5280Griz
Well-known member
That’s low compared to FBS. Both FBS schools in AZ endowment is over a billion. Even University of New Mexico is $887m.
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- Thread starter PDXGrizzly
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HelenaHandBasket
Well-known member
I am not sure you entirely understand the purpose of an endowment.
MontanaGrizSoccer
Well-known member
Explain
HelenaHandBasket
Well-known member
So no?
MontanaGrizSoccer
Well-known member
Hire a good AD, kuddos Oregon State
alabamagrizzly
Well-known member
what is an endowment used for in universities? at DuckDuckGo
DuckDuckGo. Privacy, Simplified.
MontanaGrizSoccer
Well-known member
I know what’s it for. Would UM ever use in it athletes as seed money. Take a one time 20-30 million and invest it. The interest alone would generate millions.what is an endowment used for in universities? at DuckDuckGo
DuckDuckGo. Privacy, Simplified.duckduckgo.com
HelenaHandBasket
Well-known member
Do you really though?
5280Griz
Well-known member
Arizona’s Reed-Francois marks two years as she continues to stabilize department
Univ. of Arizona AD Desiree Reed-Francois celebrated her second anniversary in her role after inheriting a stripped-bare football program and a massive budget deficit close to $50M.
www.sportsbusinessjournal.com
Univ. of Arizona AD Desiree Reed-Francois celebrated her second anniversary in her role after inheriting a “stripped-bare football program” and a “massive budget deficit of close to” $50M, according to Greg Hansen of the ARIZONA DAILY STAR. Reed-Francois also came into the role needing to “rebuild the front office staff and create a new radio/TV broadcast and marketing enterprise.” Reed-Francois labels her first two years as “stabilizing.” But she has “proved her worth by making a series of tough choices, each that affects the school’s budget and on-field success.” Reed-Francois raised roughly $5M a year combined for naming rights to McKale Center and Arizona Stadium, and her “next act will be to sell advertising patches for game-day uniforms for all Arizona sports, a transaction that could mean as much as” $2M more per year. However, “not everyone on campus and in the UA sports community is a Reed-Francois advocate,” as she “hasn’t been afraid to make sometimes unpopular decisions.” Yet she put UA in a “much better position than it was in five, 10, 15 and 20 years ago”
But I’ve been told it’s all about how they use it?
