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Message
re: LSU's Endowment Is Very Low
Posted on 9/21/17 at 12:24 pm to boxcarbarney
Posted on 9/21/17 at 12:24 pm 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.
I still remember about 2 weeks after graduation I got a letter in the mail from them. It told me congratulations on graduation which included a return envelope saying "you are officially an alumni, don't forget to donate!"
0
Posted on 9/21/17 at 12:32 pm to SaulGoodman
Thank you for this post. I just donated.
I live out of state, but I have LSU to thank for my education and career. My dad was a prof there for 40+ years. Between my two siblings, parents, and myself, we have 8+ LSU degrees.
LSU and the state of Louisiana may be going through a rough financial patch now, but both will bounce back.
It's up to us alumni to help out. I'll forever be a tiger.
I live out of state, but I have LSU to thank for my education and career. My dad was a prof there for 40+ years. Between my two siblings, parents, and myself, we have 8+ LSU degrees.
LSU and the state of Louisiana may be going through a rough financial patch now, but both will bounce back.
It's up to us alumni to help out. I'll forever be a tiger.
Posted on 9/21/17 at 12:46 pm to SaulGoodman
Just a little perspective:
Columbia University's undergraduate enrollment is 6000 with an endowment of $9 Billion with all Division 1 sports except football.
LSU's Undergraduate enrollment is 31,000 with an endowment of only $500 million with all Division 1 sports, including football which is about as good as Columbia's football team right now.
Columbia University's undergraduate enrollment is 6000 with an endowment of $9 Billion with all Division 1 sports except football.
LSU's Undergraduate enrollment is 31,000 with an endowment of only $500 million with all Division 1 sports, including football which is about as good as Columbia's football team right now.
This post was edited on 9/21/17 at 2:38 pm
Posted on 9/21/17 at 1:02 pm to BoCoTiger
quote:
Thank you for this post. I just donated. I live out of state, but I have LSU to thank for my education and career. My dad was a prof there for 40+ years. Between my two siblings, parents, and myself, we have 8+ LSU degrees. LSU and the state of Louisiana may be going through a rough financial patch now, but both will bounce back. It's up to us alumni to help out. I'll forever be a tiger.
Glad to see a positive attitude among the pages of negative, ungrateful, entitled sounding posts.
A poster above said that a larger endowment improves a school's academic ranking. Whatever lifts LSU lifts everyone who has an LSU degree. A larger endowment would enable LSU to have some independence from the legislature.
And, if LSU hasn't asked you for money, that is not an excuse not to donate. Just join the alumni association and you'll get notice of lots of opportunities.
Posted on 9/21/17 at 1:21 pm to SaulGoodman
Just donated $360 plus 2x company match that's $1080
I'm no OT baller here
I'm no OT baller here
Posted on 9/21/17 at 1:22 pm to Jason9782003
quote:
Just donated $360 plus 2x company match that's $1080
Very nice of your company to match that. Two times!
Posted on 9/21/17 at 1:58 pm to Jason9782003
quote:Just looked into my company. Seems like it would match my donation up to 5k. Never thought of doing that.
Just donated $360 plus 2x company match that's $1080
Posted on 9/21/17 at 2:00 pm to kingbob
Get your facts straight, and don't make a stupid statement that it is all because of Alexander. LSU's endowment has never been large, and Louisiana is one of the poorer states in the US.
Posted on 9/21/17 at 2:27 pm to Shadowlink
quote:
Seems like it would match my donation up to 5k. Never thought of doing that.
Anyone that works for a corporation of any size, likely has a "Matching Gift" program... seriously, people need to know and understand this -- take advantage of the benefits your employer may provide.
In fact, you probably won't get "points" for them -- but since TAF is a "charity" for tax purposes, donations there too may be matched by employers.
It's very worth exploring -- the institutions you support could benefit with a match of 1:1, 2:1, a few even more.
Personally, my giving to LSU through the Flagship fund, Academic programs and the LSU Alumni Association far exceeds what I donate to TAF... but that's a choice and I support any and all alumni giving to LSU in whatever capacity... that's how an endowment is built. Long term sustained giving from the masses... and some really large donations from the few that have made a mint, and choose to share that wealth with the institution that in part helped them achieve that success.
Posted on 9/21/17 at 2:37 pm to LSU91MBA
It is clearly not all Alexander's fault.
What the La Legislature (and it Constitution) have done to higher education here is criminal.
Governor Roemer inflicted a lot of avoidable damage. However, Gov. Jindal's destruction makes everyone else look like amateurs.
What the La Legislature (and it Constitution) have done to higher education here is criminal.
Governor Roemer inflicted a lot of avoidable damage. However, Gov. Jindal's destruction makes everyone else look like amateurs.
Posted on 9/21/17 at 2:38 pm to Golfer
quote:
Every president of the LSU System has been an ex-officio member during their tenure.
Yea i know, he's trying to make it sound like LSU or its administration has no effect on the givings on the foundation.
Posted on 9/21/17 at 2:40 pm to KiwiHead
quote:
You sir, may in fact be the second biggest fool on this board. He's an ex officio member and does not have any more say in how things are used than any other board member.
I know what the frick an ex officio member is, but you made it sound like they are isolated from the LSU administration and make decisions outside of its influence. Thats just not true.
quote:
Sorry he messed up the jizz party you planned on having when Jimbo came to town.....you do know that Jimbo was NEVER coming to BR.....don't you?
WTF are you talking about? I don't give two shits about Jimbo Fisher or any coaches we hire.
Posted on 9/21/17 at 2:42 pm to barry
quote:
Yea i know, he's trying to make it sound like LSU or its administration has no effect on the givings on the foundation.
Unless the endowed fund is for something that the Chancellor has control of, FKA can't do anything with it. So for people to act like he can just sweep in as President/Chancellor and take scholarship endowement accounts for, say, the College of Education and use them elsewhere is incorrect.
This post was edited on 9/21/17 at 2:44 pm
Posted on 9/21/17 at 2:53 pm to barry
quote:
I know what the frick an ex officio member is, but you made it sound like they are isolated from the LSU administration and make decisions outside of its influence. Thats just not true.
So then maybe you can elucidate us on what Alexander has done from the school standpoint that irks you so much that you just cannot stomach giving to the school for academics. Please be specific.....and the whole Les Miles thing does not count
Posted on 9/23/17 at 3:06 am to logjamming
quote:
LSU is a mess. I'm sorry. I love my alma mater, but the administration has been a total mess since O'Keefe left
The LSU foundation has been low for some time. Louisiana is so dirt poor and the many of the grads have migrated to Texas, Atlanta and other points outside the state. Problem is little of their dollars are flowing into the LSU foundation instead much of their discretionary allocated dollars are flowing into TAF. Other states many of the corporations fuel the University Foundations especially with matching $$ Louisiana is bear for major state based Fortune 1000 corporations.
Sad to say, If I was a senior in high school, I don't think I would go to LSU. Even the kids of out of state alumni going to LSU is trending down now. With all the positives that were made from 1999-2010 have quickly evaporated. I was in school with the Bud Davis mess that brought us Emmert the genius who performed the Great LSU reset. Now The state is a shite show mess and LSU's hierarchy is one big dysfunctional train wreck right now.
If Every LSU alum considering it's size would just donate $50 annually, the endowment would have significant growth. I am both a member of the LSU alumni association and a Texas Ex. 10 % of my annual donation to Texas Ex goes into the Texas Endowment. Doesn't sound like a lot but with the Texas base of alums it adds up. I was shocked that UGA's endowment isn't larger. Bama's is huge for it's tier.
This post was edited on 9/23/17 at 3:25 am
Posted on 9/23/17 at 3:16 am to BBJ
quote:
Alabama
That is not saying much. LSU needs to compare itself more to UGA than anything.
Posted on 9/23/17 at 3:18 am to KiwiHead
quote:
All the Alumni Foundation is good for is throwing parties on game day
The LSU foundation and the Alumni Association are separate entities. The LSU alumni association does award annual scholarships. Could they do more for the academic side? Sure.
Posted on 9/23/17 at 3:20 am to BlackAdam
quote:
all those fees are present in Austin.
I live in Austin and also a TX ex. The fees are in fact worse in Austin
Posted on 9/23/17 at 3:28 am to dguidry
quote:
Columbia University's undergraduate enrollment is 6000 with an endowment of $9 Billion with all Division 1 sports except football
Yeah but look at the jobs that Columbia grads are getting and what jobs they eventually get. Their alumni network delivers better than most in the U.S. and the world. There are many Columbia grads like Harvard grads are in senior management for many Fortune 500 companies, head legal counsel for many major global corporations and top firms, hedge fund managers, to senior management of major Wall St. brokerage houses, asset management, commodities, and investment banks. Columbia grads also hold high positions in Federal government.
This post was edited on 9/23/17 at 3:33 am
Posted on 6/4/18 at 2:46 pm to boxcarbarney
I'm bumping this thread.
I started donating to the LSU Foundation weekly since reading this thread and investigating the Foundation itself. 8 months after I started donating, I finally received a call from the Foundation.
It was a student worker who called me. He read me the script, and I humored him. Basically asking if I could donate more.
I told him I would look into it.
My issue here is that I have never received any information on donating to the University until I actually started donating to the University. I graduated from LSU in 2000 (with Shaq). In 18 years, LSU has never contacted me. They have never let me know that the endowment needs help. I never realized that the LSU Foundation was a thing until I saw this thread back in September.
I really wish LSU would get their house in order, and do a better job of selling itself. Contact the alum. Let them know that there is a need here.
I started donating to the LSU Foundation weekly since reading this thread and investigating the Foundation itself. 8 months after I started donating, I finally received a call from the Foundation.
It was a student worker who called me. He read me the script, and I humored him. Basically asking if I could donate more.
I told him I would look into it.
My issue here is that I have never received any information on donating to the University until I actually started donating to the University. I graduated from LSU in 2000 (with Shaq). In 18 years, LSU has never contacted me. They have never let me know that the endowment needs help. I never realized that the LSU Foundation was a thing until I saw this thread back in September.
I really wish LSU would get their house in order, and do a better job of selling itself. Contact the alum. Let them know that there is a need here.
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