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It's more than that. TU barely made the cut as a D-1 school (7 men's 7 women's sports). TU's endowment was over $1B a few years ago but the value has shrunk with the energy $ decline recently. I am wondering if the Williams announcement yesterday and this announcement are related in any way, i.e. Williams was a significant donor to that particular program?Hello Title 9.
My understanding from a budget development standpoint is the endowment is sort of a safety net. Enrollment revenue projections, housing and dining revenue projections, etc. are what the university uses to base what it can spend in any given FY. In years where those revenue projections run short (like this year, enrollment is slightly down) and/or unexpected increases in costs (like energy costs, happened in 2005-06), the university will freeze spending including hiring in a lot of areas to come in under revised projections for revenue vs. expenditures. They can use interest off of the endowment to supplement income if they need to although they don't really like to do that. Having sat in budget development meetings for a sizable dept. at TU as well as at a couple of other institutions, especially in projected "lean years", they try to squeeze every drop of juice out of the lemon. Plus, if this was a down year for enrollment, that has a 4-5 year impact on the budgetI didn't think the University used it's endowment to supplement the cost of non-revenue sports. One would think that the added money being generated from the AAC would help fund those non-revenue sports.
Yeah those things have literally nothing in common.No, it's not an example of that at all.
Says the liberals.
It's a governing body interfering with minimum compensation and an alleged consequence being less people receiving compensation.