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Post by Tom on Aug 25, 2017 15:05:12 GMT -5
The Crain's article with its quotes from HC clarifies the HC endowment situation. Value of the HC endowment on July 1 2016 was $681 million. Value on June 30, 2017 was $755 million. An investment return of 12 percent (HC's statement) would result in a gain of $82 million, and theoretically increase the endowment value to $763 million. However, the $8 million difference between $755 million and $763 million is because distributions (from the endowment) for operations exceeded the contributions (new gifts to the endowment) amount, and a portion of the investment gains were used in the distribution. I think the endowment contributes something like 50% of the average growth of the last 5 years to the operating budget. As I understand it, a portion of investment gains are used every year, no matter what the new gifts are
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Post by Pakachoag Phreek on Aug 26, 2017 7:42:04 GMT -5
The HC policy is to distribute 4.5 percent of the average endowment value for the three previous years. There is a one year lag, because of the budgeting schedule. In the not too distant past, it was closer to 4 percent. States have cracked down on low percentage distributions.
For HC's current fiscal year 2018, which ends June 30, 2018, the distribution from the endowment would be 4.5 percent of the average of the value of the endowment on June 30, 2014, June 30 2015, and June 30 2016.
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Post by Pakachoag Phreek on Sept 20, 2017 7:13:48 GMT -5
Harvard's endowment grew by 8.1 percent, MIT's by 14.3 percent. www.bostonglobe.com/business/2017/09/19/harvard-endowment-posts-percent-return-lagging-behind-peers/2EC5y0Cs8KYSkp9qeu0crN/story.htmlThe BoT recently met on campus, and they would have received the close-to-final HC numbers. (The auditor's report for a fiscal year, such as 2016-17, is generally signed near the end of September in the fiscal year that ended.) I believe this BoTmeeting is where they set the overall budget for 2019-20. ADNP now knows about how much money he has for scollies for student-athletes entering in the fall of 2019. (HC is currently offering for the recruiting class entering in the fall, 2018.)
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Endowments
Sept 20, 2017 7:37:24 GMT -5
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Post by hcgrad94 on Sept 20, 2017 7:37:24 GMT -5
The total number of athletics scholarships that are being offered is static. There are occasionally slight adjustments year-to-year as scholarships are reallocated from one program to another, but in general the number doesn't change.
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Post by KY Crusader 75 on Sept 20, 2017 7:59:14 GMT -5
Harvard's endowment grew by 8.1 percent, MIT's by 14.3 percent.www.bostonglobe.com/business/2017/09/19/harvard-endowment-posts-percent-return-lagging-behind-peers/2EC5y0Cs8KYSkp9qeu0crN/story.htmlThe BoT recently met on campus, and they would have received the close-to-final HC numbers. (The auditor's report for a fiscal year, such as 2016-17, is generally signed near the end of September in the fiscal year that ended.) I believe this BoTmeeting is where they set the overall budget for 2019-20. ADNP now knows about how much money he has for scollies for student-athletes entering in the fall of 2019. (HC is currently offering for the recruiting class entering in the fall, 2018.) These schools should put the endowment into index funds, avoid the unwarranted expense of the money managers, and thereby generate a better return for their students. Hiring the 100's of managers is a colossal waste of $$$.
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Post by Pakachoag Phreek on Sept 20, 2017 8:22:36 GMT -5
The total number of athletics scholarships that are being offered is static. There are occasionally slight adjustments year-to-year as scholarships are reallocated from one program to another, but in general the number doesn't change. That is a path to mediocrity. For most HC sports, scollie spending is in the bottom half of the PL for these sports.
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Post by purplehaze on Sept 20, 2017 9:07:06 GMT -5
we've worn out the path to mediocrity ! the Luth attraction should help us in olympic/minor sports recruiting, if not, we will be stuck in place for a long time
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Post by realism on Sept 20, 2017 9:58:11 GMT -5
The total number of athletics scholarships that are being offered is static. There are occasionally slight adjustments year-to-year as scholarships are reallocated from one program to another, but in general the number doesn't change. To be consistent with current speculation about HC's plan to enter HE for men's hockey, wouldn't we expect to see an increase in scholiies now and in each subsequent year to reach max schollie competitiveness? Any word on the actual addition of schollies for woman's ice hockey ( this year, next year ? ) now that they're officially joining HE ?
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Post by Pakachoag Phreek on Sept 20, 2017 13:34:10 GMT -5
Misogyny on Mt. St. James?
Total athletically-related financial aid for women 2015-16, $ in thousands.
Boston U. 9811 Bucknell 6009 Lehigh 5320 Colgate 5098 HC 3809 Lafayette 3167 Loyola 3121 American 2970
(American and Loyola participate in several fewer field sports.) _______________ Fordham 5961 Georgetown 4660
Difference between athletically- related financial aid total for men and women at PL football schools Bucknell, W + $400K (Bucknell women receive about $400K more in scollies than men). Colgate, M +$1.0M HC, M +$2.1M Fordham, M +$1.3M Georgetown, W +$700K Lafayette, M +$1.8M Lehigh, M +$600K
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Endowments
Sept 20, 2017 17:17:56 GMT -5
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Post by hcgrad94 on Sept 20, 2017 17:17:56 GMT -5
And therein lies the reason why we aren't adding scholarships based on endowment returns.
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Post by realism on Sept 20, 2017 17:53:23 GMT -5
And therein lies the reason why we aren't adding scholarships based on endowment returns. Thanks. But, I've always maintained that this "done deal if not for the ECHL Team" has been an outright distortion. What's worse ? Claiming that HC has "generous donors" lining up to make this "a done deal if not for the ECHL Team." And yet, you cannot demonstrate that they've ponied up this season to increase schollies for the men's ice hockey team. the women's team ? Wouldn't full schollies be a basic requirement of an HE deal ?. And this is not a one off payment. It's an annual expense, along with DCU rent and additional marketing costs. Congratulations, you've lined up some very serious deep pocketed donors ? Might you claim next that it's "check in the mail ?"
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Endowments
Sept 20, 2017 17:59:49 GMT -5
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Post by hcgrad94 on Sept 20, 2017 17:59:49 GMT -5
Umm. We are at at 14 scholarships in Men's Hockey, the AHA limit. When and if we join HE, I'm sure there is a plan to get to 18 by redistributing from other men's sports.
Btw, thanks for bringing a dose of realism to the board. Greatly appreciated. You are the True North that we all look to.
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Post by KY Crusader 75 on Sept 20, 2017 18:30:22 GMT -5
And therein lies the reason why we aren't adding scholarships based on endowment returns. Thanks. But, I've always maintained that this "done deal if not for the ECHL Team" has been an outright distortion. What's worse ? Claiming that HC has "generous donors" lining up to make this "a done deal if not for the ECHL Team." And yet, you cannot demonstrate that they've ponied up this season to increase schollies for the men's ice hockey team. the women's team ? Wouldn't full schollies be a basic requirement of an HE deal ?. And this is not a one off payment. It's an annual expense, along with DCU rent and additional marketing costs. Congratulations, you've lined up some very serious deep pocketed donors ? Might you claim next that it's "check in the mail ?" I hope one day you'll find some serenity regarding this issue that causes you such anguish
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Post by Pakachoag Phreek on Sept 20, 2017 19:27:44 GMT -5
In 2015-16, Holy Cross spent $5 million more on men's teams than women's teams. This is a higher differential than at any other PL member institution.
Colgate's differential was $3.7 million. Bucknell $1.3 million. The three non-football schools spent more on women than men.
With that cost differential, if HC were to join HE for men, -- with its millions in added costs, then, IMO, HC would have two* choices: increase spending on the women by several million, or discontinue several significant-expense men's sports, e.g., lacrosse, soccer. IMO, HC is already pirouetting fairly close to Title IX territory.
* There is likely a third choice, which I described on the old board, and will describe again tomorrow when I find the time.
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Post by realism on Sept 20, 2017 19:38:49 GMT -5
Umm. We are at at 14 scholarships in Men's Hockey, the AHA limit. When and if we join HE, I'm sure there is a plan to get to 18 by redistributing from other men's sports. CORRECTION: 18 scollies is the current AHA limit. So, why not ramp up for the big move now ? No biggie....Just sayin'. atlantichockeyonline.com/news/2016/9/7/MHOCKEY_0907163448.aspxYou've got to believe me....I just found this amusing, while net surfing, I first read about HE snooping around the DCU. Then a circus frenzy followed on this board for this alliance being a "done deal, were it not for for the ECHL team". Apparently nobody is using their hard earned critical thinking skills ? I have no bone to pick. Might be a great deal if someone is willing to pay for it EVENTULLY ? I'm just curious why posters prey on fellow lemming poster fans by claiming they have a "done deal were it not for the ECHL team." Shame on you!
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Post by crusader1970 on Oct 8, 2017 17:29:52 GMT -5
I believe our endowment per student is relatively quite high due to our small number of students. Also, considering that the market is sitting on a huge equity bubble, I sincerely hope HC's endowment has significantly reallocated away from equities--though I doubt it. Glad the endowment fund advisors did not take your advice. The S&P 500 is up another 4.4% since your Aug 8th post.
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Post by ncaam on Oct 8, 2017 18:18:53 GMT -5
Where is our market guru?
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Post by Pakachoag Phreek on Oct 9, 2017 7:35:54 GMT -5
Caught reference to this recent paper by a professor at Arizona State University in the NY Times. As for 'sota, Irma may have outperformed when it came to his neighborhood.
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Post by Chu Chu on Oct 9, 2017 10:59:36 GMT -5
As I understand it, that "best-performing four percent of listed stocks" is a different group every year. That is why using a growth index, or something like the Vanguard total stock market fund is so powerful.
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