Re: Athletic Enhancement Endowment
2nd Quarter 2013 Update on the Athletics Enhancement Endowment:
As of 3/31/2007 the balance is $ 20,700. 3 different contributors life to date.
As of 6/28/2007 the balance is $ 21,200. 3 different contributors life to date.
As of 9/30/2007 the balance is $ 22,130. 5 different contributors life to date.
As of 12/31/2007 the balance is $ 25,870. 6 different contributors life to date.
As of 03/31/2008 the balance is $ 28,981. 7 different contributors life to date.
As of 06/30/2008 the balance is $ 36,875 . 8 different contributors life to date.
As of 09/30/2008 the balance is $ 36,965 . 8 different contributors life to date.
As of 12/31/2008 the balance is $ 36,965 . 8 different contributors life to date.
As of 03/31/2009 the balance is $ 37,982 . 9 different contributors life to date.
As of 06/30/2009 the balance is $ 42,465 . 11 different contributors life to date.
As of 09/30/2009 the balance is $ 42,490 . 11 different contributors life to date.
As of 12/31/2009 the balance is $ 42,507 . 11 different contributors life to date.
As of 03/31/2010 the balance is $ 43,087 - 12 different contributors life to date.
As of 06/30/2010 the balance is $ 51,482 - 13 different contributors life to date.
As of 09/30/2010 the balance is $ 51,677 - 13 different contributors life to date.
As of 12/31/2010 the balance is $ 51,707 - 13 different contributors life to date
As of 03/31/2011 the balance is $ 57,232 - 14 different contributors life to date
As of 06/30/2011 the balance is $ 60,076 - 16 different contributors life to date
As of 09/30/2011 the balance is $ 60,613 - 18 different contributors life to date
As of 12/31/2011 the balance is $ 60,851 - 18 different contributors life to date
As of 03/31/2012 the balance is $ 60,889 - 18 different contributors life to date
As of 06/30/2012 the balance is $ 68,157 - 19 different contributors life to date
As of 09/30/2012 the balance is $ 68,932 - 20 different contributors life to date
As of 12/31/2012 the balance is $ 71,782 - 21 different contributors life to date
As of 06/30/2013 the balance is $ 78,090 - 22 different contributors life to date
The balance on hand at the end of June '13 will be used for the July '14 payout.
Re: Athletic Enhancement Endowment
FYI If you have this setup to auto pay go double check my Other category was listed as Athletics Enhancement Endowment, but after the first autopay it was changed to Memorial Gym Floor Covering.
Re: Athletic Enhancement Endowment
It's much better to give to the Louisiana Tech Athletic Enhancement Endowment than to the federal government. Save taxes and give to Tech, its a win win.
Re: Athletic Enhancement Endowment
As of 12/31/2013 the balance is $ 78,945 - 24 different contributors life to date
The balance on hand at the end of June '14 will be used for the July '15 payout.
Re: Athletic Enhancement Endowment
As of 03/31/2014 the balance is $ 79,995 - 25 different contributors life to date
The balance on hand at the end of June '14 will be used for the July '15 payout
Re: Athletic Enhancement Endowment
Re: Athletic Enhancement Endowment
Quote:
Originally Posted by
GermDawg
ows the fund going?
The fund as of end of June, 2014 is at $88k. Hopefully it will make $100k by June 2015. If anyone that has some change lying around, send the donation to the Foundation with a designation of "Athletics Enhancement Endowment".
Re: Athletic Enhancement Endowment
Quote:
Originally Posted by
Tech78
The endowment was started in January 2007. The first payout to athletics was made for the '08--'09 academic year. The Foundation Board sets the percentage each year. The payout amount is based on the endowment's corpus from the previous year's June 30th balance.
The payout history for the endowment:
2008-2009 -- $ 981 for Athletics ticketing system
2009-2010 -- $ 683 for Athletics facilities landscaping improvements
2010-2011 -- $1,111 for Tech logos at JAS
2011-2012 -- $1,871 for equipment updates for sports medicine / trainers
2012-2013 -- $2,165 lights for soccer field
2013-2014 -- $2,473 to be determined
Total to date $9,284
Remember that donations prior to June 30, 2013 will benefit the payout next year - make that 2013 donation to the endowment NOW!!!!
So what was the 13/14 Payout used for? And how much is the 14/15
Re: Athletic Enhancement Endowment
Quote:
Originally Posted by
GermDawg
So what was the 13/14 Payout used for? And how much is the 14/15
There was a snafu with last year's payout as it was included with athletics' endowed scholarship dollars. I got with Athletics and Foundation staff to make some changes so that will not happen again.
The 14/15 amount is $3,310 which is 4% of $82,743. The payout next year is anticipated to be 4% again and the corpus has increased since last year.
I am currently soliciting Athletics for needs.
Re: Athletic Enhancement Endowment
After a year long absence due to a child being born I will be donating 100% of my LTAC donations to this noble cause.
Re: Athletic Enhancement Endowment
2nd Quarter 2015 Update on the Athletics Enhancement Endowment:
As of 3/31/2007 the balance is $ 20,700. 3 different contributors life to date.
As of 6/28/2007 the balance is $ 21,200. 3 different contributors life to date.
As of 9/30/2007 the balance is $ 22,130. 5 different contributors life to date.
As of 12/31/2007 the balance is $ 25,870. 6 different contributors life to date.
As of 03/31/2008 the balance is $ 28,981. 7 different contributors life to date.
As of 06/30/2008 the balance is $ 36,875 . 8 different contributors life to date.
As of 09/30/2008 the balance is $ 36,965 . 8 different contributors life to date.
As of 12/31/2008 the balance is $ 36,965 . 8 different contributors life to date.
As of 03/31/2009 the balance is $ 37,982 . 9 different contributors life to date.
As of 06/30/2009 the balance is $ 42,465 . 11 different contributors life to date.
As of 09/30/2009 the balance is $ 42,490 . 11 different contributors life to date.
As of 12/31/2009 the balance is $ 42,507 . 11 different contributors life to date.
As of 03/31/2010 the balance is $ 43,087 - 12 different contributors life to date.
As of 06/30/2010 the balance is $ 51,482 - 13 different contributors life to date.
As of 09/30/2010 the balance is $ 51,677 - 13 different contributors life to date.
As of 12/31/2010 the balance is $ 51,707 - 13 different contributors life to date
As of 03/31/2011 the balance is $ 57,232 - 14 different contributors life to date
As of 06/30/2011 the balance is $ 60,076 - 16 different contributors life to date
As of 09/30/2011 the balance is $ 60,613 - 18 different contributors life to date
As of 12/31/2011 the balance is $ 60,851 - 18 different contributors life to date
As of 03/31/2012 the balance is $ 60,889 - 18 different contributors life to date
As of 06/30/2012 the balance is $ 68,157 - 19 different contributors life to date
As of 09/30/2012 the balance is $ 68,932 - 20 different contributors life to date
As of 12/31/2012 the balance is $ 71,782 - 21 different contributors life to date
As of 06/30/2013 the balance is $ 78,090 - 22 different contributors life to date
As of 03/31/2015 the balance is $ 97,565 - 27 different contributors life to date
The balance on hand August 31, 2015 will be used for the July '16 payout.
The endowment was started in January 2007. The first payout to athletics was made for the '08--'09 academic year. The Foundation Board sets the percentage each year. The payout amount is based on the endowment's corpus from the previous year's June 30th balance.
The payout history for the endowment:
2008-2009 -- $ 981 for Athletics ticketing system
2009-2010 -- $ 683 for Athletics facilities landscaping improvements
2010-2011 -- $1,111 for Tech logos at JAS
2011-2012 -- $1,871 for equipment updates for sports medicine / trainers
2012-2013 -- $2,165 lights for soccer field
2013-2014 -- $2,473 athletic's scholarship fund
2014-2015 -- $3,310 Sport and Movement Laboratory
2015-2016 -- $3,706 Sport and Movement Laboratory
Total to date $16,300 paid out.
Remember that donations prior to August 31, 2015 will benefit the payout next year - make that 2015 donation to the endowment NOW by designating it to the Athletics Enhancement Endowment. Send to La Tech Foundation - LTAC.
Re: Athletic Enhancement Endowment
Quote:
Originally Posted by
Tech78
2nd Quarter 2015 Update on the Athletics Enhancement Endowment:
As of 3/31/2007 the balance is $ 20,700. 3 different contributors life to date.
As of 6/28/2007 the balance is $ 21,200. 3 different contributors life to date.
As of 9/30/2007 the balance is $ 22,130. 5 different contributors life to date.
As of 12/31/2007 the balance is $ 25,870. 6 different contributors life to date.
As of 03/31/2008 the balance is $ 28,981. 7 different contributors life to date.
As of 06/30/2008 the balance is $ 36,875 . 8 different contributors life to date.
As of 09/30/2008 the balance is $ 36,965 . 8 different contributors life to date.
As of 12/31/2008 the balance is $ 36,965 . 8 different contributors life to date.
As of 03/31/2009 the balance is $ 37,982 . 9 different contributors life to date.
As of 06/30/2009 the balance is $ 42,465 . 11 different contributors life to date.
As of 09/30/2009 the balance is $ 42,490 . 11 different contributors life to date.
As of 12/31/2009 the balance is $ 42,507 . 11 different contributors life to date.
As of 03/31/2010 the balance is $ 43,087 - 12 different contributors life to date.
As of 06/30/2010 the balance is $ 51,482 - 13 different contributors life to date.
As of 09/30/2010 the balance is $ 51,677 - 13 different contributors life to date.
As of 12/31/2010 the balance is $ 51,707 - 13 different contributors life to date
As of 03/31/2011 the balance is $ 57,232 - 14 different contributors life to date
As of 06/30/2011 the balance is $ 60,076 - 16 different contributors life to date
As of 09/30/2011 the balance is $ 60,613 - 18 different contributors life to date
As of 12/31/2011 the balance is $ 60,851 - 18 different contributors life to date
As of 03/31/2012 the balance is $ 60,889 - 18 different contributors life to date
As of 06/30/2012 the balance is $ 68,157 - 19 different contributors life to date
As of 09/30/2012 the balance is $ 68,932 - 20 different contributors life to date
As of 12/31/2012 the balance is $ 71,782 - 21 different contributors life to date
As of 06/30/2013 the balance is $ 78,090 - 22 different contributors life to date
As of 03/31/2015 the balance is $ 97,565 - 27 different contributors life to date
The balance on hand August 31, 2015 will be used for the July '16 payout.
The endowment was started in January 2007. The first payout to athletics was made for the '08--'09 academic year. The Foundation Board sets the percentage each year. The payout amount is based on the endowment's corpus from the previous year's June 30th balance.
The payout history for the endowment:
2008-2009 -- $ 981 for Athletics ticketing system
2009-2010 -- $ 683 for Athletics facilities landscaping improvements
2010-2011 -- $1,111 for Tech logos at JAS
2011-2012 -- $1,871 for equipment updates for sports medicine / trainers
2012-2013 -- $2,165 lights for soccer field
2013-2014 -- $2,473 athletic's scholarship fund
2014-2015 -- $3,310 Sport and Movement Laboratory
2015-2016 -- $3,706 Sport and Movement Laboratory
Total to date $16,300 paid out.
Remember that donations prior to August 31, 2015 will benefit the payout next year - make that 2015 donation to the endowment NOW by designating it to the Athletics Enhancement Endowment. Send to La Tech Foundation - LTAC.
I upped mine, mainly due to parking pass tomfoolery, but I had a secondary question. Have we considered reinvesting part or all of the payout to grow the fund faster?
Re: Athletic Enhancement Endowment
Quote:
Originally Posted by
GermDawg
I upped mine, mainly due to parking pass tomfoolery, but I had a secondary question. Have we considered reinvesting part or all of the payout to grow the fund faster?
No that hasn't been considered - not that it couldn't. One would need to address what the intent of an endowment is, and they can be pointed to many different objectives i.e. fund a scholarship annually (known amount), accrue earnings over a period of years to replace weight-room items every 5 years (known amount), provide operating funds (variable amount). So to reinvest the earnings only to grow more earnings would mean that some ultimate earnings goal is being pursued.
An example would be if we wanted to pursue endowing an athletic scholarship and the scholarship need is known to be $20k a year and the estimated average payout from an endowment fund is 4% per annum; the endowment would need to be $500,000. Let's say a donor left us $300k in their will for funding a scholarship, the annual earnings could be added back to the corpus until it reached the $500k needed to fully fund a scholarship athlete. This implies no one else was going to add to the corpus to reach the $500k amount.
The Athletics Enhancement Endowment was not intended to fund a specific need, only be used to "enhance the department" based on an annual needs assessment. I think it is correct to say that all other endowments related to athletics are for scholarships. Saving multiple years of earnings to make a larger cost enhancement purchase fits the endowments intent, but reinvesting to grow it faster does not.
Much more could be said. I hope my ramble made some sense?
Re: Athletic Enhancement Endowment
Quote:
Originally Posted by
Tech78
No that hasn't been considered - not that it couldn't. One would need to address what the intent of an endowment is, and they can be pointed to many different objectives i.e. fund a scholarship annually (known amount), accrue earnings over a period of years to replace weight-room items every 5 years (known amount), provide operating funds (variable amount). So to reinvest the earnings only to grow more earnings would mean that some ultimate earnings goal is being pursued.
An example would be if we wanted to pursue endowing an athletic scholarship and the scholarship need is known to be $20k a year and the estimated average payout from an endowment fund is 4% per annum; the endowment would need to be $500,000. Let's say a donor left us $300k in their will for funding a scholarship, the annual earnings could be added back to the corpus until it reached the $500k needed to fully fund a scholarship athlete. This implies no one else was going to add to the corpus to reach the $500k amount.
The Athletics Enhancement Endowment was not intended to fund a specific need, only be used to "enhance the department" based on an annual needs assessment. I think it is correct to say that all other endowments related to athletics are for scholarships. Saving multiple years of earnings to make a larger cost enhancement purchase fits the endowments intent, but reinvesting to grow it faster does not.
Much more could be said. I hope my ramble made some sense?
Makes sense, just thinking of could their be bigger and better things we could buy if we waited a few years, which would mean you need a goal. Out of the blue example, but I remember one of the early concepts for the area around the stadium to have more trees, a Champions Walkway, with a statue etc, if we wanted to pay for that or part of that we could save for a few years and make a bigger donations for X number of years.
Re: Athletic Enhancement Endowment
Quote:
Originally Posted by
GermDawg
Makes sense, just thinking of could their be bigger and better things we could buy if we waited a few years, which would mean you need a goal. Out of the blue example, but I remember one of the early concepts for the area around the stadium to have more trees, a Champions Walkway, with a statue etc, if we wanted to pay for that or part of that we could save for a few years and make a bigger donations for X number of years.
I like your thought. We would need to have the AD share some thoughts on what could be done along those lines. I'll have to set up a meeting with him to discuss possibilities. They are consumed with the SEZ project and basically meeting the budget. In the recent past, when I have asked for small dollar improvement needs I get nothing but a big silence. Maybe upping the goal to bigger and better might get some reaction. Worth a shot.