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But you know who are - the people who own horses, of which NJ has many, and with which RU has little connection right now.Originally posted by NotInRHouse:
Veterinarians are not known for high salaries. For now it should not be a priority.
Ding ding ding...Originally posted by derleider:
But you know who are - the people who own horses, of which NJ has many, and with which RU has little connection right now.Originally posted by NotInRHouse:
Veterinarians are not known for high salaries. For now it should not be a priority.
Is the theory that horse owners will come from Colts Neck etc up to NB for horse care? Not being facetious, I don't know anything about horse care. Is this what other states do? Like, my cow was cured at ISU so Go Cyclones here's donations?Originally posted by lawmatt78:
Ding ding ding...Originally posted by derleider:
But you know who are - the people who own horses, of which NJ has many, and with which RU has little connection right now.Originally posted by NotInRHouse:
Veterinarians are not known for high salaries. For now it should not be a priority.
It can hurt if the resources needed to develop the vet school should be used elsewhere. We just acquired another university - let's focus on getting those components up to snuff first. The potential there is much bigger IMO than in this venture.Originally posted by derleider:
Yes - thats the theory. It can't hurt. Right now how many rich guys in Colts Neck or out in Hunterdon County have any reason at all to give a damn about RU. The other thing would be what srru suggested (and its probably the bigger one) - pharm companies also do vet medicines. Thats big money.
You mean we just acquired a medical school mainly for the purpose of enhancing medical research, largely in conjunction with local globally recognized pharmaceutical companies (who also make your cats medicine).Originally posted by jcg878:
It can hurt if the resources needed to develop the vet school should be used elsewhere. We just acquired another university - let's focus on getting those components up to snuff first. The potential there is much bigger IMO than in this venture.Originally posted by derleider:
Yes - thats the theory. It can't hurt. Right now how many rich guys in Colts Neck or out in Hunterdon County have any reason at all to give a damn about RU. The other thing would be what srru suggested (and its probably the bigger one) - pharm companies also do vet medicines. Thats big money.
Originally posted by NotInRHouse:
Veterinarians are not known for high salaries.
Ok, I'll admit that I have absolutely no idea how much research veterinary schools generate. I can't imagine it's comparable to medical schools, but I really don't know and Google isn't helping me. I guess it can't hurt to explore so long as the resources involved with opening a new school (which are huge) do not take away from investment in the newly-intergrated components of UMDNJ.Originally posted by derleider:
You mean we just acquired a medical school mainly for the purpose of enhancing medical research, largely in conjunction with local globally recognized pharmaceutical companies (who also make your cats medicine).Originally posted by jcg878:
It can hurt if the resources needed to develop the vet school should be used elsewhere. We just acquired another university - let's focus on getting those components up to snuff first. The potential there is much bigger IMO than in this venture.Originally posted by derleider:
Yes - thats the theory. It can't hurt. Right now how many rich guys in Colts Neck or out in Hunterdon County have any reason at all to give a damn about RU. The other thing would be what srru suggested (and its probably the bigger one) - pharm companies also do vet medicines. Thats big money.
But I actually meant what can it hurt to seriously investigate the possibility, instead of dismissing it out of hand because vet don't make alot of money.
This post was edited on 2/27 1:03 PM by derleider
Compared to JD, MBA, and MD. We need to fix those first.Originally posted by Upstream:
Originally posted by NotInRHouse:
Veterinarians are not known for high salaries.
What difference does that make?
High salaries compared to whom? According to the Bureau of Labor Statistics, the national average salary for Vets is about $84K. That is less than the average $113K for Lawyers, but more than the average $63K for Accountants, and pretty much in the same range as the $81K for Environmental Engineers or $85K for Biomedical Engineers or $89K for Electrical/Electronic Engineers.
I don't follow what the difference in average salary has to do with anything.Originally posted by NotInRHouse:
Compared to JD, MBA, and MD. We need to fix those first.Originally posted by Upstream:
Originally posted by NotInRHouse:
Veterinarians are not known for high salaries.
What difference does that make?
High salaries compared to whom? According to the Bureau of Labor Statistics, the national average salary for Vets is about $84K. That is less than the average $113K for Lawyers, but more than the average $63K for Accountants, and pretty much in the same range as the $81K for Environmental Engineers or $85K for Biomedical Engineers or $89K for Electrical/Electronic Engineers.
Again- it's why we don't have a hockey team. Yes, hockey is popular in NJ. Yes, it would engage people. But it would cost a lot and most of our other sports are in bad shape.
We need to focus on the biggest revenue generators first.
True and as a whole they don't have the reputation as big donors. They have a reputation/stereotype as having deep pockets and very short arms.Originally posted by camdenlawprof:
If J.Ds and M.D.s give back, it will generally be to the units they graduated from and not the university as a whole.
I think it depends on the school. My classmates from law school tend to be reasonably generous, although I don't know of any big-ticket donations.Originally posted by Scarlet Pride:
True and as a whole they don't have the reputation as big donors. They have a reputation/stereotype as having deep pockets and very short arms.Originally posted by camdenlawprof:
If J.Ds and M.D.s give back, it will generally be to the units they graduated from and not the university as a whole.
Very real problem. Absolutely.Originally posted by camdenlawprof:
Rutgers' essential problem is that students do not enjoy the experience here as much as at other colleges and universities. Hence they are reluctant givers.
Mark Elliot is my new favorite weather dude. I love that he shows his passion for RU on his Weather Channel BIO.Originally posted by derleider:
On an unrelated but related note - I'm gonna write to tis commission and suggest RU start a broadcast meteorology program. TO be so close to so many big markets with little in the way of formal connection to them is a shame.
Not thats its stopped RU - we now have meteorologist on the Weather Channel. But given its location and the fact that it already has a meteorology program, it should be a go to place for that kind of training. And having RU with more representation in front of the cameras instead of behind the scenes in forecasting, research, and industry would be great for the school.
That's the trouble with you math-and-science folks: you actually sit down and calculate the numbers! :))Originally posted by derleider:
400,000 alumni *0.05 (5% increase) *$250 = $5,000,000. Not a big help at all. The problem is and will continue to be the big donations. As we've discussed before, the main reason to focus on the small donations is that the factors that lead to more small donations also tend to help with getting the bigger donations and outside of that - you juts don't know which small donators will end up being rich enough to be big donators down the line.
I agree that RU needs a higher giving rate, but a 15% alumni giving rate is VERY high for a State U (as compared to a small private colleges which have much higher rates). I think the average is less than 9% if my memory serves from the last time I got the stats from the RU Foundation. RU has improved the student experience over the past 10 years or so and also the outreach to recent alumni to keep them in touch and more likely to donate. Of course, much more improvement is needed. But, the track record for outreach, etc. by RU was abysmal when I graduated in the 1980s. It is hard to build bridges with earlier classes for that reason.Originally posted by camdenlawprof:
I don't think socio-economic base is that big a factor. Yes, we can't expect huge donations from the majority of our alums. But it's not unreasonable to expect $100-$250 contributions from a lot more alums that are contributing now. If we increased our alumni giving rate from 10% to 15%, even those relatively small contributions would help a lot.
Not on the Twitter but if I was I would follow @Scarlet PrideOriginally posted by Scarlet Pride:
Giving rate #s are gamed all the time. There are many ways to count participation. Rutgers has traditionally always counted the true percentage of alumni that have given - meaning if we have 400,000 alumni and we claim 10% that means we received gifts from 40,000 alumni.
Many other schools use varying tactics to boost the numbers (because they help in US News rankings). Just a few ways that people game the numbers...
- Count only the percentage of donors that were solicited. This means that you stop sending letters and making calls to people that have never given or haven't given in 10 years (or some other time period). Suddenly you basically cut a large chunk of your dead wood.
- Run campaigns that focus on people giving very small gifts (e.g. $5) for the sole purpose of boosting participation numbers.
- Include a "donation" in event registration, graduation process, etc - again for the sole reason of boosting participation.
And there are other ways as well. Now some schools have legit high numbers but those are generally small high wealth liberal arts schools and it is simply part of their culture.
The reality is that participation numbers don't really mean much. They are just a statistic. Yes it would be great to have a higher percentage but major gifts fundraising isn't a direct reflection of being a long time loyal donor. Plenty of donors give small amounts to their university out of loyalty
but will never give large dollars and plenty never give anything until
they write that big check. Many high wealth donors will make sporadic gifts or none at all and then when properly cultivated and solicited make a large gift.