07-31-2020, 05:11 PM
(07-31-2020, 04:14 PM)82lsju Wrote:(07-31-2020, 03:59 PM)chrisk Wrote:(07-31-2020, 03:24 PM)82lsju Wrote: from the letterI don’t remember the exact number. I though it was around 35.
Quote:One of the fund’s most important roles is covering the $5M in annual scholarship expenses that are not currently endowed
we offer "over 350" scholarships now
https://facts.stanford.edu/campuslife/at...%20sports.
If I SWAG the cost of an endowed scholarship at ~$80k (https://financialaid.stanford.edu/underg...index.html ) then that gives me ~60 unendowed scholarships so ~290 of them appear to be fully endowed today. Anyone recall how many scholarships will eventually be eliminated (yes some not for four years) by the recently eliminated 11 teams
When I get home, I can check the total scholarship expense. 350 sounds low.
well it does say "over 350" but I'd guess it is below 400 (or it would say "over 400") so maybe 375 in total today so maybe ~315 are fully endowed now, ~35 eventually go away so of the ~60 unendowed scholarships it would seen they want long term funding for ~25 of them that would remain (assuming no more cuts)
I looked up the budget for the year just ending. The total athletic scholarship budget was $28,655K, of which $24,759K was from endowed funds and $3,896K was from expendable funds. It looks like he rounded up some and they may be expecting the endowment money to drop some and needs to be backfilled. The $5M may include the scholarships being cut since some of them will continue 4 more years.
