Big East Schools Endowment

[hallgrad80]

Since this board raises the same question frequently that SH is lacking the financial assets to compete athletically here’s some numbers I was able to find , some of which may have changed since they were made public.

GT - $3.6 billion
Nova - $1.31 billion
SJU - $938 million
Marq -$917 million
DePaul- $907 million
Creg. -$745 million
UConn - $634 million
P- $321 million
SH - $318 million
Butler - $ 266 million
X. -$245 million

 

[SHUisNJsTeam]

We need people who understand fundraising. We don’t have that.

 

[CL82]

Since this board raises the same question frequently that SH is lacking the financial assets to compete athletically here’s some numbers I was able to find , some of which may have changed since they were made public.

GT - $3.6 billion
Nova - $1.31 billion
SJU - $938 million
Marq -$917 million
DePaul- $907 million
Creg. -$745 million
UConn - $634 million
P- $321 million
SH - $318 million
Butler - $ 266 million
X. -$245 million

Fairly recently, Connecticut was at about the 300 million mark, if not a bit less. The last 5 to 10 years they've made a concerted effort to increase it. So, it can be done.

 

[hallgrad80]

Fairly recently, Connecticut was at about the 300 million mark, if not a bit less. The last 5 to 10 years they've made a concerted effort to increase it. So, it can be done.

And their success on the court with two national championships I would suggest played an important role in their fund raising efforts.

 

[HallGuy23]

We need people who understand fundraising. We don’t have that.

Where’s Mike McBride?? Buehler, Buehler???

 

[HallGuy23]

Also, one of this country’s biggest scams are college endowments all while they put their own students into a lifetime of debt

 

[HallX2]

We need people who understand fundraising. We don’t have that.

Wrong. We have them. You know what we don’t have? Givers.

 

[HallX2]

Also, one of this country’s biggest scams are college endowments all while they put their own students into a lifetime of debt

This is a slither of the negative thinking that pervades our alumni. It is a key why we lag behind in endowment and giving.

And I’m not saying that there isn’t some element that is fair in the above.

 

[Piratz]

The school has had a major problem here for decades and its internal structure around it has been totally backwards and stale, out of touch for a long time.

It’s now on the radar even more bc of the NIL fiasco.

 

[HallGuy23]

This is a slither of the negative thinking that pervades our alumni. It is a key why we lag behind in endowment and giving.

And I’m not saying that there isn’t some element that is fair in the above.

What? You think it’s okay for universities to have billions and billions in endowments but still raise tuition to insane levels? And whenever a new project comes around they rely on more donations. Never comes out of their pocket…. Just keep growing their endowment for no use

 

[SHUHitman]

Wrong. We have them. You know what we don’t have? Givers.

It's fine to take that viewpoint as it isn't wrong, but think about that. This University has had a "giver" problem for how many decades now? We have all these students, from all walks of life, and for 40 years now the one common denominator is that they aren't "givers".

Why do you think that it is? Does Seton Hall inherently attract cheap, miserly, selfish individuals? Does it only attract unsuccessful folks without money to offer? Perhaps their experiences as students or alums have cultivated that attitude. An attitude that, irregardless of how much they make, where they are, and what they are doing....they just don't feel a connection or a see value in giving money to this school or its athletics.

We are surrounded by similar institutions that either don't have this problem or did something about successfully. Yes, the effect is that we do not have "givers". But what's the cause? That's where Seton Hall's responsibility lies - they either need to fix what they broke or figure out how to thrive in unfortunate circumstances that aren't their doing. In either case, it's on them to figure out.

 

[PirateLaw20]

Understand that Seton Hall is actually the lowest on this list when you consider Providence, Butler, and Xavier all do not have law schools. You really have to read the financial statements to see what is considered in the total endowment number, not all are created equal. Another example, my undergraduate alma mater Fairfield U, includes the Preps endowment. It’s significant.

 

[CL82]

And their success on the court with two national championships I would suggest played an important role in their fund raising efforts.

No doubt, although most of that movement happened before the last two championships. No doubt, although most of that movement happened before the last two championships. Your point is accurate nonetheless.

The University of Connecticut redefined itself after the 1999 men's championship and the 1995 women's championship with a huge program of spending called UConn 2000. It dramatically revamped and upgraded the campus. It's impossible to say whether it would have happened regardless of the championships, but those first two basketball championships brought a whole lot of Goodwill in the legislature.

 

[SHUSource]

Fairly recently, Connecticut was at about the 300 million mark, if not a bit less. The last 5 to 10 years they've made a concerted effort to increase it. So, it can be done.

There is a lot more to it than just the stock market, but if a school's endowment is invested in a particular way, it has performed very well this past decade as the Dow has roared more than anything else. I've seen a few places take some significant strides in that time.

Of course, that doesn't factor in successful capital campaigns, etc., where I'm sure UConn has excellent over that time, too. Things have been good.

 

[SHUSource]

Since this board raises the same question frequently that SH is lacking the financial assets to compete athletically here’s some numbers I was able to find , some of which may have changed since they were made public.

GT - $3.6 billion
Nova - $1.31 billion
SJU - $938 million
Marq -$917 million
DePaul- $907 million
Creg. -$745 million
UConn - $634 million
P- $321 million
SH - $318 million
Butler - $ 266 million
X. -$245 million

For a place like Seton Hall especially, but in a lot of these cases, they aren't able to just spend down the endowment to fund things like athletics. They are largely untouchable, and the parts that are accessible are typically used to fund student aid and otherwise offset the cost of tuition.

If anyone ever has the chance to hear a VP of enrollment management speak on the formula institutions use to build a class, it's fascinating how they factor in the grades and scores of applicants, but also their ability to pay, how much aid they will need, where they are coming from, how much aid they can offer to attract students that would typically be looking at more prestigious schools, etc. There are so many moving pieces to building a class.

 

[HallX2]

The school has had a major problem here for decades and its internal structure around it has been totally backwards and stale, out of touch for a long time.

It’s now on the radar even more bc of the NIL fiasco.

Yeah the alums with alligator arms aren’t to blame. It’s the school. This again tells you all you need to know.

 

[CL82]

There is a lot more to it than just the stock market, but if a school's endowment is invested in a particular way, it has performed very well this past decade as the Dow has roared more than anything else. I've seen a few places take some significant strides in that time.

Of course, that doesn't factor in successful capital campaigns, etc., where I'm sure UConn has excellent over that time, too. Things have been good.

Smart investment does make a huge difference. It also allows schools that got a a head start to stay ahead.

 

[donnie_baseball]

Also, one of this country’s biggest scams are college endowments all while they put their own students into a lifetime of debt

You're certainly a victim of the failings of public education.

 

[Piratz]

Donations of money and contributions of time and effort are all about engagement. You need a high level of communications that clearly outline the objectives, transparency to detail the progress being made towards them (or the failures and why), and a tangible reciprocation of peoples’ goodwill through recognition, events, accessibility, etc.

This is NOT the Seton Hall we know and love and never has been. We’ve been stuck somewhere between antiquated church hierarchy and good ol’ boys. I think there have been improvements made in recent years though and the trend is going the right way but we’re many days late and many dollars short across the board. A massive hole to dig out from, but it’s doable if we get our a$$es moving in the right direction.

The basketball program will be a good litmus test on this because it was like pulling teeth to get Sha the current money and it has not gone well on either engagement or results, which the hope was could offset engagement if Sha was delivering NCAA Tournament teams.

 

[HallGuy23]

You're certainly a victim of the failings of public education.

Care to explain how you make that judgement?

Let me guess, endowments are the result of donations from assumed graduates. Therefore if the endowments are so large then the alumni must be doing well.

It’s not quite that black and white..

but you probably graduated in the 90s, bought a starter house for 105-135k while making 35-45k.

Meanwhile nowadays graduates make 55-75k if they’re lucky and a starter home is 500k.

But sure, keep growing dust on those ever increasing endowments while begging for more and more donations on ever single project all the while tuition is a joke.