Thursday, March 27, 2014

FSU Athletic Endowment


Attached is an interesting charting noted FSU's athletic endowment level, and NEEDED level, from 1986 to 2009. 





Related information from other schools:

Oregon State Athletic Endowments

"Athletic Endowments are managed in partnership with the Oregon State University Foundation. Currently The Foundation distributes 4.5% of the principle annually for each endowment"

Boston College

Great list of endowed scholarships and recipients.  Nice touch by B.C.

Michigan coaching position get endowment (PAID SITE)

"The University of Michigan Board of Regents on Thursday approved a $10 million endowment from J. Ira and Nicki Harris to the university’s Victors for Michigan Campaign. "

The rising cost of success

"On October 16, 1931, Clemson lost a disappointing 6-0 football game to The Citadel. Afterwards, former Vanderbilt captain and then-Tiger Head Coach Jess Neely lamented that if he just had a few scholarships he felt he could be successful.

Dr. Rupert Fike decided to do something about it and, working with some other interested boosters, organized the IPTAY Club, the first collegiate athletic fundraising organization in the nation. IPTAY is an acronym for "I Pay Ten a Year," a modest start to a club that would be raising in excess of $14 million per year by the turn of the century. "

"Adding the endowment income with annual gifts still leaves a $7 million gap toward that $12 million scholarship tab, which means that monies that theoretically could have been allocated for improvements elsewhere must be funneled into scholarships to make up the difference. That has restricted what can be done to improve the Commodore athletic brand. "

vsSECschools






















vsPeers


Duke athletics more than halfway to Duke Forward goal




"Tom Coffman, Duke Associate Director of Athletics for Development and Planning, said athletics received $74 million in donations for Duke Forward since June 2012—the previous high for a 12-month period of donations was $35 million. The athletic department received multiple gifts of $5 million and $10 million during the 2012-13 academic year."


Other related information:

Endowments Grow From Chalkboards to the Sidelines

Endowments becoming common for football coaching jobs

"Endowments in athletics are similar to those in academics. The donation is invested, and a portion of the return is distributed each year. "

"Coaching endowments are prevalent in Bowl Championship Series conferences, too. The football programs at Stanford, Vanderbilt, Boston College and Northwestern, for example, have endowed positions. Michigan State, Rutgers, Duke and Texas Tech are among those seeking donors for theirs — with required donations as high as $5 million."



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