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Started By
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re: Our endowment is pathetic compared with the rest of the SEC
Posted on 7/14/08 at 12:19 am to TulaneTigerFan
Posted on 7/14/08 at 12:19 am to TulaneTigerFan
quote:
endowments are different than typical fund raising campaigns like forever lsu. endowment money is not spent, it is invested and a portion of the profits are spent and a portion reinvested to continually grow the endowment. i think the forever lsu campaign is different as portions of that are going to places like TAF
So how is endowment money raised? And are you sure that some of that money is going to TAF? I remember looking at some financial documents about TAF, and it doesn't look like they need very much money.
This post was edited on 7/14/08 at 12:20 am
2
Posted on 7/14/08 at 12:25 am to crazy4lsu
Wasn't LSU a little late in starting an endowment? I have read that on hear a couple of times.
Posted on 7/14/08 at 12:26 am to saderade
Maybe so.
Posted on 7/14/08 at 12:26 am to saderade
quote:
Wasn't LSU a little late in starting an endowment? I have read that on hear a couple of times.
I think it was sometime in the 80's that we started one.
Posted on 7/14/08 at 12:29 am to crazy4lsu
quote:
So how is endowment money raised?
i'm not totally sure but i think most schools probably use some donation money and put some towards the endowment yearly. most colleges let you specify exactly where the money you are donating is being spent. and from there it grows on its own. when you're investing that much money even a 5% or 6% percent return is a lot of money.
quote:
And are you sure that some of that money is going to TAF?
yeah, i just looked and some of it is definitely going to TAF. it looks like the forever lsu money is being split up all over the place. looks like a good bit of it is going towards the schools endowment though
Posted on 7/14/08 at 12:34 am to TulaneTigerFan
quote:
yeah, i just looked and some of it is definitely going to TAF. it looks like the forever lsu money is being split up all over the place. looks like a good bit of it is going towards the schools endowment though
This is slightly disappointing. I imagine the only place in the school that isn't hurting for money is TAF. Perhaps I am wrong and they desperately need it.
Posted on 7/14/08 at 12:36 am to crazy4lsu
quote:
This is slightly disappointing. I imagine the only place in the school that isn't hurting for money is TAF. Perhaps I am wrong and they desperately need it.
it might all be going into the endowment and the profits once invested are what the site is talking about. it's hard to tell because it's fairly vague.
Posted on 7/14/08 at 12:40 am to TulaneTigerFan
quote:
it might all be going into the endowment and the profits once invested are what the site is talking about. it's hard to tell because it's fairly vague.
I, for one, would not support any endowment money going into athletics. With the amount of support that athletics gets at this university, you would have to think that they are for the most part self-sufficient. Perhaps someone with more knowledge of the matter can chime in with what they know about where the money goes.
Posted on 7/14/08 at 12:42 am to TulaneTigerFan
Here's the Pac-10 while we're at it:
Posted on 7/14/08 at 12:43 am to crazy4lsu
quote:
I, for one, would not support any endowment money going into athletics. With the amount of support that athletics gets at this university, you would have to think that they are for the most part self-sufficient. Perhaps someone with more knowledge of the matter can chime in with what they know about where the money goes.
I'm pretty sure LSU is one of the schools that is self-sustaining, meaning no endowment money goes to athletics. A few schools do this including SC and I believe LSU, but I'm not positive
Posted on 7/14/08 at 12:44 am to usc6158
Geez, every conference makes us look very un impressive.
Posted on 7/14/08 at 12:59 am to jbirds1
damn, Texas is hung like a horse. both of my kids love lsu, but i was actually thinking if they didn't go to stanford, harvard, princeton, or yale, the next best thing would be texas.
(even though they'll get in-state tuition due to the fact that both parents went to lsu).
(even though they'll get in-state tuition due to the fact that both parents went to lsu).
Posted on 7/14/08 at 1:00 am to jbirds1
Think we could ever catch Harvard at $34.9 Billion?!?
Posted on 7/14/08 at 1:03 am to Jimbeaux28
we'd have to bring in at least a dozen crystal balls home before we break the $10billion mark. i think harvard has a nut-lock on the endowment.
Posted on 7/14/08 at 1:04 am to Chaz95
quote:
damn, Texas is hung like a horse. both of my kids love lsu, but i was actually thinking if they didn't go to stanford, harvard, princeton, or yale, the next best thing would be texas.
Texas is a damn good school, especially for being public
Posted on 7/14/08 at 1:05 am to usc6158
Yes, and a great college environment.
Posted on 7/14/08 at 1:08 am to jbirds1
but send them to LSU. We wear less tie-dye.
Posted on 7/14/08 at 1:09 am to Chaz95
quote:
we'd have to bring in at least a dozen crystal balls home before we break the $10billion mark. i think harvard has a nut-lock on the endowment.
Well an LSU grad is one of the top ten inventors in the world, I forget his name at the moment, but he was featured in an LSU alumni magazine. We could hope he invents something really important, and gives LSU a bunch of money. Other than that, if we could get to a billion, it would do all right. A five percent return on a billion dollar endowment, (I am not sure if I am doing this right), would be something like fifty million dollars, which might cover any budget short falls that might occur.
Harvard has upwards of 10,000 endowments, if LSU could get half that number of donations, we would probably be sitting pretty. Now I say all this knowing nothing of how endowments work. I am just going by what is on this thread and wikipedia.
Posted on 7/14/08 at 1:22 am to usc6158
quote:
Texas is a damn good school, especially for being public
and ridiculously cheap for texas residents...when i went to lsu $1500/semester, texas cost around $800/semester.
like i said, my kids already bleed purple and gold.
This post was edited on 7/14/08 at 1:24 am
Posted on 7/14/08 at 7:19 am to TulaneTigerFan
Plus UT and A&M have access to a state sponsored university fund with assets north of $30 bil. funded by state owned land and natural resources.
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