Big East Conference Expansion Ideas and Discussion

[Gopher+RamFan]

Don't believe that the Big East needs, or wants to expand. Just wanted to add that

#34 UR $2.02 Billion
#61 VCU $1.33 Billion ***
#64 Georgetown $1.28 Billion
#87 Saint Louis $956 Million
#172 University of Dayton $442 Million
#176 Villanova $419
#178 St. Johns $416 Million
#187 DePaul $384 Million
#209 Medical College of Virginia (VCU) $344 Million ***
#325 Butler $165 Million
#363 Xavier #132 Million

VCU rose by 200% due to the board's redesignation: "The large increase in the Virginia Commonwealth University (VCU) endowment is primarily due to the board re-designation of certain long-term investments held by related VCU entities as "quasi-endowments." The quasi-endowments are unrestricted and not needed for general operating purposes."
VCU does not include MCV in their reporting, they are a separate entity.


I apologized if I missed any, I only looked at the top 500 (http://www.nacubo.org/Documents/Endowme ... 232014.pdf) This is for the revised numbers in 2013.

I am not advocating VCU be included because of this (UR has a larger endowment) just wanted to post information. It is my belief that the Big East doesn't need to add, and that they won't accept a public school.

Great Creighton/St. Johns game. Glad I stayed up!

[ivet]

Can you further elaborate on VCU's large endowment please. That is actually pretty interesting. Do they have any aspirations of starting a football program?

[marquette]

Don't believe that the Big East needs, or wants to expand. Just wanted to add that

#34 UR $2.02 Billion
#61 VCU $1.33 Billion ***
#64 Georgetown $1.28 Billion
#87 Saint Louis $956 Million
#172 University of Dayton $442 Million
#176 Villanova $419
#178 St. Johns $416 Million
#187 DePaul $384 Million
#209 Medical College of Virginia (VCU) $344 Million ***
#325 Butler $165 Million
#363 Xavier #132 Million

VCU rose by 200% due to the board's redesignation: "The large increase in the Virginia Commonwealth University (VCU) endowment is primarily due to the board re-designation of certain long-term investments held by related VCU entities as "quasi-endowments." The quasi-endowments are unrestricted and not needed for general operating purposes."
VCU does not include MCV in their reporting, they are a separate entity.


I apologized if I missed any, I only looked at the top 500 (http://www.nacubo.org/Documents/Endowme ... 232014.pdf) This is for the revised numbers in 2013.

I am not advocating VCU be included because of this (UR has a larger endowment) just wanted to post information. It is my belief that the Big East doesn't need to add, and that they won't accept a public school.

Great Creighton/St. Johns game. Glad I stayed up!

Marquette in at $458 million, #167. That list includes Canadian universities and university systems.

[Bill Marsh]

Does anyone seriously think that any school is seriously spending its endowment on its Athletic Dept? If not, I don't see the relevance of discussing endowments. The goal of any big time Athletic Dept. is to be self-sustaining, in which case an endowment isn't part of the conversation anyway.

Public universities have something that private universities don't have. The public dole. If a public university can muster the political support, it can obtain the funds to upgrade facilities or even to pay coaches' salaries. That's not an endowment, but it may be better.

Endowments can be an indicator of available big donators who can be tapped, but they're no the only indicator especially when viewing a moment in time. The basic question is access to money for facilities, staffing, and program regardless of where it comes from.

[Bostonspider]

Interestingly, Richmond actually has a separate endowment just for the Athletic Department which is in the $175M range. This is not related to the general $2B endowment that the University holds.

[Bill Marsh]

Interestingly, Richmond actually has a separate endowment just for the Athletic Department which is in the $175M range. This is not related to the general $2B endowment that the University holds.

Good information. Do you know how this compares with anyone else?

[marquette]

Interestingly, Richmond actually has a separate endowment just for the Athletic Department which is in the $175M range. This is not related to the general $2B endowment that the University holds.

Good information. Do you know how this compares with anyone else?

In regards to this, I think a lot of schools have separate endowments for their different post-grad departments. I know, for example, that Marquette law was recently given around $27 million to add to the law scholarship endowment. Other examples can be found in law schools like Stanford, which is rumored to have a law-specific endowment around $700 million. I can't speak to Marquette's athletic department, but given the amount of revenue the basketball team brings in I would guess it has something.

Does anyone seriously think that any school is seriously spending its endowment on its Athletic Dept? If not, I don't see the relevance of discussing endowments. The goal of any big time Athletic Dept. is to be self-sustaining, in which case an endowment isn't part of the conversation anyway.

Public universities have something that private universities don't have. The public dole. If a public university can muster the political support, it can obtain the funds to upgrade facilities or even to pay coaches' salaries. That's not an endowment, but it may be better.

Endowments can be an indicator of available big donators who can be tapped, but they're no the only indicator especially when viewing a moment in time. The basic question is access to money for facilities, staffing, and program regardless of where it comes from.

Endowments are interesting because in truth very few universities actually spend much of their endowment, and even fewer use that as significant portion of their budget each year. I believe Marquette's endowment accounts for around 4.5% of the overall budget at the school. There are schools like Harvard (largest endowment in the country) where it can make up as much as 30% of the budget. So no, I don't think endowments are generally spent on athletics.

[Bostonspider]

It appears many larger universities have athletic endowments. Here is a list of some ACC schools from 2009

UNC $212M
Duke $150M
BC $100M
GTech $80M
UVA $60M

Stamford crushes all of them with something close to $600M

[HoosierPal]

Endowments are interesting because in truth very few universities actually spend much of their endowment, and even fewer use that as significant portion of their budget each year. I believe Marquette's endowment accounts for around 4.5% of the overall budget at the school. There are schools like Harvard (largest endowment in the country) where it can make up as much as 30% of the budget. So no, I don't think endowments are generally spent on athletics.

Last year my alma mater sent a letter out staying they had started an endowment program for specific athletic coaching positions. You could endow, for example, the soccer coaching position, or the athletic trainer.

[DudeAnon]

Good lordy Richmond, how did you get all that cash?