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Started By
Message
re: $4 million is market price
Posted on 11/28/12 at 8:16 pm to Adam Banks
Posted on 11/28/12 at 8:16 pm to Adam Banks
quote:
Total assets for LSU, LSU agcenter, AND the law school add up to 535 million.
Those are the funds managed by the Foundation.
You do realize we have two other foundations providing academic endowments to the university?
1
Posted on 11/28/12 at 8:20 pm to Golfer
quote:
Those are the funds managed by the Foundation.
You do realize we have two other foundations providing academic endowments to the university?
Yes however the foundation is the primary manager of LSUs academic endowments. Finding public records on the totals of the others isnt easy. The highest number I found for Lsus total endowment 485 million. Nowhere close to the 700 you mentioned.
Posted on 11/28/12 at 8:21 pm to Adam Banks
quote:
The highest number I found for Lsus total endowment 485 million. Nowhere close to the 700 you mentioned.
LINK
regardless, this is a poor judge of LSU's "presence" given its financial history compared to those in other states like Texas.
This post was edited on 11/28/12 at 8:23 pm
Posted on 11/28/12 at 8:24 pm to Golfer
quote:
LINK
System endowment.
Posted on 11/28/12 at 8:26 pm to Adam Banks
quote:
System endowment.
You really think LSU Eunice and LSU Alexandria are bringing in $200M?
Posted on 11/28/12 at 8:28 pm to Golfer
quote:
You really think LSU Eunice and LSU Alexandria are bringing in $200M?
No but the two HSCs oughta be close. Hell Baylor College of medicine (a stand alone campus unrelated to baylor university BTW) beats the entire LSUs system endowment.
Posted on 11/28/12 at 8:33 pm to Adam Banks
quote:
No but the two HSCs oughta be close. Hell Baylor College of medicine (a stand alone campus unrelated to baylor university BTW) beats the entire LSUs system endowment.
Great. Comparing a private school's endowment to a public institution that JUST flipped its primary source of revenue to private funds 2 years ago.
This post was edited on 11/28/12 at 8:37 pm
Posted on 11/28/12 at 8:37 pm to Adam Banks
quote:
No shite. However the TAF etc. could set the tone and donate more back to the school and pay for 2-3 profressors salaries with that same amount of money that pays for Les' contract.
Actually without the stability Les brings I we probably lose 2-3 salaries worth of donated money.
Posted on 11/28/12 at 8:39 pm to LSUzealot
quote:
Actually without the stability Les brings I we probably lose 2-3 salaries worth of donated money.
Don't bring logic into this...
Posted on 11/28/12 at 8:41 pm to Golfer
quote:
Great. Comparing a private school's endowment to a public institution that JUST flipped its primary source of revenue to private funds 2 years ago.
Nice job shirking the primary subject. I was just commenting on the fact that a health sciences center that is a single campus and having known financial troubles beat a system of multiple campuses HSC law school etc.
Anyways the two HSCs+LSUA, E and S oughta come close to knocking on the 200 million
Posted on 11/28/12 at 8:43 pm to MFV
quote:
The raise doesn't bother me it's the extension. Things could go to shite much less we fall behind A&M and we would be stuck with him for at least five more years. It just dont see this thing as a positive for thuniversity.
The first problem is you list yourself as a UGA fan so what do you care. GTFO
Posted on 11/28/12 at 8:44 pm to Adam Banks
quote:
Nice job shirking the primary subject. I was just commenting on the fact that a health sciences center that is a single campus and having known financial troubles beat a system of multiple campuses HSC law school etc.
Its a fricking private school. Their ONLY source of revenue is from tuition and donations. How complicated is this.
You keep hounding LSU for their shitty endowment without taking into consideration any other influences to that.
Posted on 11/28/12 at 8:49 pm to Adam Banks
It is market value. I don't have a problem with him playing with Arky and LSU to get more money. Les is just doing what most coaches do. Les doesn't need to insult people's intelligence and make comments like he is a middle class working man trying to send his kids to college. Just don't talk about money. It's not necessary.
Posted on 11/28/12 at 8:52 pm to LSUzealot
quote:
Actually without the stability Les brings I we probably lose 2-3 salaries worth of donated money.
Hmm. Because UGA pays richt >1.5 million less but makes 5 million more. Also you missed the entire point of what Ive been talking about. The university makes football a priority people give out their arse to TAF. The people of Louisiana and LSU's alumni in general arent the Waltons the Tysons etc. Its moderately well off people who choose, for the most part, to donate a certain amount. LSU can at the drop of a hat get windows on tiger stadium funded and new south endzone luxury boxes sold out. However its pulling teeth to get the actual university the funds it needs. I believe in part because LSU has shown its priorities. We can spend whatever whenever and rally the troops to get a coach. It doesnt do the same for education. Ask youself. Is this a pro team? Where does it stop? 1 decade ago we were outraged at paying saban 1 million. Now we are supposed to drop 4.25 without asking questions?
Posted on 11/28/12 at 8:52 pm to Adam Banks
quote:
The school is in a budget crisis and it continues to set a tone that LSU cares more about football than its true mission-education.
I'm an LSU student and I care more about how the football team does then the prestige my future diploma carries. At least at this moment.
Posted on 11/28/12 at 8:53 pm to Golfer
quote:
Golfer
Do you or do you not agree that LSUHSC NO+LSUHSC S together are bringing in ~200 million?
Posted on 11/28/12 at 8:58 pm to Adam Banks
quote:What does this even mean? Have you ever donated money to something in your life? If so, you realize the satisfaction of donating to something that is important to you - regardless of others' priorities.
How can you expect private donors to take the education side more seriously than football when the school doesnt. (Im sorry LSU athletics no matter how separate the finances are is still and always will be perceived as being part of the school)
Based on your posts, you probably figure that rich people should be donating more than they already do to charity and government, and it's not your problem.
Posted on 11/28/12 at 9:07 pm to Bayou Tiger
quote:
What does this even mean? Have you ever donated money to something in your life? If so, you realize the satisfaction of donating to something that is important to you - regardless of others' priorities.
No
Do you realize that we could get 5 million for a damn tiger cage but only 18 for the new business complex? Thats because LSU and TAF for whatever reason made it easy fun and broadcast from the rooftop the I Like Mike campaign but as for getting people to donate to the new complex? Maybe a 30 second promo during a TV timeout in the stadium.
ETA: I guess Im too idealistic and would hope people care about helping other people better themselves and make a real difference in this state. I guess not.
This post was edited on 11/28/12 at 9:09 pm
Posted on 11/28/12 at 9:19 pm to Adam Banks
quote:Man, this Obama mentality is permeating everything nowadays.
Do you realize that we could get 5 million for a damn tiger cage but only 18 for the new business complex? Thats because LSU and TAF for whatever reason made it easy fun and broadcast from the rooftop the I Like Mike campaign but as for getting people to donate to the new complex? Maybe a 30 second promo during a TV timeout in the stadium.
People have money, and they choose where they want to spend it or donate it. What do you want the LSU football team to do, hold a pep rally for the business complex? The people trying to fund the business complex need to do a better job of encouraging and enticing donors, or competing among other priorities in the LSU budget. Otherwise what makes you think we actually "need" a new $18 million dollar business complex?
The football team raises ticket prices every year, but LSU fans keep buying tickets and donating. That implies the fans are getting their money's worth, so everyone wins (yes, the same applies to their tiger cage donations).
Posted on 11/28/12 at 9:29 pm to Adam Banks
quote:
Do you realize that we could get 5 million for a damn tiger cage but only 18 for the new business complex? Thats because LSU and TAF for whatever reason made it easy fun and broadcast from the rooftop the I Like Mike campaign but as for getting people to donate to the new complex? Maybe a 30 second promo during a TV timeout in the stadium.
It was under $3M for the cage and it was primarily student contributions.
The only people that are going to donate to the business complex are alumni of the Ourso College and companies with a direct impact on the College. And guess when they went asking these people for most of the money? 2008.
Contrary to popular belief, business alum's aren't rolling in it compared to the likes of Engineering and Science.
Watch how quickly they get the $50M for the Engineering renovations...
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