11-07-2018, 09:41 AM
(11-07-2018, 09:24 AM)Hulk01 Wrote: And in relative terms, our endowment is bottomless. As a comparison, we played TCU in a bowl game last year. TCU's total endowment is $1.6 billion. Last year, Stanford's return on its endowment was almost twice that: $2.9 billion. Stanford's endowment earns almost $8 million a day. A day.
This is why I don't understand regular Joe Schmoe alums donating to Stanford. It's a completely meaningless amount of money to the institution. If you're going to get your name on a building? Fine, whatever, you could help humanity far more somewhere else but everyone's got their own things. For people who are comfortable-but-not-wealthy? It seems insane.
