Endowments, Enrolments, and Sports Revenue
Posted: Fri Jul 30, 2021 6:07 am
Post #1
Endowments, Enrolments, Sports Revenue, and Sponsored Research & Development Revenue
Post #1: Endowments, Enrolments, Sports Revenue, and Sponsored Research & Development Revenue (with TABLES 1 to 15)
Post #2: More about Endowments, Enrolments, Sports Revenue, and Sponsored Research & Development Revenue
Post #3: NCAA Men’s Basketball Attendance 2010-11 through 2020-21 – Listed by Season
Post #4: NCAA Men’s Basketball Attendance 2010-11 through 2020-21 – Listed by School
Post #5: Variable Revenue Source for Basketball Programs: ‘Units’ Earned in NCAA Men’s Basketball Tournaments
Post #6: Basketball Program Expenses for Selected Universities
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• HOME ATTENDANCE → → REVENUE → → EXPENSES → → PROFIT → → PROFIT MARGIN → → ROI → → VALUE OF COLLEGE BASKETBALL TEAM •
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• Post #7: Home Attendance for 2018-19 (with TABLE 16)
• Post #8: Revenue, Expenses, and Profit for 2018-19 (with TABLES 17 to 19)
• Post #9: Profit Margin, Return on Investment, and More Metrics for the 2018-19 Season (with TABLES 20 to 25)
• Post #10: Value of College Basketball Teams: The Wall Street Journal Rankings from 2015 through 2018
Post #11: Conference Revenue Summaries: TV Rights Payouts to Schools and Total Sports Payouts to Schools (with TABLES 26 to 34)
Post #12: Taking a Closer Look at Gonzaga
Post #13: The Decline of College Basketball TV Ratings 2013 to 2021
Post #14: A Reality Check on the Next Big East TV Rights Contract in 2025
Post #15: INDEX of TABLES 1 to 34
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Endowments, Enrolments, Sports Revenue, and Sponsored Research & Development Revenue
TABLE 1: Endowments and Enrolments in 2018 - Big East Schools
TABLE 2: Endowments and Enrolments in 2020 - Big East Schools
TABLE 3: Endowments and Enrolments in 2018 - Selected Atlantic 10 Schools
TABLE 4: Endowments and Enrolments in 2020 - Selected Atlantic 10 Schools
TABLE 5: Percentage Change in Endowments from 2018 to 2020 - Big East Schools
TABLE 6: Percentage Change in Endowments from 2018 to 2020 - Selected Atlantic 10 Schools
TABLE 7: Composite Listing - 2020 Endowments
TABLE 8: Composite Listing - Percentage Change in Endowments from 2018 to 2020
TABLE 9: Composite Listing - Niche's Net Price for 2020-21 Academic Year
TABLE 10: Composite Listing - Niche's 2021 Best Colleges in America School Rankings
TABLE 11: Enrolments in 2018
TABLE 12: Enrolments in 2020
TABLE 13: Percentage Change in Enrolments from 2018 to 2020
TABLE 14: Undergraduate Enrolments in 2020
TABLE 15: Undergraduate Enrolment as a Percentage of Total Enrolment
Notes and Observations concerning TABLES 1 to 15
Links to Data Sources
Perspective – Part 1: Data
Perspective – Part 2: Observations
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The recent flurry of activity and rumors concerning Conference Realignment piqued my epistemic curiosity, so I decided to research the stated topics of this thread, and disseminate that information to all interested HLOH readers.
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TABLE 1: Endowments and Enrolments in 2018 - Big East Schools
TABLE 2: Endowments and Enrolments in 2020 - Big East Schools
TABLE 3: Endowments and Enrolments in 2018 - Selected Atlantic 10 Schools
TABLE 4: Endowments and Enrolments in 2020 - Selected Atlantic 10 Schools
TABLE 5: Percentage Change in Endowments from 2018 to 2020 - Big East Schools
TABLE 6: Percentage Change in Endowments from 2018 to 2020 - Selected Atlantic 10 Schools
TABLE 7: Composite Listing - 2020 Endowments
TABLE 8: Composite Listing - Percentage Change in Endowments from 2018 to 2020
TABLE 9: Composite Listing - Niche's Net Price for 2020-21 Academic Year
TABLE 10: Composite Listing - Niche's 2021 Best Colleges in America School Rankings
TABLE 11: Enrolments in 2018
TABLE 12: Enrolments in 2020
TABLE 13: Percentage Change in Enrolments from 2018 to 2020
TABLE 14: Undergraduate Enrolments in 2020
TABLE 15: Undergraduate Enrolment as a Percentage of Total Enrolment
Notes and Observations Notes concerning TABLES 1 to 15
Re: ‘Selected Atlantic 10 Schools’: If the Presidents of the Big East Institutions choose to consider conference expansion in the future, it is unlikely that Fordham, St. Joseph’s, or Duquesne will make their ‘short list’. However, I have included those institutions in the TABLES above because they are Catholic universities with good academic reputations, and are located in New York City, Philadelphia, and Pittsburgh, respectively – the heart of Big East territory. In fact, seven of the eleven Big East schools compete with Fordham, St. Joseph’s, Duquesne, Dayton, and Saint Louis for ‘customers’ – i.e. undergraduate students, graduate students, post-graduate research fellowships, etc., and more importantly, government and private Sponsored Research. It is my perception that Georgetown and Villanova compete less with the aforementioned BE and A10 schools, and more with the Ivy League schools, Notre Dame, and Boston College for their elite customers. Creighton is a geographic outlier with a very good academic reputation. I know nothing about their customer base but would appreciate it if a Creighton alumnus could fill us in. VCU is in the same category as UConn (public universities with 32,000 students), but UConn has a much better academic reputation than VCU, and a much richer basketball tradition.
Re: TABLES 1 and 2: Georgetown had the biggest gain in Enrolment (17,858 in 2018 to 19,371 in 2020).
Re: TABLES 3 and 4: Saint Louis had the biggest drop in Enrolment (16,500 in 2018 to 11,823 in 2020).
Re: TABLE 5: Percentage Change in Endowments from 2018 to 2020 - Big East Schools: Georgetown has the biggest endowment, but had the smallest increase in the value of their endowment (5.3%). Conversely, Xavier has the smallest endowment in the Big East, but had the biggest increase in the value of their endowment (31.5%).
Re: TABLE 5: Percentage Change in Endowments from 2018 to 2020 - Big East Schools: Creighton, Marquette, Butler, and St. John's also did quite well, with their values of their endowments increasing by 21% to 26% over the two-year period.
Re: TABLE 6: Percentage Change in Endowments from 2018 to 2020 - Selected Atlantic 10 Schools : The value of Duquesne’s Endowment increased by an astonishing 69% in two years, while the Endowments of Saint Louis and Fordham lost value during the same time period.
Re: TABLES 5 and 6: It is noted that the changes in value of the Endowments of Xavier, Duquesne, Saint Louis, and Fordham are puzzling anomalies whose investigations are beyond the scope of this post. It is possible that these anomalies can be explained by investment strategy (high-risk/big expected return vs. low-risk/small expected return) or the quality of investment advisors. For more about this see Investopedia.
Links to Data Sources
Tables 1 and 3: 2018 Endowments and Enrolments mined in July 2019 – Wikipedia / HLOH Post [Table 6(a): Schools of Interest]
Table 2: Big East Conference (with 2020 Endowments mined in July 2021) – Wikipedia
Table 4: Atlantic 10 Conference (with 2020 Endowments mined in July 2021) – Wikipedia
Tables 5 to 8 were derived from Tables 1 to 4.
Tables 9 and 10: TABLE 4: Niche's 2021 Best Colleges in America - SCHOOL RANKINGS – Niche / HLOH post dated February 20, 2021
Table 11 was copied from a previous HLOH post of mine made in 2019.
Table 12: Big East Conference (with 2020 Enrolments mined in July 2021) – Wikipedia
Table 13 was derived from Tables 11 and 12.
Table 14 is the extraction of undergraduate enrolments from each school’s Wikipedia article.
Table 15 was derived from Tables 12 and 14.
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Perspective – Part 1: Data
New Big East, Fox Sports Formally Ink 12-Year, $500M Deal – Sports Business Journal – March 21, 2013
2016 College Basketball Value Rankings - Ryan Brewer, Wall Street Journal – 2017 (176 schools ranked)
Big East 2018-19 Basketball Revenue – HLOH thread - GoldenWarrior11
Big Ten announces six-year deal with ESPN, Fox Sports worth $2.64 billion - Teddy Greensteing, The Chicago Tribune – July 24, 2017
2018 College Football Value Rankings - Ryan Brewer, Wall Street Journal – 2019 (115 schools ranked)
Southeastern Conference's revenue increased slightly to $729 million in 2020 fiscal year – Steve Berkowitz, USA Today – February 4, 2021
Power Five conference revenues slowed by COVID-19 pandemic, tax records show – Steve Berkowitz, USA Today – May 20, 2021
Ranking college sports' highest revenue producers - Brad Crawford, 247 Sports - July 17, 2020
Colleges With the Highest Research and Development Funding - BestColleges.com - November 18, 2020
List of Colleges and Universities in the United States by 2019 Endowment - Wikipedia
Harvard Endowment Valued at $41.9 Billion, Up 2.4 Percent – John S. Rosenberg, HarvardMagazine – September 29, 2020
The 100 Richest Universities in North America - James A. Barham, TheBestSchools.org - April 23, 2021
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Perspective – Part 2: Observations
In 2018-19, the Big East Conference generated $41,666,667 in revenue from its TV Rights Contract with Fox Sports (shared by its 10 member schools).
In 2018, the Dayton Flyers Men’s Basketball program generated $16,281,364 in revenue – more than 10 of the 11 present Big East schools.
In 2019-20, the University of Dayton School of Engineering generated $166,000,000 in revenue from its sponsored Engineering Research & Development (including UDRI) – more than 10 times the $16,281,364 in revenue generated by UD’s Men’s Basketball program.
In 2020, the University of Michigan generated $197,000,000 in revenue from its athletic programs, and $1,530,139,000 from sponsored Research & Development.
In 2019-20, Harvard University generated $1,123,160,000 in revenue from its sponsored Research & Development, and saw the value of its Endowment increase by $1,000,000,000 to $41,900,000,000.
► Additional spreadsheet calculations show that in general, for most P5 Conference schools, about 80% of their total sports revenue is generated by football, and 20% of their total sports revenue is generated by basketball, meaning that football revenue is worth approximately four times the revenue obtained from basketball.
► Additional spreadsheet calculations show that for many P5 Conference schools, the revenue generated by Sponsored Research & Development is worth 6 to 8 times the total revenue generated by their football and basketball programs.
If the Presidents of the Big East Institutions choose to consider conference expansion in the future, the success in basketball in recent years will certainly be a primary consideration for potential candidates for their ‘short list’, but many other factors will come into play before any decisions are made.
Criteria such as institutional fit, basketball history and tradition, geographic location, expenditure and investment in basketball program, home basketball attendance, propensity of fan base to travel to away games and tournaments, geographic spread of alumni, TV market size, TV ratings for games, enrolment, endowment, financial stability, and academic reputation will also be carefully evaluated for each candidate school for expansion.
Presidents of universities have a fiduciary duty to view the world differently from the universities’ most ardent basketball fans, and they are paid to take that responsibility seriously. Some HLOH posters would benefit from remembering that before making posts which implicitly suggest that the Presidents of Big East Conference schools will fail to carry out Due Diligence concerning possible Big East expansion.
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Endowments, Enrolments, Sports Revenue, and Sponsored Research & Development Revenue
Post #1: Endowments, Enrolments, Sports Revenue, and Sponsored Research & Development Revenue (with TABLES 1 to 15)
Post #2: More about Endowments, Enrolments, Sports Revenue, and Sponsored Research & Development Revenue
Post #3: NCAA Men’s Basketball Attendance 2010-11 through 2020-21 – Listed by Season
Post #4: NCAA Men’s Basketball Attendance 2010-11 through 2020-21 – Listed by School
Post #5: Variable Revenue Source for Basketball Programs: ‘Units’ Earned in NCAA Men’s Basketball Tournaments
Post #6: Basketball Program Expenses for Selected Universities
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
• HOME ATTENDANCE → → REVENUE → → EXPENSES → → PROFIT → → PROFIT MARGIN → → ROI → → VALUE OF COLLEGE BASKETBALL TEAM •
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
• Post #7: Home Attendance for 2018-19 (with TABLE 16)
• Post #8: Revenue, Expenses, and Profit for 2018-19 (with TABLES 17 to 19)
• Post #9: Profit Margin, Return on Investment, and More Metrics for the 2018-19 Season (with TABLES 20 to 25)
• Post #10: Value of College Basketball Teams: The Wall Street Journal Rankings from 2015 through 2018
Post #11: Conference Revenue Summaries: TV Rights Payouts to Schools and Total Sports Payouts to Schools (with TABLES 26 to 34)
Post #12: Taking a Closer Look at Gonzaga
Post #13: The Decline of College Basketball TV Ratings 2013 to 2021
Post #14: A Reality Check on the Next Big East TV Rights Contract in 2025
Post #15: INDEX of TABLES 1 to 34
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Endowments, Enrolments, Sports Revenue, and Sponsored Research & Development Revenue
TABLE 1: Endowments and Enrolments in 2018 - Big East Schools
TABLE 2: Endowments and Enrolments in 2020 - Big East Schools
TABLE 3: Endowments and Enrolments in 2018 - Selected Atlantic 10 Schools
TABLE 4: Endowments and Enrolments in 2020 - Selected Atlantic 10 Schools
TABLE 5: Percentage Change in Endowments from 2018 to 2020 - Big East Schools
TABLE 6: Percentage Change in Endowments from 2018 to 2020 - Selected Atlantic 10 Schools
TABLE 7: Composite Listing - 2020 Endowments
TABLE 8: Composite Listing - Percentage Change in Endowments from 2018 to 2020
TABLE 9: Composite Listing - Niche's Net Price for 2020-21 Academic Year
TABLE 10: Composite Listing - Niche's 2021 Best Colleges in America School Rankings
TABLE 11: Enrolments in 2018
TABLE 12: Enrolments in 2020
TABLE 13: Percentage Change in Enrolments from 2018 to 2020
TABLE 14: Undergraduate Enrolments in 2020
TABLE 15: Undergraduate Enrolment as a Percentage of Total Enrolment
Notes and Observations concerning TABLES 1 to 15
Links to Data Sources
Perspective – Part 1: Data
Perspective – Part 2: Observations
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
The recent flurry of activity and rumors concerning Conference Realignment piqued my epistemic curiosity, so I decided to research the stated topics of this thread, and disseminate that information to all interested HLOH readers.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TABLE 1: Endowments and Enrolments in 2018 - Big East Schools
2018 Endowment • Institution • Founded • Type • 2018 Enrolment
$1,770,000,000 • Georgetown University • 1789 • Catholic (Jesuit) • 17,858
$715,000,000 • Villanova University • 1842 • Catholic (Augustinian) • 10,735
$648,000,000 • St. John's University • 1870 • Catholic (Vincentian) • 20,448
$596,000,000 • DePaul University • 1898 • Catholic (Vincentian) • 23,799
$550,000,000 • Marquette University • 1881 • Catholic (Jesuit) • 11,745
$448,000,000 • Creighton University • 1878 • Catholic (Jesuit) • 8,236
$447,000,000 • University of Connecticut • 1881 • Public • 32,257
$243,000,000 • Seton Hall University • 1856 • Catholic (Diocesan) • 9,627
$213,000,000 • Providence College • 1917 • Catholic (Dominican) • 4,533
$174,000,000 • Butler University • 1855 • Private (Christian) • 4,848
$151,000,000 • Xavier University • 1831 • Catholic (Jesuit) • 6,538
TABLE 2: Endowments and Enrolments in 2020 - Big East Schools
2020 Endowment • Institution • 2020 Enrolment
$1,863,711,000 • Georgetown University • 19,371
$805,425,000 • Villanova University • 10,942
$737,037,000 • DePaul University • 21,922
$719,681,000 • St. John's University • 21,721
$693,731,000 • Marquette University • 11,550
$565,975,000 • Creighton University • 8,770
$476,181,000 • University of Connecticut • 32,669
$265,193,000 • Seton Hall University • 9,815
$234,228,000 • Providence College • 4,824
$211,953,000 • Butler University • 5,544
$198,613,000 • Xavier University • 7,112
TABLE 3: Endowments and Enrolments in 2018 - Selected Atlantic 10 Schools
2018 Endowment • Institution • Founded • Type • 2018 Enrolment
$1,840,000,000 • Virginia Commonwealth U. • 1968 • Public • 32,303
$1,230,000,000 • Saint Louis University • 1818 • Catholic (Jesuit) • 16,500
$739,000,000 • Fordham University • 1841 • Catholic (Jesuit) • 14,667
$524,000,000 • University of Dayton • 1850 • Catholic (Marianist) • 10,920
$279,000,000 • Saint Joseph's University • 1851 • Catholic (Jesuit) • 7,900
$261,000,000 • Duquesne University • 1878 • Catholic (Spiritan) • 10,106
TABLE 4: Endowments and Enrolments in 2020 - Selected Atlantic 10 Schools
2020 Endowment • Institution • 2020 Enrolment
$1,990,000,000 • Virginia Commonwealth • 31,076
$1,200,000,000 • Saint Louis University • 11,823
$712,800,000 • Fordham University • 16,515
$609,700,000 • University of Dayton • 11,241
$472,100,000 • Duquesne University • 9,274
$293,800,000 • Saint Joseph's University • 7,589
TABLE 5: Percentage Change in Endowments from 2018 to 2020 - Big East Schools
2018 Endowment • 2020 Endowment • Pecentage Change • Institution
$1,770,000,000 • $1,863,711,000 • 5.3% • Georgetown University
$715,000,000 • $805,425,000 • 12.6% • Villanova University
$648,000,000 • $737,037,000 • 13.7% • DePaul University
$596,000,000 • $719,681,000 • 20.8% • St. John's University
$550,000,000 • $693,731,000 • 26.1% • Marquette University
$448,000,000 • $565,975,000 • 26.3% • Creighton University
$447,000,000 • $476,181,000 • 6.5% • University of Connecticut
$243,000,000 • $265,193,000 • 9.1% • Seton Hall University
$213,000,000 • $234,228,000 • 10.0% • Providence College
$174,000,000 • $211,953,000 • 21.8% • Butler University
$151,000,000 • $198,613,000 • 31.5% • Xavier University
TABLE 6: Percentage Change in Endowments from 2018 to 2020 - Selected Atlantic 10 Schools
2018 Endowment • 2020 Endowment • Pecentage Change • Institution
$1,840,000,000 • $1,990,000,000 • 8.15% • Virginia Commonwealth
$1,230,000,000 • $1,200,000,000 • -2.44% • Saint Louis University
$739,000,000 • $712,800,000 • -3.55% • Fordham University
$524,000,000 • $609,700,000 • 16.35% • University of Dayton
$279,000,000 • $472,100,000 • 69.21% • Duquesne University
$261,000,000 • $293,800,000 • 12.57% • Saint Joseph's University
TABLE 7: Composite Listing - 2020 Endowments
2020 Endowment • Institution • 2020 Enrolment
$1,990,000,000 • Virginia Commonwealth • 31,076
$1,863,711,000 • Georgetown University • 19,371
$1,200,000,000 • Saint Louis University • 11,823
$805,425,000 • Villanova University • 10,942
$737,037,000 • DePaul University • 21,922
$719,681,000 • St. John's University • 21,721
$712,800,000 • Fordham University • 16,515
$693,731,000 • Marquette University • 11,550
$609,700,000 • University of Dayton • 11,241
$565,975,000 • Creighton University • 8,770
$476,181,000 • University of Connecticut • 32,669
$472,100,000 • Duquesne University • 9,274
$293,800,000 • Saint Joseph's University • 7,589
$265,193,000 • Seton Hall University • 9,815
$234,228,000 • Providence College • 4,824
$211,953,000 • Butler University • 5,544
$198,613,000 • Xavier University • 7,112
TABLE 8: Composite Listing - Percentage Change in Endowments from 2018 to 2020
Pecentage Change • 2018 Endowment • 2020 Endowment • Institution
69.2% • $279,000,000 • $472,100,000 • Duquesne University
31.5% • $151,000,000 • $198,613,000 • Xavier University
26.3% • $448,000,000 • $565,975,000 • Creighton University
26.1% • $550,000,000 • $693,731,000 • Marquette University
21.8% • $174,000,000 • $211,953,000 • Butler University
20.8% • $596,000,000 • $719,681,000 • St. John's University
16.4% • $524,000,000 • $609,700,000 • University of Dayton
13.7% • $648,000,000 • $737,037,000 • DePaul University
12.6% • $715,000,000 • $805,425,000 • Villanova University
12.6% • $261,000,000 • $293,800,000 • Saint Joseph's University
10.0% • $213,000,000 • $234,228,000 • Providence College
9.1% • $243,000,000 • $265,193,000 • Seton Hall University
8.2% • $1,840,000,000 • $1,990,000,000 • Virginia Commonwealth
6.5% • $447,000,000 • $476,181,000 • University of Connecticut
5.3% • $1,770,000,000 • $1,863,711,000 • Georgetown University
-2.4% • $1,230,000,000 • $1,200,000,000 • Saint Louis University
-3.5% • $739,000,000 • $712,800,000 • Fordham University
TABLE 9: Composite Listing - Niche's Net Price for 2020-21 Academic Year
Niche Net Price • Niche Grade • Niche Best Colleges Rank • School • Conference
$20,042 • A • 158 • UConn Huskies • Big East
$20,968 • B+ • 307 • VCU Rams • Atlantic 10
$26,993 • B • 809 • St. John's Red Storm • Big East
$28,442 • A+ • 25 • Georgetown Hoyas • Big East
$30,732 • A- • 259 • Duquesne Dukes • Atlantic 10
$30,909 • B+ • 293 • Seton Hall Pirates • Big East
$31,098 • A • 132 • Saint Louis Billikens • Atlantic 10
$31,787 • BIG EAST CONFERENCE - AVERAGE NICHE NET PRICE FOR 11 SCHOOLS
$32,022 • A- • 222 • DePaul Blue Demons • Big East
$32,145 • A- • 195 • Creighton Bluejays • Big East
$32,429 • B+ • 397 • Xavier Musketeers • Big East
$33,372 • A • 151 • Dayton Flyers • Atlantic 10
$34,120 • A- • 198 • Marquette Golden Eagles • Big East
$35,242 • A- • 277 • Saint Joseph's Hawks • Atlantic 10
$35,796 • A- • 253 • Providence Friars • Big East
$36,840 • A+ • 64 • Villanova Wildcats • Big East
$39,558 • A • 157 • Fordham Rams • Atlantic 10
$39,923 • A- • 211 • Butler Bulldogs • Big East
TABLE 10: Composite Listing - Niche's 2021 Best Colleges in America School Rankings
Niche Rank • Niche Grade • School • Conference • Niche Net Price
25 • A+ • Georgetown Hoyas • Big East • $28,442
64 • A+ • Villanova Wildcats • Big East • $36,840
132 • A • Saint Louis Billikens • Atlantic 10 • $31,098
151 • A • Dayton Flyers • Atlantic 10 • $33,372
157 • A • Fordham Rams • Atlantic 10 • $39,558
158 • A • UConn Huskies • Big East • $20,042
195 • A- • Creighton Bluejays • Big East • $32,145
198 • A- • Marquette Golden Eagles • Big East • $34,120
211 • A- • Butler Bulldogs • Big East • $39,923
222 • A- • DePaul Blue Demons • Big East • $32,022
253 • A- • Providence Friars • Big East • $35,796
257 • A- • BIG EAST CONFERENCE - AVERAGE NICHE RANKING FOR 11 SCHOOLS
259 • A- • Duquesne Dukes • Atlantic 10 • $30,732
277 • A- • Saint Joseph's Hawks • Atlantic 10 • $35,242
293 • B+ • Seton Hall Pirates • Big East • $30,909
307 • B+ • VCU Rams • Atlantic 10 • $20,968
397 • B+ • Xavier Musketeers • Big East • $32,429
809 • B • St. John's Red Storm • Big East • $26,993
TABLE 11: Enrolments in 2018
2018 Enrolment • Institution
32,303 • Virginia Commonwealth
32,257 • University of Connecticut
23,799 • St. John's University
20,448 • DePaul University
17,858 • Georgetown University
16,500 • Saint Louis University
14,667 • Fordham University
11,745 • Marquette University
10,920 • University of Dayton
10,735 • Villanova University
10,106 • Saint Joseph's University
9,627 • Seton Hall University
8,236 • Creighton University
7,900 • Duquesne University
6,538 • Xavier University
4,848 • Butler University
4,533 • Providence College
TABLE 12: Enrolments in 2020
2020 Enrolment • Institution
32,669 • University of Connecticut
31,076 • Virginia Commonwealth
21,922 • DePaul University
21,721 • St. John's University
19,371 • Georgetown University
16,515 • Fordham University
11,823 • Saint Louis University
11,550 • Marquette University
11,241 • University of Dayton
10,942 • Villanova University
9,815 • Seton Hall University
9,274 • Duquesne University
8,770 • Creighton University
7,589 • Saint Joseph's University
7,112 • Xavier University
5,544 • Butler University
4,824 • Providence College
TABLE 13: Percentage Change in Enrolments from 2018 to 2020
% Change • 2018 Enrolment • 2020 Enrolment • Change • Institution
17.4% • 7,900 • 9,274 • +1,374 • Duquesne University
14.4% • 4,848 • 5,544 • +696 • Butler University
12.6% • 14,667 • 16,515 • +1,848 • Fordham University
8.8% • 6,538 • 7,112 • +574 • Xavier University
8.5% • 17,858 • 19,371 • +1,513 • Georgetown University
7.2% • 20,448 • 21,922 • +1,474 • DePaul University
6.5% • 8,236 • 8,770 • +534 • Creighton University
6.4% • 4,533 • 4,824 • +291 • Providence College
2.9% • 10,920 • 11,241 • +321 • University of Dayton
2.0% • 9,627 • 9,815 • +188 • Seton Hall University
1.9% • 10,735 • 10,942 • +207 • Villanova University
1.3% • 32,257 • 32,669 • +412 • University of Connecticut
-1.7% • 11,745 • 11,550 • -195 • Marquette University
-3.8% • 32,303 • 31,076 • -1,227 • Virginia Commonwealth
-8.7% • 23,799 • 21,721 • -2,078 • St. John's University
-24.9% • 10,106 • 7,589 • -2,517 • Saint Joseph's University
-28.3% • 16,500 • 11,823 • -4,677 • Saint Louis University
TABLE 14: Undergraduate Enrolments in 2020
2020 Undergrad Enrolment • Institution
19,825 • Virginia Commonwealth
18,229 • University of Connecticut
12,784 • DePaul University
11,525 • St. John's University
9,229 • Fordham University
8,175 • Marquette University
8,046 • University of Dayton
7,029 • Georgetown University
6,691 • Saint Louis University
6,528 • Villanova University
5,782 • Seton Hall University
5,732 • Duquesne University
4,834 • Xavier University
4,509 • Butler University
4,325 • Creighton University
4,222 • Saint Joseph's University
3,891 • Providence College
TABLE 15: Undergraduate Enrolment as a Percentage of Total Enrolment
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------% Undergraduates • 2020 Undergrad Enrolment • 2020 Enrolment • Institution
36.3% • 7,029 • 19,371 • Georgetown University
49.3% • 4,325 • 8,770 • Creighton University
53.1% • 11,525 • 21,721 • St. John's University
55.6% • 4,222 • 7,589 • Saint Joseph's University
55.8% • 18,229 • 32,669 • University of Connecticut
55.9% • 9,229 • 16,515 • Fordham University
56.6% • 6,691 • 11,823 • Saint Louis University
58.3% • 12,784 • 21,922 • DePaul University
58.9% • 5,782 • 9,815 • Seton Hall University
59.7% • 6,528 • 10,942 • Villanova University
61.8% • 5,732 • 9,274 • Duquesne University
63.8% • 19,825 • 31,076 • Virginia Commonwealth
68.0% • 4,834 • 7,112 • Xavier University
70.8% • 8,175 • 11,550 • Marquette University
71.6% • 8,046 • 11,241 • University of Dayton
80.7% • 3,891 • 4,824 • Providence College
81.3% • 4,509 • 5,544 • Butler University
Notes and Observations Notes concerning TABLES 1 to 15
Re: ‘Selected Atlantic 10 Schools’: If the Presidents of the Big East Institutions choose to consider conference expansion in the future, it is unlikely that Fordham, St. Joseph’s, or Duquesne will make their ‘short list’. However, I have included those institutions in the TABLES above because they are Catholic universities with good academic reputations, and are located in New York City, Philadelphia, and Pittsburgh, respectively – the heart of Big East territory. In fact, seven of the eleven Big East schools compete with Fordham, St. Joseph’s, Duquesne, Dayton, and Saint Louis for ‘customers’ – i.e. undergraduate students, graduate students, post-graduate research fellowships, etc., and more importantly, government and private Sponsored Research. It is my perception that Georgetown and Villanova compete less with the aforementioned BE and A10 schools, and more with the Ivy League schools, Notre Dame, and Boston College for their elite customers. Creighton is a geographic outlier with a very good academic reputation. I know nothing about their customer base but would appreciate it if a Creighton alumnus could fill us in. VCU is in the same category as UConn (public universities with 32,000 students), but UConn has a much better academic reputation than VCU, and a much richer basketball tradition.
Re: TABLES 1 and 2: Georgetown had the biggest gain in Enrolment (17,858 in 2018 to 19,371 in 2020).
Re: TABLES 3 and 4: Saint Louis had the biggest drop in Enrolment (16,500 in 2018 to 11,823 in 2020).
Re: TABLE 5: Percentage Change in Endowments from 2018 to 2020 - Big East Schools: Georgetown has the biggest endowment, but had the smallest increase in the value of their endowment (5.3%). Conversely, Xavier has the smallest endowment in the Big East, but had the biggest increase in the value of their endowment (31.5%).
Re: TABLE 5: Percentage Change in Endowments from 2018 to 2020 - Big East Schools: Creighton, Marquette, Butler, and St. John's also did quite well, with their values of their endowments increasing by 21% to 26% over the two-year period.
Re: TABLE 6: Percentage Change in Endowments from 2018 to 2020 - Selected Atlantic 10 Schools : The value of Duquesne’s Endowment increased by an astonishing 69% in two years, while the Endowments of Saint Louis and Fordham lost value during the same time period.
Re: TABLES 5 and 6: It is noted that the changes in value of the Endowments of Xavier, Duquesne, Saint Louis, and Fordham are puzzling anomalies whose investigations are beyond the scope of this post. It is possible that these anomalies can be explained by investment strategy (high-risk/big expected return vs. low-risk/small expected return) or the quality of investment advisors. For more about this see Investopedia.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Investopedia wrote:
Endowment - Investopedia
Capital Asset Pricing Model - Investopedia
Systematic Risk - Investopedia
Beta - Investopedia
Links to Data Sources
Tables 1 and 3: 2018 Endowments and Enrolments mined in July 2019 – Wikipedia / HLOH Post [Table 6(a): Schools of Interest]
Table 2: Big East Conference (with 2020 Endowments mined in July 2021) – Wikipedia
Table 4: Atlantic 10 Conference (with 2020 Endowments mined in July 2021) – Wikipedia
Tables 5 to 8 were derived from Tables 1 to 4.
Tables 9 and 10: TABLE 4: Niche's 2021 Best Colleges in America - SCHOOL RANKINGS – Niche / HLOH post dated February 20, 2021
Table 11 was copied from a previous HLOH post of mine made in 2019.
Table 12: Big East Conference (with 2020 Enrolments mined in July 2021) – Wikipedia
Table 13 was derived from Tables 11 and 12.
Table 14 is the extraction of undergraduate enrolments from each school’s Wikipedia article.
Table 15 was derived from Tables 12 and 14.
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Perspective – Part 1: Data
New Big East, Fox Sports Formally Ink 12-Year, $500M Deal – Sports Business Journal – March 21, 2013
($500,000,000)/(12 years) = $41,666,667/year to the Big East Conference.
($41,666,667/year)/(10 Big East schools) = $4,166,667 per school per year. (It will actually be less, as the BE Conference will take about 10%.)
2016 College Basketball Value Rankings - Ryan Brewer, Wall Street Journal – 2017 (176 schools ranked)
Big East 2018-19 Basketball Revenue – HLOH thread - GoldenWarrior11
Survey Year • Institution Name • Revenue from Men's Basketball
2018 • Marquette University • $21,856,683
2018 • University of Dayton • $16,281,364
2018 • Villanova University • $14,428,932
2018 • Xavier University • $13,916,975
2018 • Georgetown University • $13,573,946
2018 • Providence College • $11,117,186
2018 • St. John's University • $10,028,677
2018 • University of Connecticut • $9,325,922
2018 • Creighton University • $8,590,055
2018 • Butler University • $8,228,482
2018 • Seton Hall University • $7,506,127
2018 • DePaul University • $6,793,520
Big Ten announces six-year deal with ESPN, Fox Sports worth $2.64 billion - Teddy Greensteing, The Chicago Tribune – July 24, 2017
($2.64 billion)/(6 years) = $440,000,000/year to the Big Ten Conference.
($440,000,000/year)/(14 Big Ten schools) = $31,428,571 per school per year. (It will actually be less, as the B10 Conference will take about 10%.)
2018 College Football Value Rankings - Ryan Brewer, Wall Street Journal – 2019 (115 schools ranked)
Southeastern Conference's revenue increased slightly to $729 million in 2020 fiscal year – Steve Berkowitz, USA Today – February 4, 2021
Power Five conference revenues slowed by COVID-19 pandemic, tax records show – Steve Berkowitz, USA Today – May 20, 2021
► The Big Ten: reported $768.9 million in revenue, down from 2019 but still about $40 million ahead of the SEC for the top figure. It lowered payouts to its 12 longest-standing members by about $1.3 million per school to $54.3 million per school.
► The SEC announced that the revenue distribution for 2019-20 fiscal year totaled $657.7 million. The average amount distributed to each of the 14 schools, excluding bowl game award money, was slightly over $45.5 million per school.
► The 10-team Big 12 reported $409 million, down by $30 million from 2019. Its payouts ranged from $37 million to $40.5 million, a decline of more than $1 million per school. The conference operated at a slight deficit for the year because of issues related to the pandemic, and it used some of its reserves to keep school payouts from being even lower, a spokesman said.
► The Pac-12 reported $533.8 million, a $3 million increase over a year earlier, and averaged payouts of about $33.6 million per school. The payouts were up by about $1.2 million per school, and the conference said about $5 million from its reserves were used to support the per-school increase so it could meet the amount that had been budgeted.
► The ACC, aided by new income from a conference TV network that launched in August 2019, increased revenue by just over $40 million to nearly $497 million. Its increased payouts ranged from $30.9 million to $37 million, plus $10.8 million to Notre Dame. Despite the revenue increase, the ACC reported a nearly $3 million annual operating deficit.
Ranking college sports' highest revenue producers - Brad Crawford, 247 Sports - July 17, 2020
1. Texas — $223,000,000
2. Texas A&M — $212,000,000
3. Ohio State — $210,000,000
4. Michigan — $197,000,000
5. Georgia — $174,000,000
6. Penn State — $164,000,000
7. Alabama — $164,000,000
8. Oklahoma — $163,000,000
9. Florida — $159,000,000
10. LSU — $157,000,000
11. Wisconsin — $156,000,000
12. Florida State — $152,000,000
13. Auburn — $152,000,000
14. Iowa — $151,000,000
15. Kentucky — $150,000,000
Colleges With the Highest Research and Development Funding - BestColleges.com - November 18, 2020
1. John Hopkins University, Baltimore, MD – $2,562,307,000
2. University of Michigan, Ann Arbor, MI – $1,530,139,000
3. University of California - San Francisco – $1,409,398,000
4. University of Pennsylvania, Philadelphia, PA – $1,374,293,000
5. University of Washington, Seattle, WA – $1,348,220,000
6. University of Wisconsin, Madison, WI – $1,193,413,000
7. University of California - San Diego, San Diego, CA – $1,133,454,000
8. Duke University, Durham, NC – $1,126,924,000
9. Harvard University, Cambridge, MA – $1,123,160,000
10. Stanford University, Stanford, CA – $1,109,708,000
11. University of North Carolina, Chapel Hill, NC – $1,102,063,000
12. University of California - Los Angeles – $1,076,917,000
13. Cornell University, Ithaca, NY – $984,478,000
14. Massachusetts Institute of Technology, Cambridge, MA – $952,017,000
15. Yale University, New Haven, CT – $951,084,000
List of Colleges and Universities in the United States by 2019 Endowment - Wikipedia
Institution – 2019 Endowment
1. Harvard University – $40,580,000,000
2. Yale University – $31,200,000,000
3. Stanford University – $28,900,000,000
4. Princeton University – $26,560,000,000
5. Massachusetts Institute of Technology – $18,500,000,000
6. University of Pennsylvania – $14,880,000,000
7. University of Notre Dame – $11,960,000,000
8. Columbia University – $11,260,000,000
9. Northwestern University – $10,930,000,000
10. Duke University – $8,470,000,000
11. Washington University in St. Louis – $8,420,000,000
12. University of Chicago – $8,200,000,000
13. Emory University – $7,940,000,000
14. Cornell University – $7,220,000,000
15. Vanderbilt University – $6,920,000,000
Harvard Endowment Valued at $41.9 Billion, Up 2.4 Percent – John S. Rosenberg, HarvardMagazine – September 29, 2020
Harvard’s endowment value was $41.9 billion as of this past June 30, the end of fiscal year 2020—an increase of $1.0 billion (2.4 percent) from $40.9 billion a year earlier.
Harvard Management Company (HMC) recorded a 7.3 percent return on endowment assets during fiscal 2020: up from the 6.5 percent return recorded during the prior year. (The return figures take investment expenses and fees into account.)
Among other institutions with similar investment strategies that have reported results, the perennially outstanding MIT earned an 8.3 percent return on its pooled investments, and the value of its endowment rose 5.4 percent to $18.4 billion. Yale reported a 6.8 percent rate of return, and its endowment increased 2.7 percent in value, to $31.2 billion.
The 100 Richest Universities in North America - James A. Barham, TheBestSchools.org - April 23, 2021
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Perspective – Part 2: Observations
In 2018-19, the Big East Conference generated $41,666,667 in revenue from its TV Rights Contract with Fox Sports (shared by its 10 member schools).
In 2018, the Dayton Flyers Men’s Basketball program generated $16,281,364 in revenue – more than 10 of the 11 present Big East schools.
In 2019-20, the University of Dayton School of Engineering generated $166,000,000 in revenue from its sponsored Engineering Research & Development (including UDRI) – more than 10 times the $16,281,364 in revenue generated by UD’s Men’s Basketball program.
In 2020, the University of Michigan generated $197,000,000 in revenue from its athletic programs, and $1,530,139,000 from sponsored Research & Development.
In 2019-20, Harvard University generated $1,123,160,000 in revenue from its sponsored Research & Development, and saw the value of its Endowment increase by $1,000,000,000 to $41,900,000,000.
► Additional spreadsheet calculations show that in general, for most P5 Conference schools, about 80% of their total sports revenue is generated by football, and 20% of their total sports revenue is generated by basketball, meaning that football revenue is worth approximately four times the revenue obtained from basketball.
► Additional spreadsheet calculations show that for many P5 Conference schools, the revenue generated by Sponsored Research & Development is worth 6 to 8 times the total revenue generated by their football and basketball programs.
If the Presidents of the Big East Institutions choose to consider conference expansion in the future, the success in basketball in recent years will certainly be a primary consideration for potential candidates for their ‘short list’, but many other factors will come into play before any decisions are made.
Criteria such as institutional fit, basketball history and tradition, geographic location, expenditure and investment in basketball program, home basketball attendance, propensity of fan base to travel to away games and tournaments, geographic spread of alumni, TV market size, TV ratings for games, enrolment, endowment, financial stability, and academic reputation will also be carefully evaluated for each candidate school for expansion.
Presidents of universities have a fiduciary duty to view the world differently from the universities’ most ardent basketball fans, and they are paid to take that responsibility seriously. Some HLOH posters would benefit from remembering that before making posts which implicitly suggest that the Presidents of Big East Conference schools will fail to carry out Due Diligence concerning possible Big East expansion.
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