OP
Cedric Dempsey
Spectator
- Thread Starter
- #201
It seems to me that there are some generous donors including at least one poster on this board - https://gomason.com/news/2019/12/4/endowed-scholarship-reception.aspx:
"The number of endowments has doubled in 10 years to 55 current endowed scholarships. To name an endowment requires a gift of $25,000. These funds help collectively offset as much as $5 million in scholarships and/or operational expenses for Mason Athletics programs each year."
I don’t believe there is one fully endowed scholarship. These appear to be named scholarships that turn over a 3% yield at a low giving threshold. No indication at all of total financial health of your basketball program. To the contrary, it could mean very little. A $5 mil basketball budget yield per annum would need to generate approx $170,000,000 in total giving. Your donor friend can speak to this far better than me.