Consultant Hired for Transition

[star2city]

I'm just wondering star, where does that $160M current figure come from? The last number I saw was about $90M. Did I miss a news release or speech or something? I try to keep on top of stuff like that(it's a hobby - exciting, I know), so I'm honestly curious.

The Herald editorial this morning states the endowment is now $165 M.

-- Annual giving to the university has nearly doubled since 2002, rising from $10.9 million a year to $19.9 million. The university's endowment has grown from $121 million in 2002 to $165 million today; UND's strategic plan calls for the endowment to reach $500 million, possibly by 2012.

[southpaw]

I'm just wondering star, where does that $160M current figure come from? The last number I saw was about $90M. Did I miss a news release or speech or something? I try to keep on top of stuff like that(it's a hobby - exciting, I know), so I'm honestly curious.

the always concerned bison economist.... never stop worrying about UND's financial future. great to know so many accountants throughout the fargo are looking out for the sioux's interests

[PCM]

the always concerned bison economist.... never stop worrying about UND's financial future. great to know so many accountants throughout the fargo are looking out for the sioux's interests

It's almost like having Allstate for our insurance company.

[Hammersmith]

Thanks star, I hadn't seen that yet.

Just to defend myself a bit: I'm not an accountant, I'm an educator who finds educational systems interesting. Things like transitions, growth, public relations, and financial planning are all fascinating to me. Yes, I'm a blast at parties, too. I'm far more interested in NDSU's situation/future, but the more I learn about UND, the more I understand NDSU. It's true that my posts are often somewhat negative in tone, but I tend not to post on matters that have already been addressed, choosing instead to point out the dust balls hiding in the dark corners that most people miss. I do this on bisonville as well. I'm aff with a gentler disposition.

In this case, it appears there is a difference in the way UND and I count endowments. I was using the SBoHE's financial report and only counting the endowment investments($89.3M in FY05), while it seems UND was using the total assests of the UND Foundation($143.6M in FY05) as its figure. Since I'm a total amateur at this, I don't know if one way of counting is better than the other, but at least I now know which figures to use when comparing the campuses. In case any of you are wondering, the comparisons are(NDSU/UND): $69.9M/$89.3M and $103.5M/143.6M for FY05. I'm hoping the FY06 report will be released sometime next month so we will have more than one year to compare.

Now you may continue mocking me.