Davidson at 1700 students has higher endowment than MSU

[cowbellpresident]

Davidson has an endowment of 428 Million. MSU has of course the lowest endowment in the SEC at 237 Million. Auburn is the next lowest at 378 Million. Ole Miss = 495Million. Florida is at 1.2 Billion and Vandy is at 3.4 Billion. Wow! Next president needs to make this an emphasis.

 

[topdawg.sixpack]

Did we not just get done with a $400 Million dollar campaign, which started in 04, and we finished a year ahead of the goal (December 08)?

I think you need to check your facts there. Also, I want to say that our endowment has surpassed UM's, and maybe even Auburn's. Not sure about that, but want to say that could be the case.

But I do agree, this needs to be an emphasis of the new president.

 

[8dog]

then it has happened recently and with a ridiculous amount of donations. We have been solidly in 12th in the conference in endowment size. And that is a position we established over the last 10 years.

 

[graddawg]

that the amount of donations you receive and the size of your endowment are two totally different things, don't you? You may be correct on passing one or more SEC schools, but I've heard for years that we have the smallest endowment in the conference.

 

[someonestolemyusernamedamnit]

*

 

[cowbellpresident]

Anything that is donated during a certain time period to MSU gets counted toward the goal of the State of the Future campaign. So if someone gives 10 million to the business school to build a new addition it is counted in with that $400 Million goal, but obviously is spent on the building and not added to the endowment. I think it would be a good idea to increase our endowment by 100% over the next 10 years. An endowment never runs out - continual source of funds for the university. That is the best thing about a university the time value of money doesn't matter - universities live forever, but people die (so by the time you are rich are you almost dead).

Anyways, all my numbers are from documented sources on wikipedia. I understand that wikipedia is not always accurate, but these numbers are cited from journals of higher education.

 

[MSUCostanza]

TMI.

 

[MSU CS 2004]

MSU Foundation 2006-2007 Annual Report places the endowment at $296,107,445 as of June 30, 2007. Well, those are the net assets of the Foundation, anyway. I'm assuming that's our endowment.

EDIT
Found this line in the report, near the end: "For FY 2007 ending June 30, Mississippi State received more than $56.8 million in private gifts and pledges. Our endowment now stands at about $280 million, a significant increase over the $237.5 million posted at the close of the last fiscal year."

 

[someonestolemyusernamedamnit]

MSU Fundraising Campaign Exceeds $400 Million

 

[lanceharbor7]

on it's own, then the University has hired the worst money managers ever. If in ten years the endowment isn't 1 billion, then heads should roll....but then again, this is MSU.

 

[dawgstudent]

[No message]

 

[patdog]

It's only the principal that can't be used. So to double the endowment in 10 years would require actually raising as much in the next 10 years as has been raised since the University was founded. Still, it's a reasonable goal.

 

[HammerOfTheDogs]

"Big College" has been expanding at an 8% inflation rate for as long as I can remember. Used to be, if you either had a part-time job or a decent-paying summer job, you could pay your way through school. However, because of "Big College", school now has to be paid for by 5 and 6-figure loans.

Endowments are simply a game of whose waving the biggest penis. Hawvahd has a multi-billion dollar endowment. Do they use it to lower the tuition rates for the students? Of course not. Hell, most universities don't even touch the principal. They want bigger endowments just so they can use only a part of the interest.

I'm steering my kids towards plumbing school. If they want to go to college after that, then they can pay for it without taking student loans.

 

[8dog]

Hell, most universities don't even touch the principal.

Isn't that kind of the goal?

 

[wpnetdawg]

the principal.

 

[EmoryBellard]

"Hawvahd has a multi-billion dollar endowment. Do they use it to lower the tuition rates for the students? Of course not."

http://www.fao.fas.harvard.edu/

Dubmass.

 

[MSU CS 2004]

it's the very definition of an endowment. You save the principal and enough of the interest to keep up with inflation. Then you spend whatever interest you have left.