on 9/20/17 at 11:29 am to SaulGoodman
Lsu needs to compare itself to Alabama and Florida acedemicly
Need a recruiting team for out of state students
Need a recruiting team for out of state students
Posted on 9/20/17 at 11:32 am to boxcarbarney
quote:
It appears that there is no direction for the University; at least not a clear direction that Alumni can understand. How will my dollars be spent? How much is needed? Why is it needed? All of this needs to be answered. People aren't just going to throw money into a black hole.
LSU released their strategic plan this week.
Posted on 9/20/17 at 11:34 am to Dead Mike
quote:
They don't have updated contact information. I get called maybe once every six months.
The info they have on file for me is my mom's address and phone number. They have never called nor sent any mailers.
Posted on 9/20/17 at 11:37 am to Golfer
quote:
LSU released their strategic plan this week.
And how is this passed on to potential donors? Like I mentioned, I have never been contacted by LSU about donating. I'm willing to donate. But, if the university is not making me aware of their fundraising plans and goals, it's out of sight out of mind.
Posted on 9/20/17 at 11:40 am to kingbob
LA was swimming in money in the early and mid 00's. The Stelly Plan raised a lot of $ oil was booming and the state had all the post Katrina/Rita pouring in. Fast forward Stelly has been repealed, oil has crashed and federal $ money flow has stopped.
Not surprising the leaders of the state thought the party would never stop. And they got fricked when it all crumpled.
Not surprising the leaders of the state thought the party would never stop. And they got fricked when it all crumpled.
Posted on 9/20/17 at 11:44 am to Golfer
quote:
LSU released their strategic plan this week.
Link?
Posted on 9/20/17 at 11:47 am to kingbob
I can remember in the 1990's LSU had a problem with funding and it was Larry Bankston , a state senator from Baton Rouge, who commented that that LSU lacked the level of private donations that other state universities even in the south received . I can remember Bud Davis complaining about it
F King though is not the problem. The state legislature in recent years has felt it acceptable to cut higher ed funding anytime there is a budget issue. You can only hit up the likes of Jim Flores only so much .
I've mentioned before, that one way to solve this problem is to call a state constitutional convention in order to allow for adequate state funding....but we'll never do that. Butt that does not address why so many LSU alumni do not donate ANYTHING to the overall fund. I've been giving 2500 a year for the last 8 years and they absolutely kiss my arse because of it. I have a good friend who is a Tennessee grad and 2500 maybe gets you a thank you card
F King though is not the problem. The state legislature in recent years has felt it acceptable to cut higher ed funding anytime there is a budget issue. You can only hit up the likes of Jim Flores only so much .
I've mentioned before, that one way to solve this problem is to call a state constitutional convention in order to allow for adequate state funding....but we'll never do that. Butt that does not address why so many LSU alumni do not donate ANYTHING to the overall fund. I've been giving 2500 a year for the last 8 years and they absolutely kiss my arse because of it. I have a good friend who is a Tennessee grad and 2500 maybe gets you a thank you card
Posted on 9/20/17 at 11:50 am to Smalls
quote:
True. But our's is extremely weak for a state flagship.
State flagship of one of the poorest state economies in the Union. When your grads have to leave to make money, it makes it less likely they donate back to the program.
I also concur that LSU sucks at fundraising. I don't go very long without mailers from my wife's alma mater. I never hear from LSU.
I don't even know what LSU is doing year to year, besides shitty football commercials. Thankfully this year's isn't embarrassing.
This post was edited on 9/20/17 at 11:55 am
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