$25 Million Donation Update??

[BVille44]

During the football game when the $25 million donation was made to the football program the Athletic Department stated an announcement would be made in Fall 2019 with regards to how the funds would be utilized. Has anyone heard anything about football related projects?

I would love to see a football operations center like the Melo Center. Here is the South Carolina facility.

Gamecocks' new $50M football operations center and the latest trend in college athletics extravagance

 

[NJCuse97]

During the football game when the $25 million donation was made to the football program the Athletic Department stated an announcement would be made in Fall 2019 with regards to how the funds would be utilized. Has anyone heard anything about football related projects?

I would love to see a football operations center like the Melo Center. Here is the South Carolina facility.

Gamecocks' new $50M football operations center and the latest trend in college athletics extravagance

Rumor is there’s an RFP on the street.

 

[syrBossHogg]

There was an article a little while ago about that donation and I think it mentioned ADJW was trying to get more donations added to it. Total guess but would think they’re aiming to build something similar to that Football Operations Center

 

[FrancoPizza]

Paging Mr. Weitsman...

 

[corpjet]

Paging Mr. Weitsman...

I love his support for the hoops team but spread the love my man! Dino is as lovable as Jimmy B!

 

[FrancoPizza]

I love his support for the hoops team but spread the love my man! Dino is as lovable as Jimmy B!

Jimmy B is a big SU football fan. You'd think the donors would be working Mr. Weitsman through Jimmy B. But nothing would surprise me.

 

[dollarbill44]

I heard SU invested the funds in an S&P 500 index fund and margined it to the hilt, so the $25 mil is now $14 mil. That's the bad news. The good news is that SU is recouping the lost funds by closing campus for the next 3+ weeks. If they can get 4 weeks out of this Covid-19 nonsense, they can turn it into $30 mil.
It might just be a rumor, however and I don't trust my source one bit.

 

[310Pigpen]

Jimmy B is a big SU football fan. You'd think the donors would be working Mr. Weitsman through Jimmy B. But nothing would surprise me.

He has a box for football so I wouldn’t be surprised if he has donated specifically to football.

 

[CbusCuse]

I heard SU invested the funds in an S&P 500 index fund and margined it to the hilt, so the $25 mil is now $14 mil. That's the bad news. The good news is that SU is recouping the lost funds by closing campus for the next 3+ weeks. If they can get 4 weeks out of this Covid-19 nonsense, they can turn it into $30 mil.
It might just be a rumor, however and I don't trust my source one bit.

.

Thats not funny...

 

[FrancoPizza]

I heard SU invested the funds in an S&P 500 index fund and margined it to the hilt, so the $25 mil is now $14 mil. That's the bad news. The good news is that SU is recouping the lost funds by closing campus for the next 3+ weeks. If they can get 4 weeks out of this Covid-19 nonsense, they can turn it into $30 mil.
It might just be a rumor, however and I don't trust my source one bit.

This better be a joke

 

[GreekFreak]

Two points:
1. YTD S&P 500 performance is -10.46% through yesterday and the market rose today. A -10.46% return would leave $22.4M.
2. On!y a complete idiot would invest 100% of the funds in the stock market if the funds will be needed in the short term. I don't believe that our folks in charge of this are idiots.

 

[Orijinal]

Two points:
1. YTD S&P 500 performance is -10.46% through yesterday and the market rose today. A -10.46% return would leave $22.4M.
2. On!y a complete idiot would invest 100% of the funds in the stock market if the funds will be needed in the short term. I don't believe that our folks in charge of this are idiots.

Woah, woah, woah. Let's all settle down. It was a joke

 

[Orijinal]

I heard Andrew Cuomo put a stop to all construction in New York State through the end of the year due to the fact that the Corona virus can be spread from dirty men working with their hands ...and you can get a serious cough and sniffle because of it

To make matters worse, Andrew Cuomo has siphoned off the $25 million dollar donation to the University, and reallocated it to the state's ongoing battle to make sure everyone overreacts to this surging epidemic

 

[4the Dubbz]

Two points:
1. YTD S&P 500 performance is -10.46% through yesterday and the market rose today. A -10.46% return would leave $22.4M.
2. On!y a complete idiot would invest 100% of the funds in the stock market if the funds will be needed in the short term. I don't believe that our folks in charge of this are idiots.

How many cups of coffee did you drink this morning? lol

 

[nzm136]

Two points:
1. YTD S&P 500 performance is -10.46% through yesterday and the market rose today. A -10.46% return would leave $22.4M.
2. On!y a complete idiot would invest 100% of the funds in the stock market if the funds will be needed in the short term. I don't believe that our folks in charge of this are idiots.

1. He was clearly joking.
2. I don’t think you understand how margin works.