
CSULB doesn't pull from the same type of families as Stanford, but the costs also aren't as large.
If a fund for lets say tennis raised $2 million, and they made 8% on the fund, then they could give 5% to the tennis operations every year, $100k, and still increase the endowment. The next year you're giving the team budget $103k due to the 3% compounding, and that's if you're not getting more donors to the fund. Sure inflation is going to eat into that.
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Investments? From what, to what, and how?
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MAR,
Good post and very accurate in my opinion! But if the BIG GUYS are struggling, where does that leave schools like ours? Now that the genie is out of the bottle, I do not see any way to ever get it back into the bottle again! College sports needs a MAJOR overhaul, and in the very near future! Send all of the college athletes who are chasing all of the NIL money to the NBA D league, and create something like it for football (maybe the existing summer football league. Let the kids that are happy with a scholarship go back to playing the kind of college sports that we had a number of years back. If you want NIL, turn pro!!!!
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Fundraising still the name of the game. Hiring competent coaches helps that of course. I don't know details of how $ money raising is going. Part of me wonders how if we had kept FB going, 30 years later the Pac/MW would be salivating to have an LA area member. It wouldn't be Big Ten money, but on that note:
Ohio State posted over $30 million in losses in their most recent report. Indiana only posted a $3million loss, but that includes over $26mil "loan" from the university. Sure the CFP will eat into that, but sustainable?!? Would either Pac/MWC do anything with that kind of scenario? No way.
And the true sign of it coming crashing down is Utah's deal with private equity ($500m). I would think the SEC (gov't agency, not conference) and a number of other agencies (CFIP, IRS, etc.) are going to scrutinize handing over the athletic department functioning to an outside agency. There's no way the university could kick any money to that new Branding partnership to cover any over runs.
The irony is that the best example of a west coast university that has an athletic foundation dedicated to keeping athletics self sufficient by fundraising is Stanford, and because they can't cave to academic entry requirements, their big time sports have continued to be mediocre in NIL era.
Long Term, athletics needs investments that generate yearly income to cover costs, not donations covering costs every year. Additional foundational donations to build facilities then enhance this.
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Basketballs are 1-17 against D1, D2, D3 or NAIA programs this season.
Reason you don't hire #2 assistants in charge of athlete behavior nor your buddies.
Also reason you don't hire the Asst AD in charge of Student Services.
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