Rutgers Endowment Increases to $1.33 Billion

[bigmatt718]

https://www.nacubo.org/-/media/Nacu...hash=31CF91E74EAAB91288E53E2BCD629C35710C1C03

Rutgers jumps to #82 in the nation in endowment size, increased from $1.22B in 2017 to $1.33B in 2018. All 14 B1G schools are in the Top 87 in endowment size as Maryland has the smallest at $1.29B. Michigan has the largest at $11.9B endowment.

 

[Tararua]

This is good news. Medium-term goal should be to be within the top 75 and to pass Iowa (the next B1G above us) on the list. It kills me that Rutgers took so long to get its shit together here.

 

[bigmatt718]

This is good news. Medium-term goal should be to be within the top 75 and to pass Iowa (the next B1G above us) on the list. It kills me that Rutgers took so long to get its shit together here.

Top 75 is a reasonable goal within the next 2-3 years. I'd love to us jump Cuse, Lehigh, UDel and Iowa. UDel has that DuPont money which explains why their endowment is so high.

 

[Jim_from_RU]

And we can’t fund an athletic department properly. Lol

 

[sct1111]

Top 75 is a reasonable goal within the next 2-3 years. I'd love to us jump Cuse, Lehigh, UDel and Iowa. UDel has that DuPont money which explains why their endowment is so high.

They have DuPont money, why can't we have Johnson&Johnson money? J&J is a larger and more profitable company.

 

[bigmatt718]

They have DuPont money, why can't we have Johnson&Johnson money? J&J is a larger and more profitable company.

Good question, and one that needs to be answered.

 

[rufancoe00]

Because J&J probably didnt donate to RU at the same level the Dupont family did

https://www1.udel.edu/PR/Messenger/02/2/familiar.html

 

[sct1111]

Good question, and one that needs to be answered.

They are literally the largest pharmaceutical company in the world and their headquarters are a football field away from Old Queens. Our pharmacy program should be #1 in the nation. Our medical school is literally named after their founder. How the hell do we not have a better relationship with them?

 

[TonyLieske]

Isn't the Robert Wood Johnson Foundation one of (if not THE) the biggest donors to Rutgers?

I feel like every year I hear about them giving more money to Rutgers. I mean...maybe they didn't establish a single large endowment like has been done for other schools...but I have to imagine that over time what Rutgers has received from the Johnsons has to be pretty damn large.

 

[MoobyCow]

Isn't the Robert Wood Johnson Foundation one of (if not THE) the biggest donors to Rutgers?

I feel like every year I hear about them giving more money to Rutgers. I mean...maybe they didn't establish a single large endowment like has been done for other schools...but I have to imagine that over time what Rutgers has received from the Johnsons has to be pretty damn large.

As far as I can tell, they donated $3.2m to RU in 2018.

Not sure how quickly it is updated because they gave $11.5 in 2017 and $12.7 in 2016. Total looks to be $174.5m (going back to 1972).

https://www.rwjf.org/en/how-we-work/grants-explorer.html#k=rutgers&s=2

 

[sct1111]

Isn't the Robert Wood Johnson Foundation one of (if not THE) the biggest donors to Rutgers?

I feel like every year I hear about them giving more money to Rutgers. I mean...maybe they didn't establish a single large endowment like has been done for other schools...but I have to imagine that over time what Rutgers has received from the Johnsons has to be pretty damn large.

Isn't the Robert Wood Johnson Foundation related to the hospital and not J&J?

It's just strange that we have such a huge company located pretty much ON our campus and we haven't taken FULL advantage of it. Our pharmacy school is also named after someone who is on the board of trustees at Duke University, which makes little sense.

 

[njrexguy]

Thanks for posting. It inspired me to make a donation to an endowment fund at the Pharmacy school. I just received an email from the Rutgers university Foundation.

I used to support one of the education related funds for Rutgers athletics, but stopped after Flood's second year. Not supporting athletics unless the university decides to fully commit to winning by getting serious about hiring a real coach.

 

[TonyLieske]

Isn't the Robert Wood Johnson Foundation related to the hospital and not J&J?

It's just strange that we have such a huge company located pretty much ON our campus and we haven't taken FULL advantage of it. Our pharmacy school is also named after someone who is on the board of trustees at Duke University, which makes little sense.

My understanding is that the Robert Wood Johnson Foundation is a charitable foundation set up in the name of the founder of Johnson and Johnson.

RWJH is also named after him and I believe the Foundations works with the hospital quite a bit, but as the poster above showed the Foundation has donated pretty generously to Rutgers over the years as well. The 174.5 million may not be the largest total in donations to Rutgers...but I would bet that it is.

 

[retired711]

My understanding is that the Robert Wood Johnson Foundation is a charitable foundation set up in the name of the founder of Johnson and Johnson.

RWJH is also named after him and I believe the Foundations works with the hospital quite a bit, but as the poster above showed the Foundation has donated pretty generously to Rutgers over the years as well. The 174.5 million may not be the largest total in donations to Rutgers...but I would bet that it is.

Yes, Robert Wood Johson, who lived from about 1845 to 1910, was one of three brothers who founded Johnson & Johnson. His son, Seward, was a philander and scamp with three children as worthless as himself. (Seward's daughter liked threesomes, among other things.) Seward dumped the mother of his children to marry a Polish maid who was incompetent but attracted the eye of Seward when he was quite old. She eventually became the richest woman in Poland thanks to an inheritance from Seward. (The inheritance was challenged, but there was a pre-trial settlement.) The controversy is recounted in law school Estates and Trusts classes as an example of incompetent and unethical lawyering by Seward's counsel, Nina Zagat, who later went on to become rich with the Zagat restaurant guides.

 

[srru86]

The Foundation was set up by General Robert Wood Johnson II one of the sons of one the founding brothers Robert Wood Johnson