Should USU Create an Endowment for the Head FB Coaching Position?

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ChicAggie
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Should USU Create an Endowment for the Head FB Coaching Position?

Post by ChicAggie » December 1st, 2018, 11:48 am

https://www.nytimes.com/2012/08/27/spor ... -jobs.html

Would this even be possible at USU with a finite number of uber-wealthy donors interested in football? Thoughts?


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Re: Should USU Create an Endowment for the Head FB Coaching Position?

Post by TheAKAggie » December 1st, 2018, 11:52 am



Hail Aggies!

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Re: Should USU Create an Endowment for the Head FB Coaching Position?

Post by dogie » December 1st, 2018, 12:48 pm

As far as I know, the MOF is an annual donation fund, with the money being spent each year on coaches’ salaries. It’s a good program, but it isn’t an endowment with the corpus being held in perpetuity and earnings being spent on salaries.



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Re: Should USU Create an Endowment for the Head FB Coaching Position?

Post by bwcrc » December 1st, 2018, 1:04 pm

As a student I remember speaking with the VP for Advancement and he said it required about $250,000 for an endowed scholarship fund. This was around 2000 (dang I'm getting older, but that is the goal) and tuition was something like $4,000 per year. I do not recall now whether that was for more than one scholarship or not. Assuming it was for a single scholarship, it would probably require at least $25 million before a coach's endowment could even start to be a feasible source of revenue to perpetually help with salaries for coaches.



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Re: Should USU Create an Endowment for the Head FB Coaching Position?

Post by ChicAggie » December 1st, 2018, 3:01 pm

Anyone have a spare $25M sitting around?


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Re: Should USU Create an Endowment for the Head FB Coaching Position?

Post by AndroidAggie » December 1st, 2018, 3:32 pm

ChicAggie wrote:
December 1st, 2018, 3:01 pm
Anyone have a spare $25M sitting around?
working on it



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Re: Should USU Create an Endowment for the Head FB Coaching Position?

Post by Imakeitrain » December 1st, 2018, 3:36 pm

tbh I think there are donors who’d consider a split-interest agreement that set one up.

Problem is, those can be very problematic for the school during a down turn in the market.

When I win the next $1.4 B. powerball, I’ll set one up.


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Re: Should USU Create an Endowment for the Head FB Coaching Position?

Post by NavyBlueAggie » December 1st, 2018, 8:47 pm

ChicAggie wrote:
December 1st, 2018, 3:01 pm
Anyone have a spare $25M sitting around?
ChicAggie has a firm grip on reality here folks. It takes a serious amount of seed money to generate any real Endowment purse.



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