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Post by purplehaze on May 17, 2018 8:25:08 GMT -5
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Post by rgs318 on May 17, 2018 8:40:54 GMT -5
I have always felt that such a bump up was true, but the certainty of some who post here that there was no such thing does make me wonder. Of course, getting a bump up is just temporary if it is not accompanied by other positive improvements to keep the college and its teams - all of them - on the winning side of the ledger.
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Post by Tom on May 17, 2018 9:58:28 GMT -5
I firmly believe that it happens, but I also firmly believe it diminishes over time. Two years from now, their donations will still be above their baseline, but will be below this spike.
On the flip side, I do not believe BC gains anything from the Flutie Effect. Back in 1985, absolutely. Today zero. They're more likely to get a little bump from grad Matt Ryan going to the Super Bowl two years ago than any of the miracles Flutie pulled off while wearing the Maroon and Gold
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Post by nhteamer on May 17, 2018 10:34:45 GMT -5
I'd take a "happen, then diminishes over time" over a never happened.
Thanks JEB
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Post by hcpride on May 17, 2018 11:00:05 GMT -5
I thought the 'Flutie Effect' had to do with an increase in admissions applications due to increased name recognition among prospective students based on a positive event - this article references a boost in donations (which is also good).
"What remains to be seen is what happens with applications. Loyola's web traffic was up more than four times in the month of March and the school had 31 percent more interest from students in requesting information about the school.
The onetime commuter school has many of its students coming from within Illinois, and more than half its alumni stay in Chicago. The Final Four run could give the school a chance to become more national, as was the case with George Mason when the school received 54 percent more applications from out-of-state."
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Post by sader1970 on May 17, 2018 11:07:26 GMT -5
Can you imagine what Holy Cross could do with just a 200% increase in donations? (Make up for the loss of donations due to the renouncing the Crusader symbol?  ) As for the Flutie effect, while I agree with Tom that Flutie has no effect today (kids applying today weren't even alive then), it got eyes on BC that never looked before. I am a big believer that there is a spiral effect. When things are going good, they tend to get better and better. Conversely, when things go badly, they tend to get worse and worse. BC was able to ride an upward spiral. Gonzaga is too. |
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Post by joe on May 17, 2018 11:07:42 GMT -5
Wonderful and congrats to Loyola.
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Post by KY Crusader 75 on May 17, 2018 14:45:03 GMT -5
"Gonzaga's run in the NCAA tournament, beginning as Cinderellas in 1999 and now being perennial contenders, has done wonders for the small school. Between 1999 and 2017, the school saw its endowment grow from $67 million to $213 million (up 218 percent), annual fundraising grow from $13.4 million to $31.1 million (up 127.7 percent) and total donors grow from 7,006 to 13,261 (up 89.3 percent)."
Re; the endowment, that's a compound growth rate of about 7%, isn't it? Is that so extraordinary? How much did HC's endowment grow in that 18 year period?
Annual fundraising grew at under 5% per year-----does not seem greater that expectations to me
"A trip to the Final Four for Loyola-Chicago has resulted in a 660 percent increase in donations [ for the period of March 1 to April 2] as compared to the previous year, the school announced Monday"
I'm happy for Loyola, but we need to read the fine print as I've inserted above in the brackets: that 660% increase covers the month of March only, not the full year. I'm sure that Loyola's donation receipts will increase, but I'll also bet that donor timing came into play, i.e. donors that might usually send in their checks in May or June acted early.
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Post by Pakachoag Phreek on May 17, 2018 19:02:04 GMT -5
Holy Cross' endowment value went from about $325M in 1999 to $750M in 2017. (HC's endowment was also at about $700 million in 2007.)
HC's U/G enrollment is about 30 percent of Loyola's, and about 60 percent of Gonzaga's.
Endowment funds used for operations (in thousands).
Loyola $8327
Gonzaga $8811
Holy Cross $27594
Gonzaga doesn't publicly publish its Common Data Set.
Comparing fin aid for undergraduates between Loyola and Holy Cross
HC $48M in institutional grants, + 12M in athletic awards +0 in tuition waivers
Loyola $150M in institutional grants, + 5.5M in tuition waivers, + 4.3M in athletic awards
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Post by sader1970 on May 27, 2018 16:55:12 GMT -5
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Post by Chu Chu on May 29, 2018 12:49:53 GMT -5
Holy Cross' endowment value went from about $325M in 1999 to $750M in 2017. (HC's endowment was also at about $700 million in 2007.) HC's U/G enrollment is about 30 percent of Loyola's, and about 60 percent of Gonzaga's. Endowment funds used for operations (in thousands). Loyola $8327 Gonzaga $8811 Holy Cross $27594 Gonzaga doesn't publicly publish its Common Data Set. Comparing fin aid for undergraduates between Loyola and Holy Cross HC $48M in institutional grants, + 12M in athletic awards +0 in tuition waivers Loyola $150M in institutional grants, + 5.5M in tuition waivers, + 4.3M in athletic awards phreek, Can you ex[lain the difference between the institutional grants, tuition waivers, and athletic awards in terms of cash flow, and how they affect the granting institution ? Our differences to Loyola are stunning, and I do not understand the reason why we do not have tuition waivers, for example. |
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Post by Pakachoag Phreek on May 29, 2018 14:57:35 GMT -5
chu, with my perpetual caveat that I am NOT an accountant, my explanation on various types of aid on cash flow is as follows.
Institutional grants: These are monies that represent a transfer from income to expenses, and are booked accordingly on the balance sheet. The income could be from tuition and fees received from full pays, or from a distribution of the endowment, or from some other income source. (However, the other income source cannot have directed the monies, say from a gift , be used for a specific purpose unrelated to financial aid; e.g., if I gave HC $10,000 for a campus bell, HC cannot use that money for financial aid.)
Athletic grants This is a subset of institutional grants. The CDS instructs the submitting institution not to include athletic grants in the institutional grants amount. In the CDS, the institution is supposed to break out the athletic grant amounts by merit awards and need-based awards. This breakout only occurs in the CDS; it would not appear in a financial statement for the college. (In the CDS, HC and other schools break out the non-athletic award, institutional grant amount into need-based and merit.)
Tuition waivers Reporting of this amount is optional in the CDS. A tuition waiver represents a discount from full price. For example, College X's standard rate for tuition is $22,000 per semester. College X offers applicant Marmaduke Q. Excelsior a discount on the standard rate; Marmaduke's parents need only pay $11,000 per semester.
The amount of the discount would represent revenue foregone. The $11,000 not received is not booked on the balance sheet as income to the college, nor is it expensed.
If Marmaduke were a hoops star, I suspect the effect of a tuition waiver would be to understate the amount of merit-based financial aid offered to an athlete. This could prove useful for Title IX purposes, unless Title IX reporting requires that the value of tuition waivers to athletes be calculated and included.
Some of what I wrote above is probably not applicable where the athletic department is a 'corporate' entity, separate from the university itself. In such instances, I believe the athletic department transfers monies from its account to the university to cover the expense of scollie aid to athletes. AFAIK, this arrangement only exists among Power Five member institutions.
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Post by Chu Chu on May 30, 2018 18:16:04 GMT -5
Thanks!
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