All Hokie, All the Time. Period.

Virginia Tech Wrestling Board

GreenvilleVT

Joined: 8/31/07 Posts: 4458
Likes: 3688


Athletic endowments correct. But the larger core endowments


At university’s are where the majority of each schools endowment resides. Much of those funds are restricted as the athletic endowments are. Most endowments have about a 5% spend rate on average. The problem on the horizon is that many of those things endowments are often invested in 50-60 equities and the rest in fixed income and alternatives including hedge funds. The hedge funds have been walloped this year and have been single digit returns (net of fees) for several years. 10 year Treasury is at 0.7%. Equities are about flat ytd. Not sure how any endowments are going to earn their spend rates so I expect many schools are considering lowering their spend versus the eating into principal. Then you add in lower state contributions to the mix. Schools also will see fewer foreign students who often pay full price. All in all an unfortunate mix of things. If football isn’t played I would expect more decisions along the lines of Stanford. Cancelling a program seems to be a more permanent move. I Have heard that some conferences are considering ways to reduce travel and non conference competitions. Many of the sports cut by Stanford are filled with great examples of student athletes who spend 4-5 years at a school and get a great degree. Unfortunately it appears many schools will have men’s basketball, football and enough to women’s teams to make the scholarship regs work.

(In response to this post by VTScoop)

Posted: 07/09/2020 at 08:23AM



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Current Thread:
 
  
Stanford just cut Wresting along with 10 other sports. -- HOKIE MAGIC 07/08/2020 1:21PM
  Brutal -- AllenHokie732 07/08/2020 2:47PM
  We should e reaching out to their 141... -- VPIGUY 07/08/2020 1:52PM
  What about Shane Griffith ... -- KCDale 07/08/2020 1:56PM
  That would be sweet -- Rokie08 07/08/2020 3:00PM
  He is an east coast kid .. -- KCDale 07/08/2020 3:04PM
  Yes, he and Mekhi have history. -- Rokie08 07/08/2020 3:25PM
  $27.7 billion Endowment and the cut wrestling -- OrangeHokieFan 07/08/2020 1:44PM
  They mentioned that in the press release. -- HOKIE MAGIC 07/08/2020 4:24PM
  Most endowments have strict rules as to what the funds -- GreenvilleVT 07/08/2020 8:48PM
  There is no 4% interest available anywhere. ** -- HokieJack 07/09/2020 6:25PM
  There is, when you are a $25B client -- jewilso2 07/11/2020 5:33PM
  Yep, exactly. ** -- HOKIE MAGIC 07/08/2020 5:34PM
  Endowments generally aren’t used to fund -- GreenvilleVT 07/08/2020 8:49PM
  That is not exactly true........ -- VTScoop 07/08/2020 10:05PM
  $400-500M endowment for sports ** -- AirborneHokie96 07/08/2020 3:10PM
  Wow ... -- KCDale 07/08/2020 1:36PM

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