So the National Association of College and University Business Officers released their latest report on the size of Endowments for schools across the US, and their change since 2014.
Virginia Tech clocked in at #114 in the nation, with 817,000,000 approx. in market value, and a 2.7% increase in value since the year before when the value was about 796 Mil.
That places us 1 spot ahead of William and Mary with 811Mil, and 2 behind our closest ACC peer in Lville with 844Mil.
While not the end all be all, Endowment size is a good barometer for the direction of the university is heading in, so the growth is good.
The fact that we are working towards that 1 Billion number is also important, very few of the top 50 schools in the nation are below that line, most AAU schools are above that line, and half the ACC is above it, along with multiple other Virginia schools.
NC State, with 983 Mil and an 11% growth is charging hard for that line, though I want to say that figure is for the entire system not just NCST itself.
Comments
ACC:
1: 12 University of Notre Dame IN 8,566,952 8,039,756 6.6
2: 15 Duke University NC 7,296,545 7,036,776 3.7
3: 18 University of Virginia VA 6,180,515 5,945,952 3.9
4: 26 University of Pittsburgh PA 3,588,775 3,492,839 2.7
5: 32 University of North Carolina at Chapel Hill & Foundations NC 2,988,806 2,695,663 10.9
6: 39 Boston College MA 2,219,600 2,131,400 4.1
7: 47 Georgia Institute of Technology & Related Foundations GA 1,858,977 1,889,014 -1.6
8: 78 Wake Forest University NC 1,167,400 1,148,026 1.7
9: 80 Syracuse University NY 1,166,109 1,183,244 -1.4
10: 98 NC State University and Related Foundations NC 983,979 885,055 11.2
11: 104 University of Miami FL 887,329 865,435 2.5
12: 112 University of Louisville Foundation KY 844,288 876,825 -3.7
13. 114 Virginia Tech Foundation VA 817,759 796,437 2.7
14: 148 Clemson University & Foundation SC 648,611 623,262 4.1
15: 157 The Florida State University Foundation FL 605,275 624,557 -3.1
From this list, I'm seeing 1 trend: The smaller the endowment, the better the football team.
(ND is an outlier; both in this trend and in the ACC)
so what you're saying is that Virginia Tech, as a whole, is not very well endowed?
Can't wait to see the replies to this
Schools of note:
84 The University of Tennessee TN 1,106,924 1,072,000 3.3
97 The University System of Maryland Foundation, Inc. MD 986,248 955,856 3.2
170 West Virginia University Foundation WV 533,599 533,627 0.0
Virginia Schools
18 University of Virginia VA 6,180,515 5,945,952 3.9
37 University of Richmond VA 2,371,810 2,313,305 2.5
56 Virginia Commonwealth University VA 1,638,147 1,509,431 8.5
67 Washington and Lee University VA 1,471,274 1,476,923 -0.4
114 Virginia Tech Foundation VA 817,759 796,437 2.7
115 College of William & Mary Foundation VA 811,217 797,592 1.7
197 VMI Foundation, Inc. VA 430,742 413,409 4.2
206 Medical College of Virginia Foundation VA 398,839 386,981 3.1
264 Hampton University VA 263,237 288,370 -8.7
294 Old Dominion Universityxi VA 209,417 213,687 -2.0
338 Hollins University VA 170,971 180,654 -5.4
359 Hampden-Sydney College VA 154,643 150,901 2.5
365 Randolph- Macon College VA 149,719 147,956 1.2
395 Roanoke College VA 130,552 129,888 0.5
447 Lynchburg College VA 98,551 97,263 1.3
466 Emory & Henry College VA 92,151 96,930 -4.9
502 Bridgewater College VA 82,889 82,379 0.6
507 James Madison University Foundation VA 81,948 78,386 4.5
526 Eastern Virginia Medical School Foundation VA 74,071 72,187 2.6
533 George Mason University Foundation, Inc. VA 72,245 69,554 3.9
567 Shenandoah University VA 62,993 62,600 0.6
Stopped here...there's more.
I would also note that the Texas A&M figure is system wide, so TAMU-Corpus Christy, TAMU-Commerce, not just College Station. While I suppose TECHINCALLY the VT number is system wide since we have the National Capitol Region Center.
So while main campus to main campus we are essentially tied for rankings, they are not that much better funded.
ouch not looking good for Emory
I think this is where not having a medical school has hurt. Tech has traditionally turned out agriculture and engineering, not exactly big money careers. The college has grown substantially but the students that were part of that growth have not reach the age where they are readily donating large sums of disposable income or are considering the university when estate planning. Really we are 40 years behind some of the schools on this list in terms of the university's size and simple number of donors.
Well, we do have a medical school now, but it will be awhile before any of the graduates make enough to pay off their loans and still have some money left over to donate.
We've got computer science on lockdown, and those guys are making the big bucks these days.
I don't think either the MD or DO school is actually part of VT, anyone know how that works?
The VTC medial school is a public-private partnership between VT and Carilion. Degrees are issued through VT, IIRC, so this is VT's med school. VCOM has some collaborative agreement with VT for facility sharing, but I believe they are a distinct entity.
Yep I was referring to the Carillon program. VCOM is still technically separate, which I don't really understand, why doesn't Tech just make it official?
Not sure, but I believe VCOM was technically founded as a charitable organization to address the lack of physicians in the Appalachian region. The partnership with VT is for research infrastructure, likely to attract top-talent faculty.
As a relatively recent applicant to osteopathic medical schools, the way I understood it was that the Harvey W. Peters Research Foundation and Virginia Tech founded the Edward Via College of Osteopathic Medicine. The Peters foundation is the majority owner of the school but the other major owner of the school the Virginia Tech Foundation.
Being from NJ and having basically all of my family attend Rutgers I witnessed (meaning read all the newspaper articles) the merger between the Rutgers and UMDNJ. I always thought it was such a smart idea to merge the two because of the bevy of funding that the school can now attract via medical research. I don't know why our school doesn't decide to straight up own both the DO and the MD schools and try to be like Michigan State in that regard. There are only two schools in the nation right now with both an osteopathic and allopathic school. Those two are: Michigan State and Rowan University in southern NJ.
I always thought that if we want Tech to really reach a new academic echelon we needed to expand. We need our own law school, our own pharmacy school and probably a bunch of other stuff. I have to imagine though that the hold up is probably financially related and politically related as LOLUVA is the flagship school of the state, therefore, will receive the most money.
Good choice going DO.
But they can't count them towards grant money etc.?
Grant money is different from endowment. The VTC faculty are still (again, IIRC) VT faculty. They can't be faculty of Carilion, because that's not a school...
Just seems like a missed chance to give VT a full medical school.
We weren't going to have a med school without Carilion's investment. This is the way the academic world works now; industry partnerships are actually viewed as a major boon. So there whether you consider it a "full medical school" or not really doesn't detract from the fact that we have an amazing new research institute and we are granting MD diplomas with Virginia Tech's name on them. That's as legit as it gets.
Trust me, there's big money in engineering and agriculture. Big money.
Is that from growing larger trees and designing larger prints?
There is for sure, the problem is even with them we are 40 years behind on class sizes and student population since most Land Grant Schools killed their Cadet requirements by 1930.
What is an interesting comparison is how far we have pulled away since the mid 70's, loo at where VMI still is, and look at where we jumped to.
When we baby boomers start to die off in significant numbers, I suspect VT will start reaping endowment funds. Many of us are wary of being short in our senior years. Not having a pension, savings and home value related wealth may be all we have to keep us out of the poor house and off of Medicaid when the Reaper starts knocking. I know my will will reflect my love of VT, and hopefully there will be sufficient remaining to make a significant contribution. Hate to be morbid, but you know, the Death Train isn't all about hype.
UVA has all that old money. Bunch of old, over preveliaged, racist dbags.
Watlady.gif
Apologies, was day drinking earlier
Not sure what you mean here. UNC has a bunch of satellite schools (Charlotte, Wilmington, Asheville, Pembroke, Greensboro) but NC State is a "stand-alone" school AFAIK, though it is a state school.
Im actually now not sure how the endowments are split up for NC's Public Schools.
NCST is part of the UNC system just as UNC Chapel Hill is. But obviously they have separate endowments, NCST is just the Land Grant part of the system.
All those that you listed are "stand-alone" schools that have their own admissions and offer their own degrees. And their own sports teams.