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Started By
Message
re: Your Yearly Reminder that LSU's Endowment is Very Low
Posted on 2/1/19 at 6:45 am to GeorgeWest
Posted on 2/1/19 at 6:45 am to GeorgeWest
quote:
My wife and I made an agreement almost 20 years ago to give as much to the LSU Foundation annually as we spend on our football-MBB-baseball season tickets. That's why now, in our retirement, we still have not made a trip to Europe.
Wow, that sucks. I’m sorry that you have wasted all that money for two decades.
0
Posted on 2/1/19 at 7:02 am to GeorgeWest
quote:
The entire LSU system is poorly funded all around. And we LSU alums show how little we value our alma mater by how little we give. My wife and I made an agreement almost 20 years ago to give as much to the LSU Foundation annually as we spend on our football-MBB-baseball season tickets. That's why now, in our retirement, we still have not made a trip to Europe. EVERY LSU alum should give something to the LSU Foundation even if it is only $50 annually.
It’s very admirable to give, but this is a little extreme.
Posted on 2/1/19 at 7:32 am to boxcarbarney
So you're saying we are not well endowed!
Posted on 2/1/19 at 8:44 am to Ton Chou
quote:
I want to on one level but please help me understand the premise. I paid tuition. I did. Not my parents or the state. I went to class and studied. What was given to me that was not fairly paid for in the direct transaction?
Its called charitable giving, and if that isn't your thing, fair enough. Endowed funds are normally specified for certain accounts or purposes. You can actually choose what department your money can benefit. This isn't about you owing LSU money. You've paid them your due. This is about making LSU a better university for the future.
quote:
Indirectly, the politics of this state fricks it’s citizens hard between its corruption on obvious lack of business knowledge.
The state of Louisiana does not have access to endowment funds. The state legislature does not have access to endowment funds. University employees do not have access to endowment funds.
Posted on 2/1/19 at 8:50 am to boxcarbarney
quote:
It’s called charitable giving
A lot of us prioritize our charitable giving and channel it to a young kid or an old woman in true need rather than a bureaucrat in a cardigan who wants a shinier building . It’s a personal preference thing . But if you want to give to FKing Alexander rather than feed a kid or help a wounded Vet or fund St Jude’s- knock yourself out . But spare us the sanctimony.
Posted on 2/1/19 at 8:55 am to boxcarbarney
My wife and I are alums, 2 kids alums, 3rd went to Georgia after I got fed up with their nonsense.
LSU will not get another dollar from me as long as their War on Frats continues....
LSU will not get another dollar from me as long as their War on Frats continues....
Posted on 2/1/19 at 9:02 am to Lsupimp
quote:
bureaucrat in a cardigan who wants a shinier building .
State and University bureaucrats cannot access the endowment funds. But while we're talking about shinier buildings, do you think improving the infrastructure of LSU is a good thing or a bad thing?
quote:
But if you want to give to FKing Alexander
Alexander cannot access the endowment funds; but you already knew that. But please, keep parroting this same line to make some silly point about how you're pissed at him, because of reasons.
quote:
rather than feed a kid or help a wounded Vet or fund St Jude’s- knock yourself out .
Jesus...
quote:
But spare us the sanctimony.
That's rich, coming from you.
Posted on 2/1/19 at 9:31 am to boxcarbarney
quote:
Jesus
quote:
That’s rich coming from you
If you want to have a pity party so LSU bureaucrats can have bigger offices and higher ceilings , knock yourself out. They already get thousands of my dollars every year in the form of tuition and fees. I will continue to divert my Charitable dollars to people and causes that are a bit more, um existential in nature. For instance, I give annually to the local Buddhist temple, Wounded Warriors (or similar ) , St Jude Children’s Hospital and the YMCA Free swimming program for kids. And others as well.
And of course, your whole condescending attitude in this thread is indicative of the problem here. LSU alumni are obviously not donating for a REASON. Maybe open your ears and LISTEN and address those issues. And then come back with your hat in hand with a sense of humility instead of the kind of arrogant, sniveling and condescending approach you take here, and LSU administrators take every time we see them. People are ANGRY at this administration and at the direction of the University . Maybe you should ask WHY that is if you are going to throw shade at them for not pulling out their Wallets and handing it to you. Your entitlement, like LSU’s -is sadly typical and disconcerting.
Posted on 2/1/19 at 9:45 am to boxcarbarney
LSU alums care about football and not the school. It's pathetic.
Posted on 2/1/19 at 9:46 am to boxcarbarney
I have my MBA from Texas and I’m torn on who to support more because I’ll be honest, my LSU undergrad never got me a lot. The Texas network is 100x better than LSU. I live in Texas so that’s another reason and probably a big reason more alumni don’t donate, they live somewhere else.
Don’t worry guys I’ll be cheering for LSU next year, but academically I have a hard time convincing myself to spend the money.
Don’t worry guys I’ll be cheering for LSU next year, but academically I have a hard time convincing myself to spend the money.
Posted on 2/1/19 at 9:53 am to boxcarbarney
I don't donate to LSU because I don't trust the leadership. I have the money to do it and when I see the numbers, I feel guilty. But then when I go to write the check, I think about King Alexander and the BoS deciding where that money will go, I back out.
Posted on 2/1/19 at 10:00 am to Lsupimp
Oh please. The King of Self Righteous wants to lecture others on entitlement, while making silly false equivalencies about charitable giving.
I don't work for LSU, but I care about the university. Regardless of your feelings and obvious bitterness towards LSU, my original point is still valid; LSU's endowment is small, and I urge alumni to donate. That's really it. My snarky comments to people like you who either don't understand the endowment, or choose to ignore what an endowment does doesn't change that point.
I don't work for LSU, but I care about the university. Regardless of your feelings and obvious bitterness towards LSU, my original point is still valid; LSU's endowment is small, and I urge alumni to donate. That's really it. My snarky comments to people like you who either don't understand the endowment, or choose to ignore what an endowment does doesn't change that point.
Posted on 2/1/19 at 10:06 am to boxcarbarney
quote:
Endowment is Very Low
Sounds kinda dirty, actually....
Posted on 2/1/19 at 10:07 am to boxcarbarney
quote:I'm curious as to the % of how many on here are L.S.U. Alums. (Or graduates of another College/University....or have ever been inside a college classroom at all)
TechDawg is a T-shirt fan of LSU and doesn’t really care about the university or athletics outside of football. Never mind him
I'm thinking maybe 5 % or less...….
Posted on 2/1/19 at 10:17 am to boxcarbarney
Every year , people who give , make a decision on precisely which Charity or Institution to give it to. That you would call that obvious and undeniable point “ a false equivalency “ speaks to your irrational and emotional nature. We can’t give to everybody, so we choose the most deserving. LSU in 2019, with this administration, would be so far down that list as to be irrelevant. That is demonstrated by the dismal numbers. A smarter man might ask himself WHY .
Posted on 2/1/19 at 10:35 am to Lsupimp
LSU has been spoiled by no in-state competition and they've lost sight of their place as a "flagship institution." They assume Louisiana kids will default to them regardless of the services they do or do not provide. The national exposure of the post-secondary education system as a whole is starting to take it's toll on LSU and it's showing in the endowment. I'd be willing to say it's a safe bet that students today are having the same experience as I did 15 years ago. LSU will bend over backwards and sideways to attract out of state students or to attempt to get you involved in the hundreds of pointless social circles on campus. But as a young adult trying to learn how to begin an educated professional life, they offer next to nothing. There is minimal real world financial guidance to handle the expenses of receiving their degree, very little functional guidance on how to choose a life path, etc. They basically stick their hand out for a check, wish you luck, then act like they are somehow entitled to your generosity for the rest of your life.
Posted on 2/1/19 at 10:35 am to TechDawg2007
Notre Dame has a 13 billion or higher endowment. So yeah Tech, that’s really low
Posted on 2/1/19 at 10:37 am to Harry Caray
quote:LSU, Tulane, La.Tech, Grambling and Southern should be the only four year universities in Louisiana.
I'm sure this has nothing to do with the abundance of unnecessary four year universities in a state of Louisiana's size
Everybody else should be a fricking Junior College.
Louisiana could have it's own dedicated JC football Conference: The Bayou State Conference.
* Southeast Louisiana Junior College at Hammond.
* NELAJC@Monroe
* NWLAJC@Natchitoches
* SWLAJC@Lafayette
* CenLAJC@Pineville
* CentenaryJC@Shreveport
* McNeeseJC@Lake Charles
* NichollsJC@Thibodaux
* LSUNWJC@Shreveport
* LSUCentralJC@Eunice
Posted on 2/1/19 at 10:38 am to semjase
quote:
LSU, Tulane, La.Tech, Grambling and Southern should be the only four year universities in Louisiana.
Keeping southern and graming but dropping ULL?
Tulane is private too.
Posted on 2/1/19 at 11:39 am to TJG210
quote:
One complaint that I also had when donating is that it seems like 50 organizations within the university are trying to claw money, and each is seemingly going in their own direction. Would also be beneficial if they came up with a tangible plan/vision, rather than just shaking a can.
One way to ensure your funds go to what you want to see improved is to donate directly to the department. Per a current dept. chair "If you donate directly to us we get to control how we use the funds, donating to LSU goes into the pool and distributed across the campus of which we see very little. So when you graduate write your checks to LSU ____ dept."
I'd encourage donating this way if you want to see LSU make competitive moves in fields that lead to employment like accounting, engineering, geology, ISDS, computer science, and finance (sorry if I snubbed your humanity degree, go to Law School.)
This post was edited on 2/1/19 at 12:48 pm
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