OT: Phil Knight Gave Stanford $400 Million For Recruiting

[RU Husky]

graduate students from all over the world.

We could use a few more angels. They're out there; just need them to commit.

http://fortune.com/2016/02/24/nike-phil-knight-stanford/

 

[RAA-1]

Could you name a University that has less of a need to recruit graduate students than Standford? I can't. They are already a top 5 university with a waiting list for admissions.

That's like giving U of Alabama another football trophy. They don't have space for all the ones they already have.

 

[Knight Shift]

I wonder why a couple of our most famous and financially successful alums have not publicly given back.
Basketball is in dire need, and one of our alums is the former commissioner of the NBA and has a net worth of $135 million. Maybe he has given privately.
Another alum is a founder of Home Depot. Built an aquarium in Atlanta, and has donated millions to Georgia Tech. Wonder what was given to Rutgers?

 

[El Curioso Impertinente]

I wonder why a couple of our most famous and financially successful alums have not publicly given back.
Basketball is in dire need, and one of our alums is the former commissioner of the NBA and has a net worth of $135 million. Maybe he has given privately.
Another alum is a founder of Home Depot. Built an aquarium in Atlanta, and has donated millions to Georgia Tech. Wonder what was given to Rutgers?

Hobbs should be all over David Stern. In fact, for Stern, Barchi should be all over him. Make Stern a Dean at the Business School. Something, Anything. Get Stern under the Rutgers umbrella.

 

[RUMBA-JK]

There is a very substantial number of Rutgers alums who could make a huge difference - but tapping into this group must be done with exquisite diplomacy, timing - and a bit of 'strategy'
It requires the potential donor to be convinced that Rutgers is genuinely moving in the right direction
It also requires the person on the Rutgers end to be able to charm, motivate and inspire - and in certain situations, goad the booster into stepping up.

 

[vkj91]

Could you name a University that has less of a need to recruit graduate students than Standford? I can't. They are already a top 5 university with a waiting list for admissions.

That's like giving U of Alabama another football trophy. They don't have space for all the ones they already have.

You could also look at it as money well invested. He knows the money will be used correctly and as a result, the world will be better off. Money well spent. Would you prefer he give it to Newark schools? How did Zuckerberg's money get used?

 

[mdk01]

Two things to note:

1. This really isn't $400 million for recruiting. The vast majority of the gift and the income it will generate for Stanford will be used for scholarships. Kind of like, as mentioned in the article, Rhodes scholarships at Oxford.

2. This gift is also a lead donation in a program that will raise over $700 million in total. Stanford will leverage this. My father did some consulting work for Stanford on a fund raising campaign back in the late 60's. Their development people were sharp as a tack back then, and I doubt they've lost anything since. My guess is that they have at least $150 million of additional gifts already lined up from folks who were told about Knight's pledge and were waiting for it to happen. Then they'll go out and get the rest by campaigning to complete the program.

 

[RU Golfer]

I wonder why a couple of our most famous and financially successful alums have not publicly given back.
Basketball is in dire need, and one of our alums is the former commissioner of the NBA and has a net worth of $135 million. Maybe he has given privately.
Another alum is a founder of Home Depot. Built an aquarium in Atlanta, and has donated millions to Georgia Tech. Wonder what was given to Rutgers?

Exactly Bernard Marcus is worth 3.5 Billion as of last year.....He is a major donator to many causes and a philanthropist....He gave over 200 million to open an Aquarium in Atlanta.

 

[El Curioso Impertinente]

Two things to note:

1. This really isn't $400 million for recruiting. The vast majority of the gift and the income it will generate for Stanford will be used for scholarships. Kind of like, as mentioned in the article, Rhodes scholarships at Oxford.

2. This gift is also a lead donation in a program that will raise over $700 million in total. Stanford will leverage this. My father did some consulting work for Stanford on a fund raising campaign back in the late 60's. Their development people were sharp as a tack back then, and I doubt they've lost anything since. My guess is that they have at least $150 million of additional gifts already lined up from folks who were told about Knight's pledge and were waiting for it to happen. Then they'll go out and get the rest by campaigning to complete the program.

This is the key for Rutgers. For the first time ever, Rutgers has quality people at President and AD. It's hard to donate to Rutgers Athletics when the Coaching Staffs are filled with people whom I would hardly deem to be elite.

This is why it's crucial that Rutgers hire Elite Coaches in all the sports across the board. Hire Elite Coaches, the donations will follow, and so will the students.

 

[mdk01]

This is why it's crucial that Rutgers hire Elite Coaches in all the sports across the board. Hire Elite Coaches, the donations will follow, and so will the students.

Not without a competent development office. There has appeared to be improvement over the last decade, but RU still has a lot of catching up to do. Stanford has been doing it competently since WWII. The Ivies since WWI.

 

[RU4Real]

$400 million is a lot of hookers and blow. If anybody notices that @mildone is missing, look no further than Stanford.

 

[imbazza2]

$400 million is a lot of hookers and blow. If anybody notices that @mildone is missing, look no further than Stanford.

Please, this is Stanford [thumb2], not Louisville:flush:

 

[oliverm]

Please, this is Stanford [thumb2], not Louisville:flush:

That is why he said blow and not meth

 

[AreYouNUTS]

This is the key for Rutgers. For the first time ever, Rutgers has quality people at President and AD. It's hard to donate to Rutgers Athletics when the Coaching Staffs are filled with people whom I would hardly deem to be elite.

This is why it's crucial that Rutgers hire Elite Coaches in all the sports across the board. Hire Elite Coaches, the donations will follow, and so will the students.

HOLY CRAP YOU UST DON'T GET IT, DO YOU??? How many times are you going to say "hire elite coaches" without having the slightest semblance of a clue as to WHY we can't do that DESPITE being given, over-and-over-again, the very reasons why "elite" coaches - other than CVS - have NEVER come here??? How many freakin' threads are you going to keep posting the same stupid shit? Yes, of course, we'd all LOVE "elite" coaches to come here, and hopefully someday they will, but RIGHT NOW it just isn't happening. How many times do I, and others, have to explain this to you?

My Lord you're more stubborn than I am.

 

[El Curioso Impertinente]

Not without a competent development office. There has appeared to be improvement over the last decade, but RU still has a lot of catching up to do. Stanford has been doing it competently since WWII. The Ivies since WWI.

Stanford has the luxury of hiring their own grads.

HOLY CRAP YOU UST DON'T GET IT, DO YOU??? How many times are you going to say "hire elite coaches" without having the slightest semblance of a clue as to WHY we can't do that DESPITE being given, over-and-over-again, the very reasons why "elite" coaches - other than CVS - have NEVER come here??? How many freakin' threads are you going to keep posting the same stupid shit? Yes, of course, we'd all LOVE "elite" coaches to come here, and hopefully someday they will, but RIGHT NOW it just isn't happening. How many times do I, and others, have to explain this to you?

My Lord you're more stubborn than I am.

You're obtuse. In order to make money you have to spend it. You must dig holes for a living. Meanwhile, if you're not employing Elite Coaches, then what are you doing?

Oh, I get it. We can't afford to pay Elite Coaches so we're gonna pay sub-elite coaches. This harms the brand and diminishes overall value. But it's Ok, because this is all we can afford. This is pure idiocy.

Do you have any idea, how much it costs Rutgers to run a mediocre Athletic program. The Hidden cost of Mediocrity is simply to high a price to pay if you're Rutgers.

Look let's be clear, you can't run Rutgers like your parents ran their household budget. If you want to drive a used Kia, that's fine. But don't be upset when your daughter is looking at the ceiling of my son's BMW.

 

[AreYouNUTS]

Stanford has the luxury of hiring their own grads.


You're obtuse. In order to make money you have to spend it. You must dig holes for a living. Meanwhile, if you're not employing Elite Coaches, then what are you doing?

Oh, I get it. We can't afford to pay Elite Coaches so we're gonna pay sub-elite coaches. This harms the brand and diminishes overall value. But it's Ok, because this is all we can afford. This is pure idiocy.

Do you have any idea, how much it costs Rutgers to run a mediocre Athletic program. The Hidden cost of Mediocrity is simply to high a price to pay if you're Rutgers.

Look let's be clear, you can't run Rutgers like your parents ran their household budget. If you want to drive a used Kia, that's fine. But don't be upset when your daughter is looking at the ceiling of my son's BMW.

I'll ask you, for the 5th time now, to EXPLAIN to us "hole diggers" EXACTLY how you plan to attract ELITE HC' to RUTGERS without the following:

- MONEY
- TRADITION (of winning excellence in a particular sport)

.....until you can do this, with verifiable, factual proof to back up your argument, you should just go back downstairs to the basement because you sound like a 12-year old.

BTW - I've been around Rutgers Athletics all my life, even worked in the athletic department, so I have a very, very good understanding of what it takes, etc, to get things done and agree, wholeheartedly, we've never been able to do it right in the past, but you're living on "fantasy island" if you think we can hire "elite coaches" without either of the above!!!

 

[El Curioso Impertinente]

I'll ask you, for the 5th time now, to EXPLAIN to us "hole diggers" EXACTLY how you plan to attract ELITE HC' to RUTGERS without the following:

- MONEY
- TRADITION (of winning excellence in a particular sport)

.....until you can do this, with verifiable, factual proof to back up your argument, you should just go back downstairs to the basement because you sound like a 12-year old.

BTW - I've been around Rutgers Athletics all my life, even worked in the athletic department, so I have a very, very good understanding of what it takes, etc, to get things done and agree, wholeheartedly, we've never been able to do it right in the past, but you're living on "fantasy island" if you think we can hire "elite coaches" without either of the above!!!

And you a blithering Idiot? Nevermind, you've already answered. You think Rutgers can afford to hire Mediocre Coaches. Is Rutgers offering discounts on tickets because the Coaches stink? Did you grow up on a diet of Meatloaf and Ramen, because your parents couldn't afford you.

Rutgers is paying EJ $2 million for absolutely nothing. How about hire an Assistant Coach for $1 million, and use the other million to pay for an Elite Coach in four Olympic Sports at 250K.

Your Mom must make a pretty good Meatloaf, lol.

 

[AreYouNUTS]

And you a blithering Idiot? Nevermind, you've already answered. You think Rutgers can afford to hire Mediocre Coaches. Is Rutgers offering discounts on tickets because the Coaches stink? Did you grow up on a diet of Meatloaf and Ramen, because your parents couldn't afford you.

Rutgers is paying EJ $2 million for absolutely nothing. How about hire an Assistant Coach for $1 million, and use the other million to pay for an Elite Coach in four Olympic Sports at 250K.

Your Mom must make a pretty good Meatloaf, lol.

Stupid me for calling you a 12-year old as you have the reading comprehension skills of, maybe, today's 8-year olds.

- nowhere did I say that we shouldn't hire "elite" coaches

- nowhere did I say that hiring mediocre coaches doesn't hurt us; there is NO question that, for decades now, it HAS hurt us

- I wholeheartedly agree about EJ

- so you want to hire another lousy hoops coach, and pay even less for the staff, with the HOPE that you're going to get elite coaches, for 4 different Olympic sports, at $250K? yeah, brilliant

Once more you have YET to prove to me HOW, without $$$ or tradition, we can lure "ELITE" coaches, from other schools, to Rutgers. Keep trying though I admire the attitude!

 

[El Curioso Impertinente]

Stupid me for calling you a 12-year old as you have the reading comprehension skills of, maybe, today's 8-year olds.

- nowhere did I say that we shouldn't hire "elite" coaches

- nowhere did I say that hiring mediocre coaches doesn't hurt us; there is NO question that, for decades now, it HAS hurt us

- I wholeheartedly agree about EJ

- so you want to hire another lousy hoops coach, and pay even less for the staff, with the HOPE that you're going to get elite coaches, for 4 different Olympic sports, at $250K? yeah, brilliant

Once more you have YET to prove to me HOW, without $$$ or tradition, we can lure "ELITE" coaches, from other schools, to Rutgers. Keep trying though I admire the attitude!

I like my plan, because then you can at least explain the awful Men's Basketball Team as financing Elite Coaches in four Olympic Sports.

Btw, You're a know it all right? How much do you think it costs for an Elite Tennis Coach, Field Hockey Coach, Volleyball Coach and Softball. I'll give you a hint, its south of 250K per Elite Coach.

And one more thing, If you had the money, which clearly you don't. But I'm a roll, so let's just go with it, Would you donate your money to a Rutgers Team that had a mediocre Coach. Of course you wouldn't.

 

[AreYouNUTS]

I like my plan, because then you can at least explain the awful Men's Basketball Team as financing Elite Coaches in four Olympic Sports.

Btw, You're a know it all right? How much do you think it costs for an Elite Tennis Coach, Field Hockey Coach, Volleyball Coach and Softball. I'll give you a hint, its south of 250K per Elite Coach.

And one more thing, If you had the money, which clearly you don't. But I'm a roll, so let's just go with it, Would you donate your money to a Rutgers Team that had a mediocre Coach. Of course you wouldn't.

Good thing you love yourself so much, lol:

- you have NO plan...you still can't even answer a very, very simple question!!!

- I can look up salaries, too, not that difficult

- you have no clue which teams I would, or wouldn't, have, or haven't, donated money to in the past so, seriously, just give up already. You're losing, badly, don't you realize this yet?

 

[FELONIOUSMONK]

Can we please not embarrass ourselves anymore ? Stanford is never going to he confused with Rutgers.

 

[DJ Spanky]

Can we please not embarrass ourselves anymore ? Stanford is never going to be confused with Rutgers.

I know: WE started college football; what have they ever done?

 

[FELONIOUSMONK]

We may have started it. But what the hell else have we done with it ? We dropped the ball for 147 years...:grimace:

 

[Pritz99]

Maybe the big $$$ doesn't like what's going on at the University OUTSIDE the Athletic Dept. Let's see....what has put is the Nightly News lately?

 

[mildone]

$400 million is a lot of hookers and blow. If anybody notices that @mildone is missing, look no further than Stanford.

 

[mildone]

$400 million is almost enough to live on.

 

[DJ Spanky]

$400 million is almost enough to live on.

Well, not if you're newly out of school and living in San Francisco.

 

[mildone]

Well, not if you're newly out of school and living in San Francisco.

Well, right. That sh...tuff, is expensive right there. Factor in a hookers and blow allowance and $400MM just doesn't go as far as it once did.

 

[fbc1866]

But is will help Sanford's recruiting, hopefully we will find a couple of big donors.

 

[brgossRU90]

Absurd. This is what could be deemed as poorly invested capital. Stanford ' s going to spend a literal fortune to get grad students in the 99.9999th percentile instead of the 99.999th percentile. The difference will be imperceptible. Meanwhile, at another school that money could make a huge difference.

 

[mdk01]

Absurd. This is what could be deemed as poorly invested capital. Stanford ' s going to spend a literal fortune to get grad students in the 99.9999th percentile instead of the 99.999th percentile. The difference will be imperceptible. Meanwhile, at another school that money could make a huge difference.

If you had read the article, the funds will predominantly be used to provide scholarships. Basically, if you can get in tuition etc. is not going to be a problem. How is that result different than any other school?

 

[brgossRU90]

That's equally absurd. Stanford has a TWENTY TWO BILLION DOLLAR endowment. Give the money to a university that doesn't have thousand dollar bills oozing from every pore. This is the kind of rich get richer thing while everyone else fights over the scraps that's leading to today's deranged politics.

 

[mdk01]

That's equally absurd. Stanford has a TWENTY TWO BILLION DOLLAR endowment. Give the money to a university that doesn't have thousand dollar bills oozing from every pore. This is the kind of rich get richer thing while everyone else fights over the scraps that's leading to today's deranged politics.

And tell me that B1G, Pac-12 publics, SEC, and Big 12 alumni bodies don't ALL have enough wealth to significantly bump up their respective schools endowments substantially. That it hasn't happened is not Stanford's, and Stanford alum Phil Knight's, problem or obligation.

 

[brgossRU90]

It's not his responsibility? If I had money to donate and was given the choice between the local battered women's shelter and the Beverly Hills Foundation for the Elimination of Crows Feet I know where I would send the money.

 

[mdk01]

It's not his responsibility? If I had money to donate and was given the choice between the local battered women's shelter and the Beverly Hills Foundation for the Elimination of Crows Feet I know where I would send the money.

Equating eliminating crows feet with an impoverished student getting a full scholarship. Interesting.

And does that mean RU alums should not donate to the university? The endowment may not be Stanford's but it's a hell of a lot more than the local battered woman's shelter.

 

[mildone]

It's not his responsibility? If I had money to donate and was given the choice between the local battered women's shelter and the Beverly Hills Foundation for the Elimination of Crows Feet I know where I would send the money.

So why don't you stop complaining about it, go out and make the money and donate it where you think it would do the most good? Seems to me, people should worry a bit more about their own actions (or inactions) and a bit less about what other people do.

 

[imbazza2]

Can we please not embarrass ourselves anymore ? Stanford is never going to be confused with Rutgers.

When you look at the half time band performance of both schools; you might! [cheers]:cool2:[cheers]