$586,651,144

[bisonaudit]

Note 3 provides some information on the timing of promises to give which I think people were asking after as well.

[GreenfieldBison]

When I was still in the hedge fund biz both of the funds I worked for managed substantial assets for endowments. One of those founders was a Yale-y and so not surprisingly we managed significant assets for Yale. This is NOT low risk money but it does generally juice returns quite significantly. Typically a responsible manager would allocate <= 15% of assets in a tax advantaged fund to this type of vehicle or similar. As audit says, time horizon is infinite so short term risk is essentially a non-factor.

Edit: when my father passed we endowed an academic scholarship in his name focused on his former department. Principal will grow indefinitely. We continue to add to it annually and it will gain a substantial boost when I permanently discontinue polluting this forum. As long as NDSU exists that fund will continue to benefit students directly.

[bisonaudit]

Apparently some would like you to believe that it’s a disgrace that only 70 something percent of this money is going to academics. Good luck with that argument.

[tony]

Apparently some would like you to believe that it’s a disgrace that only 70 something percent of this money is going to academics. Good luck with that argument.

Joel Heitkamp or Rob Port? Or both?

I'd love to hear their takes on the REA and Hitler-loving hockey donors.

[runtheoption]

Apparently some would like you to believe that it’s a disgrace that only 70 something percent of this money is going to academics. Good luck with that argument.

I just read Port's article. I figured he was way off with his numbers, so I immediately came here to see the truth. Audit and Tony, you should blast him with the facts.

[tony]

I just read Port's article. I figured he was way off with his numbers, so I immediately came here to see the truth. Audit and Tony, you should blast him with the facts.

What would be the point? He's a mendacious fuckwad.

[bisonaudit]

I just read Port's article. I figured he was way off with his numbers, so I immediately came here to see the truth. Audit and Tony, you should blast him with the facts.

There’s actually nothing wrong with his facts. My issues are with his presentation and his “conclusions”. I hesitate to call them that because it seems fairly obvious that the column was reverse engineered to “support” what he already thinks. Not an uncommon occurrence, just especially poorly targeted and executed in this instance, I think.

[runtheoption]

What would be the point? He's a mendacious fuckwad.

Mendacious fuckwad = Port. That's fact #1... keep going.

[runtheoption]

There’s actually nothing wrong with his facts. My issues are with his presentation and his “conclusions”. I hesitate to call them that because it seems fairly obvious that the column was reverse engineered to “support” what he already thinks. Not an uncommon occurrence, just especially poorly targeted and executed in this instance, I think.

Agreed. Cherry picking stats that support his anti-college athletics viewpoint.

[GreenfieldBison]

What would be the point? He's a mendacious fuckwad.

Guessing you have chosen those terms carefully...

https://dictionary.cambridge.org/us/...ish/mendacious
https://www.urbandictionary.com/define.php?term=fuckwad