UL Foundation Report

[Turbine]

Keg was alive and well 2011-2013

Time frame makes sense.

I remember Kyle telling me they were reopening around 2005 or 2006.

Did the packed streets of the 70's 80's and 90's return?

[CAJUNSby90]

Time frame makes sense.

I remember Kyle telling me they were reopening around 2005 or 2006.

Did the packed streets of the 70's 80's and 90's return?

Some nights yes

[Swamp]

Time frame makes sense.

I remember Kyle telling me they were reopening around 2005 or 2006.

Did the packed streets of the 70's 80's and 90's return?

The Pub, Keg, Nite Caps looked like Bourbon St. It was glorious. Legends came online in summer 2003 at the old Diamond Shamrock. Plaza was known throughout the Nation. Poet's had incredible Wednesday nights. Downtown was in full swing with Amanda Scott's, then JSP, then City Bar, Marleys. Let's just say that there was no other College party town in the USA which f'd with Lafayette.

This is the core of an idea I have regarding Cajun Field.

[cajunfan96]

Stupid question, but how can we have raised $453 million with this campaign but only have $222 million in the endowment?

Great question! Maybe to offset some of the huge deficit the university is in.

[CRAWFISH61]

There is a line item for debt/program support for 268 million, so you are probably right.

[CajunFun]

Right.

Tulane beating USC in the Cotton doesn't explain their foundation. For one thing, the 2022 total of $2.05B was before the Bowl. After the Bowl, the foundation grew to $2.11B, an increase of only 1%. The Bowl victory did little, if anything, for their academics.

Sports don't do what people assume they will do. Consider that BeSSiE (our Beloved Sister School to the East) is over 3 times larger than Tulane, and presumably has over 3 times the number of alums. Forget making the playoff: LSU has won several NCs in the past few decades, and yet their foundation is only 1/3 the size of TU's.

I would imagine that LSU's athletic budget, and NIL deals, are several times as large as TU's, though.

LSU is a good example of my point: They think athletics will take care of everything... and they don't question it. So they don't make academics a priority, because they really only care about sports. Which is how a 'little' school like UL, who, despite ridiculously diminished resources, focuses on academics and passes LSU in research.

Here's the growth of the TU Foundation. Again, athletics don't explain the growth. Focusing your donors and your community on academics is how you grow your foundation.

And your university.

[CajunFun]

Great question! Maybe to offset some of the huge deficit the university is in.

That is the second time someone has mentioned a UL deficit. Do you have any documentation on it? I'd like to take a look at it.

[60swerethebest]

There is a line item for debt/program support for 268 million, so you are probably right.

Actually it’s department not debt. And that’s over the length of the campaign. Just to be picky. My wife and I have a little endowed thingy FF or Civil. It’s not easy to read the annual gifting to the department but it’s about 4% of the value of the endowment. If you give cash to the dept thru the foundation the full amount goes to the dept/function.
I’m glad I’m an engineer cause accounting is way too hard.

[CRAWFISH61]

Actually it’s department not debt. And that’s over the length of the campaign. Just to be picky. My wife and I have a little endowed thingy FF or Civil. It’s not easy to read the annual gifting to the department but it’s about 4% of the value of the endowment. If you give cash to the dept thru the foundation the full amount goes to the dept/function.
I’m glad I’m an engineer cause accounting is way too hard.

Thanks for the explanation.

[Swamp]

Tulane beating USC in the Cotton doesn't explain their foundation. For one thing, the 2022 total of $2.05B was before the Bowl. After the Bowl, the foundation grew to $2.11B, an increase of only 1%. The Bowl victory did little, if anything, for their academics.

Sports don't do what people assume they will do. Consider that BeSSiE (our Beloved Sister School to the East) is over 3 times larger than Tulane, and presumably has over 3 times the number of alums. Forget making the playoff: LSU has won several NCs in the past few decades, and yet their foundation is only 1/3 the size of TU's.

I would imagine that LSU's athletic budget, and NIL deals, are several times as large as TU's, though.

LSU is a good example of my point: They think athletics will take care of everything... and they don't question it. So they don't make academics a priority, because they really only care about sports. Which is how a 'little' school like UL, who, despite ridiculously diminished resources, focuses on academics and passes LSU in research.

Here's the growth of the TU Foundation. Again, athletics don't explain the growth. Focusing your donors and your community on academics is how you grow your foundation.

And your university.

When was the last time 20,000 people came watch a chemistry experiment?

[Turbine]

Tulanes endowment amount is probably directly related to the generational wealth of their alumni.

I would not be surprised if Louisiana's per alumni, per asset valuation, per donations percentage was greater than most universities.

Humble beginnings.

[covcaj]

When was the last time 20,000 people came watch a chemistry experiment?

Don’t understand your point.