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 Post subject: Furman
 Post Posted: Sat Mar 16, 2019 2:22 am 
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Joined: Thu Jan 12, 2006 1:16 pm
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Location: Mt. Pleasant
Won Friday game 13-3. We really hit left handed pitching good.


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 Post subject: Re: Furman
 Post Posted: Tue May 19, 2020 2:15 am 
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Location: Mt. Pleasant
Furman dropping baseball due to covid-19 budget cuts
Drops SoCon baseball at least a notch


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 Post subject: Re: Furman
 Post Posted: Thu May 21, 2020 6:44 pm 
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$700MM endowment. I suspect the rona is an excuse.


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 Post subject: Re: Furman
 Post Posted: Fri May 22, 2020 1:23 am 
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Location: Mt. Pleasant
Pretty sad we only have $90 million
All those docs who did BS here?


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 Post subject: Re: Furman
 Post Posted: Fri May 22, 2020 1:29 am 
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Typically, state supported schools are less endowed.


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 Post subject: Re: Furman
 Post Posted: Fri May 22, 2020 6:48 pm 
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Posts: 353
Location: Charleston, SC
Endowment Funds are usually restricted or earmarked for certain
programs or scholarships. So just pulling out monies to pay for unexpected
issues is not done. Add to the fact that the "investment" market, which endowment
funds are heavily dependent on, has pulled back 20-25% in just 2 months.
It's the interest or Return on Investment that is used. The principle ($700M)
stays put. So those programs/scholarships are at risk of not being funded next year
also. So big endowments don't correlate with a lot of extra money sitting around!


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 Post subject: Re: Furman
 Post Posted: Mon May 25, 2020 5:45 pm 
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The investment market is just fine. How they structure their endowment is likely to use some interest only. Their returns are published. Benn about 6 - 8% annual.
The point is:
They could fund baseball if they wanted to.

For state schools - I have to ask where is all this capex funding coming from at same time tuition and books are more and more unaffordable.
Remote learning and overpriced tuition are on a collision course. These schools better get a handle on what they believe their value to be.


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 Post subject: Re: Furman
 Post Posted: Tue May 26, 2020 4:36 am 
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Location: Mt. Pleasant
In 1,000's

1. Harvard U. $38,303,383

2. U. of Texas system $30,886,018

3. Yale U. $29,351,100

4. Stanford U. $26,464,912

5. Princeton U. $25,917,199

6. Massachusetts Institute of Technology $16,529,432

7. U. of Pennsylvania $13,777,441

8. Texas A&M U. system and foundations $13,524,947

9. U. of Michigan (all campuses) $11,901,760

10. Northwestern U. $11,087,659

So, UNC, Duke, Notre Dame, Michigan, Ohio St. not in top 10. This is from a list of top 50. If you're really interested, There's one list on Google with list of more than 800 schools.


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 Post subject: Re: Furman
 Post Posted: Tue May 26, 2020 1:21 pm 
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Michigan is on your list. Who cares, though.

Add up the top 10 in endowments --over $200 Billion. then ask what is/should be the mission of higher education?
Building empires?
Building buildings?
Staffing lifetime professors?
Politicizing education?

The schools without overly large endowments cannot continue to assume the general public will pay obscene amounts of money for higher education. Unsustainable.
The schools with overly large endowments are going to do what they have been doing as their $$ allows them too....until their funding dries up and/or public opinion pivots.


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 Post subject: Re: Furman
 Post Posted: Tue May 26, 2020 3:57 pm 
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Scott Galloway an NYU business professor has been harping on about this.

Says COVID is going to disrupt the University industry... i.e. accelerate their demise as more brand name institutions branch out to online learning while pairing with tech.


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 Post subject: Re: Furman
 Post Posted: Tue May 26, 2020 4:16 pm 
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Joined: Sat Jan 15, 2005 4:49 pm
Posts: 2917
Location: Savannah
Starbucks and I think Arizona State have a deal. Basically work 20 hours a week at Starbucks and they will pay for your undergraduate degree if you get online degree from one of the 80 offered online by ASU.

_________________
http://coastalempirebeer.com

https://www.facebook.com/CEBC.Beer


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 Post subject: Re: Furman
 Post Posted: Tue May 26, 2020 9:12 pm 
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Joined: Wed Mar 16, 2005 1:07 am
Posts: 353
Location: Charleston, SC
We have 3 major monetary issues:

1). 55-60% of our schools budget goes to pay for Personal Costs/Benefits
(All Tuition Fees don't even cover the cost of Person Costs/Benefits: $150m vs $156m)
2). less than 10% of our budget comes from the State
3). 56% of our Athletics Funding comes from student fees ($13m vs $23m)

All not sustainable! Fault the BoT for approving this crap for years!
Now if any is time to tighten the belt!

See Page 28
https://controller.cofc.edu/documents/e ... r-2019.pdf
See Page 14
https://controller.cofc.edu/documents/e ... a-2019.pdf


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