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Well the UA system has a $986 million endowment... The A&M system has a $7 BILLION endowment. It's not even the same playing field.
This post was edited by FortWorthTide 14 months ago
Agreed. Always thought it would be nice to get the east and west exterior sides to match the north and south exteriors, and have it all bricked it. Probably would make it a bit louder too.
This. Money is no issue to them
Well, it's a bit more complicated than that, because you're comparing "system" endowments. The actual University of Alabama has a $674 million endowment. They have a $1.17 billion directly attributable to the actual Texas A&M University. The Texas A&M University System (TAMUS) is what has an endowment of $7 Billion, but that's spread out over 11 institutions and an additional branch campus. A big part of that is in a state-run endowment that is 1/3 to TAM and 2/3 to UT.
In short, TAM doesn't really have as much money as they like to claim.
It's my opinion that the exterior on the east and west sides is being left alone because those are the next logical steps as far as future expansions go. I wouldn't be surprised if we eventually tore down the east and west decks and replaced them decks that are similar in design to the north and south decks. It's not an unheard of idea..... LSU torn down an old upper deck to build one that matches the newer one on the opposite side of the field.
I understand that, but I was calling it basically equal because I was counting the whole system for both. Alabama has fewer branches but UAB and UAH are a bigger deal than most of A&M'a system schools. UAB could even stand alone if it were allowed. Places like A&M commerce don't really move the needle. But I agree the two systems are quite different.
I'd like to see that. I wish we had someone on here with a little bit of insight about the athletic department's rough ideas for the future.
I'm sorry, I don't mean to be rude but you are incredibly misinformed. That 1.17 is not accurate at all. Also, about your other posts, students don't go to the games free, we pay more than any other students in the SEC. As far as the stadium itself, construction will begin after this upcoming season and run for 3(I think, it could be 2) years and all games will still be played at Kyle Field. Funding for the stadium will also come from the city of College Station. We've recently added several major endowments as well.
Go Blue & Gig Em'!
I think I'm going to let A&M win the west before I start drueling on their nut sack. Look, I walked away from BDS and in the midst of defeat admitted that Johnny Football was the best qb I had ever seen, but my gosh they were beatable and held to 7 points in the final 3 quarters. Sumlin went out and landed 30+ players this year and failed to address needs in the trenches. Some people have went off the deep end with this obsession and after week 2 we will all know how "real" A&M truly is....
This post was edited by BuriedAlive14 14 months ago
I appreciate you coming on here to discuss this, but I hate to say it... you're proving my point that many TAM people think you have more money than you actually do. Forgive the length, but I'll source my statements.
The TAMUS reports a "pool" of money valued at $7 Billion between the 12 campuses, with no clear specificity on how it's divided.. However, that number seems to be calculated from total assets (including capital improvements), as listed on page 798-1-1 of the TAM financial report. Most schools, including the Alabama system, have billions invested in capital improvements, and people often use that figure to inflate the "endowment" of their university, when it is clearly not usable funds in any meaningful way. The actual amount listed as "Endowments" is $404 mil restricted, and $133 mil unrestricted. There is an additional $2 Billion for unrestricted use (not donor earmarked, but not an official endowment) in the system from various sources, presumably including the UT-TAM join Permanent University Fund and the TAM Foundation Trust. This is listed on page 798-1-2. The report can be found here - http://www.tamus.edu/apps/soba-afr/disclaimer.aspx?report=SOBAFY2012TAMUCC .
The TAM Foundation, which was my "1.17 Bil" figure, was an old figure, but the current number is 1.34 Bil in assets. This is the only money that is definitively known to be TAM-CS's to spend, and considering the $100 mil yearly growth and variance with the market, I wouldn't say that my statement was "not accurate at all." Their financials can be found here - http://giving.tamu.edu/about-us/financials/default.aspx
As to the actual endowment attributable to TAM-CS, US News seems to be the only reliable source for the information. They report TAM-CS with an endowment of $359 Million. For comparison, UA has $616 million according to USN. This can be found here - http://colleges.usnews.rankingsandreviews.com/best-colleges/texas-am-university--college-station-10366 .
I misspoke when I said students went free. I made my statement based off the assertion "Texas A&M, Arkansas and LSU are the only SEC schools that do not require students to pay mandatory fees to support athletics." from this article - http://www.thebatt.com/news/fielding-kyle-1.2977825 . I meant that you don't pay fees to support athletics, not that you don't have high ticket prices. The current plan is to institute student fees to support athletics.
This post was edited by Huskypup 14 months ago
Forgive the double post, but I wanted to address this directly. While the schools are bigger, the endowment situation is a little odd. UAB has a much higher operating budget than UA, actually about double at $1.3 billion to our $700 million (UAB's research wing is huge). But they are also largely self-funding, and UAB's endowment of $330 mil is only a third of the system endowment. UAH is completely negligible, with an endowment of a mere $18 million. In short, UA is most of the endowment largely because we don't generate yearly revenue in research the way the other two do.
TAM's other institutions are about 5x the combined size of UAB and UAH as well, so it's safe to say that their other institutions probably eat up more of the endowment pool.
Two words, oil money
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