OT: Stanford fundraising 2016-17 - Printable Version
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Re: OT: Stanford fundraising 2016-17 - CornFed - 02-06-2018
(02-06-2018, 11:17 AM)BigEasyCard link Wrote:A recent analysis projects Stanford's liability for the new tax on endowment income at $40 million:
https://www.marketwatch.com/story/hit-to-leading-universities-from-new-tax-may-be-in-tens-of-millions-of-dollars-2018-01-16
That's potentially a significant negative impact against a scholarship budget of $177 million annually.
The impact of the tax law is estimated to be $40mm, but just to clarify for myself, the size of the impact should be measured against its total net income. That is quite a bit larger than $177mm I presume which mean that the scholarship budget is not b.earing the burden of this cost by itself. May be obvious, but the wording seemed to lead one to connect $40mm tax to the $177mm scholarship budget.
Re: OT: Stanford fundraising 2016-17 - CornFed - 02-06-2018
(02-06-2018, 11:17 AM)BigEasyCard link Wrote:A recent analysis projects Stanford's liability for the new tax on endowment income at $40 million:
https://www.marketwatch.com/story/hit-to-leading-universities-from-new-tax-may-be-in-tens-of-millions-of-dollars-2018-01-16
That's potentially a significant negative impact against a scholarship budget of $177 million annually.
The impact of the tax law is estimated to be $40mm, but just to clarify for myself, the size of the impact should be measured against its total net income. That is quite a bit larger than $177mm I presume which mean that the scholarship budget is not b.earing the burden of this cost by itself. May be obvious, but the wording seemed to lead one to connect $40mm tax to the $177mm scholarship budget.
Re: OT: Stanford fundraising 2016-17 - 82lsju - 02-06-2018
(02-06-2018, 02:22 PM)CornFed link Wrote:[quote author=BigEasyCard link=topic=18685.msg223250#msg223250 date=1517941031]
A recent analysis projects Stanford's liability for the new tax on endowment income at $40 million:
https://www.marketwatch.com/story/hit-to-leading-universities-from-new-tax-may-be-in-tens-of-millions-of-dollars-2018-01-16
That's potentially a significant negative impact against a scholarship budget of $177 million annually.
The impact of the tax law is estimated to be $40mm, but just to clarify for myself, the size of the impact should be measured against its total net income. That is quite a bit larger than $177mm I presume which mean that the scholarship budget is not b.earing the burden of this cost by itself. May be obvious, but the wording seemed to lead one to connect $40mm tax to the $177mm scholarship budget.
[/quote]
correct, a tax of $40m, the endowment distributed $1.2b last year......
The value of the universitys endowment itself was $24.8 billion on August 31, 2017, the end of the universitys fiscal year. The endowment disbursed $1.2 billion to support academic programs and financial aid during the fiscal year, equal to 5.2 percent of the endowments value at the beginning of the fiscal year.
https://news.stanford.edu/2017/10/05/annual-financial-results-investment-return-endowment/
Re: OT: Stanford fundraising 2016-17 - 82lsju - 02-06-2018
(02-06-2018, 02:22 PM)CornFed link Wrote:[quote author=BigEasyCard link=topic=18685.msg223250#msg223250 date=1517941031]
A recent analysis projects Stanford's liability for the new tax on endowment income at $40 million:
https://www.marketwatch.com/story/hit-to-leading-universities-from-new-tax-may-be-in-tens-of-millions-of-dollars-2018-01-16
That's potentially a significant negative impact against a scholarship budget of $177 million annually.
The impact of the tax law is estimated to be $40mm, but just to clarify for myself, the size of the impact should be measured against its total net income. That is quite a bit larger than $177mm I presume which mean that the scholarship budget is not b.earing the burden of this cost by itself. May be obvious, but the wording seemed to lead one to connect $40mm tax to the $177mm scholarship budget.
[/quote]
correct, a tax of $40m, the endowment distributed $1.2b last year......
The value of the universitys endowment itself was $24.8 billion on August 31, 2017, the end of the universitys fiscal year. The endowment disbursed $1.2 billion to support academic programs and financial aid during the fiscal year, equal to 5.2 percent of the endowments value at the beginning of the fiscal year.
https://news.stanford.edu/2017/10/05/annual-financial-results-investment-return-endowment/
Re: OT: Stanford fundraising 2016-17 - BigEasyCard - 02-06-2018
(02-06-2018, 02:59 PM)eric link Wrote:[quote author=CornFed link=topic=18685.msg223270#msg223270 date=1517952124]
[quote author=BigEasyCard link=topic=18685.msg223250#msg223250 date=1517941031]
A recent analysis projects Stanford's liability for the new tax on endowment income at $40 million:
https://www.marketwatch.com/story/hit-to-leading-universities-from-new-tax-may-be-in-tens-of-millions-of-dollars-2018-01-16
That's potentially a significant negative impact against a scholarship budget of $177 million annually.
The impact of the tax law is estimated to be $40mm, but just to clarify for myself, the size of the impact should be measured against its total net income. That is quite a bit larger than $177mm I presume which mean that the scholarship budget is not b.earing the burden of this cost by itself. May be obvious, but the wording seemed to lead one to connect $40mm tax to the $177mm scholarship budget.
[/quote]
correct, a tax of $40m, the endowment distributed $1.2b last year......
The value of the universitys endowment itself was $24.8 billion on August 31, 2017, the end of the universitys fiscal year. The endowment disbursed $1.2 billion to support academic programs and financial aid during the fiscal year, equal to 5.2 percent of the endowments value at the beginning of the fiscal year.
https://news.stanford.edu/2017/10/05/annual-financial-results-investment-return-endowment/
[/quote]
Yes, I was connecting the amount of the tax to the size of the scholarship budget. At more than 20% of the scholarship budget, it's a significant number. Fortunately Stanford has the resources to adapt to this additional expenditure. However, I think that Stanford can spend those funds more effectively than can the federal government.
And since I'm treading close to the politics line, I'll leave it at that.
Re: OT: Stanford fundraising 2016-17 - BigEasyCard - 02-06-2018
(02-06-2018, 02:59 PM)eric link Wrote:[quote author=CornFed link=topic=18685.msg223270#msg223270 date=1517952124]
[quote author=BigEasyCard link=topic=18685.msg223250#msg223250 date=1517941031]
A recent analysis projects Stanford's liability for the new tax on endowment income at $40 million:
https://www.marketwatch.com/story/hit-to-leading-universities-from-new-tax-may-be-in-tens-of-millions-of-dollars-2018-01-16
That's potentially a significant negative impact against a scholarship budget of $177 million annually.
The impact of the tax law is estimated to be $40mm, but just to clarify for myself, the size of the impact should be measured against its total net income. That is quite a bit larger than $177mm I presume which mean that the scholarship budget is not b.earing the burden of this cost by itself. May be obvious, but the wording seemed to lead one to connect $40mm tax to the $177mm scholarship budget.
[/quote]
correct, a tax of $40m, the endowment distributed $1.2b last year......
The value of the universitys endowment itself was $24.8 billion on August 31, 2017, the end of the universitys fiscal year. The endowment disbursed $1.2 billion to support academic programs and financial aid during the fiscal year, equal to 5.2 percent of the endowments value at the beginning of the fiscal year.
https://news.stanford.edu/2017/10/05/annual-financial-results-investment-return-endowment/
[/quote]
Yes, I was connecting the amount of the tax to the size of the scholarship budget. At more than 20% of the scholarship budget, it's a significant number. Fortunately Stanford has the resources to adapt to this additional expenditure. However, I think that Stanford can spend those funds more effectively than can the federal government.
And since I'm treading close to the politics line, I'll leave it at that.
Re: OT: Stanford fundraising 2016-17 - 2006alum - 02-06-2018
(02-06-2018, 03:17 PM)BigEasyCard link Wrote:The impact of the tax law is estimated to be $40mm...  However, I think that Stanford can spend those funds more effectively than can the federal government.
And since I'm treading close to the politics line, I'll leave it at that.
On this board, that statement isn't politics, it's irrefutable truth! ;)
Re: OT: Stanford fundraising 2016-17 - 2006alum - 02-06-2018
(02-06-2018, 03:17 PM)BigEasyCard link Wrote:The impact of the tax law is estimated to be $40mm...  However, I think that Stanford can spend those funds more effectively than can the federal government.
And since I'm treading close to the politics line, I'll leave it at that.
On this board, that statement isn't politics, it's irrefutable truth! ;)
Re: OT: Stanford fundraising 2016-17 - JustAnotherFan - 02-06-2018
(02-06-2018, 01:35 PM)CTcard link Wrote:* For wealthy universities like Stanford, Harvard, et al., the current complaint that I have seen most often among those who generally understand the situation is that while sure Stanford provides generous aid for those who get admitted and need it, they have admissions policies that don't allow many needy students in - thus effectively negating the generous aid policies.
I'm quoting this because it deserves to be read again, and for those who missed it the first time.
Re: OT: Stanford fundraising 2016-17 - JustAnotherFan - 02-06-2018
(02-06-2018, 01:35 PM)CTcard link Wrote:* For wealthy universities like Stanford, Harvard, et al., the current complaint that I have seen most often among those who generally understand the situation is that while sure Stanford provides generous aid for those who get admitted and need it, they have admissions policies that don't allow many needy students in - thus effectively negating the generous aid policies.
I'm quoting this because it deserves to be read again, and for those who missed it the first time.
Re: OT: Stanford fundraising 2016-17 - Mick - 02-06-2018
(02-06-2018, 09:51 AM)JustAnotherFan link Wrote:Isn't that 82% number pretty misleading? Many of them are from affluent families who covered the full cost of attendance, as opposed to benefiting from a financial aid system that is one of the most generous in the nation to those of lesser means.
The other reason it's misleading is that while the students may not graduate with debt, their parents certainly do.
Re: OT: Stanford fundraising 2016-17 - Mick - 02-06-2018
(02-06-2018, 09:51 AM)JustAnotherFan link Wrote:Isn't that 82% number pretty misleading? Many of them are from affluent families who covered the full cost of attendance, as opposed to benefiting from a financial aid system that is one of the most generous in the nation to those of lesser means.
The other reason it's misleading is that while the students may not graduate with debt, their parents certainly do.
Re: OT: Stanford fundraising 2016-17 - g1313 - 02-07-2018
What is it misleading you into believing?
(02-06-2018, 07:03 PM)Mick link Wrote:[quote author=JustAnotherFan link=topic=18685.msg223234#msg223234 date=1517935883]
Isn't that 82% number pretty misleading? Many of them are from affluent families who covered the full cost of attendance, as opposed to benefiting from a financial aid system that is one of the most generous in the nation to those of lesser means.
The other reason it's misleading is that while the students may not graduate with debt, their parents certainly do.
[/quote]
Re: OT: Stanford fundraising 2016-17 - g1313 - 02-07-2018
What is it misleading you into believing?
(02-06-2018, 07:03 PM)Mick link Wrote:[quote author=JustAnotherFan link=topic=18685.msg223234#msg223234 date=1517935883]
Isn't that 82% number pretty misleading? Many of them are from affluent families who covered the full cost of attendance, as opposed to benefiting from a financial aid system that is one of the most generous in the nation to those of lesser means.
The other reason it's misleading is that while the students may not graduate with debt, their parents certainly do.
[/quote]
Re: OT: Stanford fundraising 2016-17 - Mick - 02-07-2018
From the press release: "Other gifts provided support for student financial aid. In June 2017, 82 percent of undergraduate students graduated with zero student loan debt. Of the remaining students who did take out loans, the median amount of debt was $13,000 less than half the national average. "
It misleads me into believing that 82% of all student educations are paid for by financial aid gifts, or that students have small student loans, when in point of fact, middle class parents borrow an inordinate amount of money to pay for these educations.
(02-07-2018, 12:46 AM)g1313 link Wrote:What is it misleading you into believing?
[quote author=Mick link=topic=18685.msg223304#msg223304 date=1517968991]
[quote author=JustAnotherFan link=topic=18685.msg223234#msg223234 date=1517935883]
Isn't that 82% number pretty misleading? Many of them are from affluent families who covered the full cost of attendance, as opposed to benefiting from a financial aid system that is one of the most generous in the nation to those of lesser means.
The other reason it's misleading is that while the students may not graduate with debt, their parents certainly do.
[/quote]
[/quote]
Re: OT: Stanford fundraising 2016-17 - Mick - 02-07-2018
From the press release: "Other gifts provided support for student financial aid. In June 2017, 82 percent of undergraduate students graduated with zero student loan debt. Of the remaining students who did take out loans, the median amount of debt was $13,000 less than half the national average. "
It misleads me into believing that 82% of all student educations are paid for by financial aid gifts, or that students have small student loans, when in point of fact, middle class parents borrow an inordinate amount of money to pay for these educations.
(02-07-2018, 12:46 AM)g1313 link Wrote:What is it misleading you into believing?
[quote author=Mick link=topic=18685.msg223304#msg223304 date=1517968991]
[quote author=JustAnotherFan link=topic=18685.msg223234#msg223234 date=1517935883]
Isn't that 82% number pretty misleading? Many of them are from affluent families who covered the full cost of attendance, as opposed to benefiting from a financial aid system that is one of the most generous in the nation to those of lesser means.
The other reason it's misleading is that while the students may not graduate with debt, their parents certainly do.
[/quote]
[/quote]
Re: OT: Stanford fundraising 2016-17 - BostonCard - 02-07-2018
Stanford does not charge tuition to families making under $125,000 and does not charge tuition or room and board to families making under $65,000. That corresponds to the 82nd and 58th percentile of household income, respectively.
It's probably fair to rephrase your statement as "upper middle class parents borrow an inordinate amount of money to pay for these educations."
BC
Re: OT: Stanford fundraising 2016-17 - BostonCard - 02-07-2018
Stanford does not charge tuition to families making under $125,000 and does not charge tuition or room and board to families making under $65,000. That corresponds to the 82nd and 58th percentile of household income, respectively.
It's probably fair to rephrase your statement as "upper middle class parents borrow an inordinate amount of money to pay for these educations."
BC
Re: OT: Stanford fundraising 2016-17 - JustAnotherFan - 02-07-2018
(02-07-2018, 10:57 AM)Boston Card link Wrote:Stanford does not charge tuition to families making under $125,000 and does not charge tuition or room and board to families making under $65,000. That corresponds to the 82nd and 58th percentile of household income, respectively.
And what does that correspond to for the incoming class? I'm guessing 15th and 5th percentiles.
Re: OT: Stanford fundraising 2016-17 - JustAnotherFan - 02-07-2018
(02-07-2018, 10:57 AM)Boston Card link Wrote:Stanford does not charge tuition to families making under $125,000 and does not charge tuition or room and board to families making under $65,000. That corresponds to the 82nd and 58th percentile of household income, respectively.
And what does that correspond to for the incoming class? I'm guessing 15th and 5th percentiles.