Endowments almost always come with restrictions.

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Jul 8, 2020
3:48:29pm

Everyman All-American

Endowments almost always come with restrictions.

The restrictions vary from how/when/where they can be spent to how/when/where the cannot be used.

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Everyman

Previous username: Everymancoug
Bio page: Everyman
Joined: May 27, 2012
Last login: May 28, 2024
Total posts: 20,021 (105 FO)

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Messages

Author

Time

How does a University with 27+ Billion $$$ endowment cancel 11 sports?

RockyBalboa

7/8/20 3:41pm

With an open letter to the Stanford community; that's how!

Hoopster

7/8/20 3:47pm

Endowments almost always come with restrictions.

Everyman

7/8/20 3:48pm

Especially at Stanford, where athletics is embedded in the culture. Surprising

Iman23

7/8/20 3:54pm

I never thought Stanford would cut anything.

Carnac

7/8/20 3:57pm

As to your second paragraph, some have speculated that

Everyman

7/8/20 4:04pm

Maybe because none of that goes to support athletics? Best guess.

7/8/20 4:02pm

for those interested, here is what Stanford is eliminating

yahtzee

7/8/20 4:24pm

NOT SYNCHRONIZED SWIMMING!!!!

thirdgencoug

7/8/20 5:15pm

Well there goes their Director's Cup trophy.

scott715

7/8/20 8:54pm

Probably been itching to ditch the men's and women's squash teams for years

RenoCoug

7/8/20 4:36pm

i can see cuts for rowing, sailing, etc, but volleyball?

Hill4Heisman

7/8/20 6:06pm

If you cut the others you have to cut add’l men’s teams (v-ball + wrestling)

BYU'01

7/8/20 6:52pm

Amazing that they supported 36 sports compared to BYU's 19. Title IX probably

7/8/20 6:18pm

If football & basketball players need to be paid

BYU'01

7/8/20 6:57pm

Probably needed an excuse to cut some dead weight programs, although men's vball

BlooCoog

7/8/20 8:48pm

That's why men's volleyball surprised me.

Hill4Heisman

7/9/20 11:52am

It's a Title IV issue; they have to cut the number of male scholarship athletes

BYU'01

7/9/20 12:51pm

I crunched some numbers, very interesting, with an endowment that size they coul

akmewg

7/8/20 9:32pm

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