IUP leading the way in the PSAC like we always do...
Where did Bloomsburg get that money so fast? Ship was second last list I saw....
All it takes is on guy, same at IUP - a $ 23 million gift with a total endowment of 66 million. Show just how small some of these endowments are. https://www.bizjournals.com/pittsbur...kopchicks.html
Its a mixed bag, probably about half goes to the endowment for scholarships, and other funding. IUP should be over 100 million, but there was a big learning curve with the foundation once the state rules changed a few years back. IUP does really well with Alumni coming back to help in non monetary ways though.
ts a mixed bag, probably about half goes to the endowment for scholarships, and other funding. IUP should be over 100 million, but there was a big learning curve with the foundation once the state rules changed a few years back. IUP does really well with Alumni coming back to help in non monetary ways though.
Can you explain that in more detail?
Originally, the state did not allow university employees, other than the president and a few people in Student affairs, to be involved in fund raising, it was all done through the foundation, and there were rules about how to ask for money. about 7 or 8 years ago, the rules changed, so that Deans, Chairs, and others in leadership positions are involved as well as more Alumni. Before, people would approach faculty about donations, get referred to the foundation, and hit a wall. The first few years of the new policy left alot of people getting in each others way, but that is sorted out I think, and the new president has a good handle on it. Huge fundraising effort for the science building for instance.
I thought it was in the $60 mil range years ago. Or higher.
Yes. According to the actual study cited in the article, IUP's endowments total $67.4 million.
Remember, endowments are just an investment account and they live off the interest accrued. Popular opinion (usually from the cynical perspective in the media) is that they're rainy day funds or savings accounts.
it was. I don't know the details, but the foundation has added a managment fee to the funds - so each year they take some money out, and when the investments do bad, it decreases even faster now. The dorms have also cost them money, with the declining enrollment, but I don't know exactly how that is figured in with the endowments, if at all.
It depends on what they're using for the list to call you. A lot of schools still use paper lists probably printed in August. If you donate after your info is printed then they'll never know. The automated systems that would pull you out once you make a gift are pretty pricey as you can imagine. Hard to justify when a) people don't give over the phone like they used to and b) that money could easily be used for something else
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