500 million to academics and 50 million to Athletics. I mean we are looking for a 12-member still right?:-)

https://www.yahoo.com/news/western-michi...36670.html

A $550 donation? DAAAAMN BIG MONEY Western Mich!

(06-09-2021 08:55 AM)Tigers2B1 Wrote:  500 million to academics and 50 million to Athletics. I mean we are looking for a 12-member still right?:-)

https://www.yahoo.com/news/western-michi...36670.html

That's pretty unbelievable, and $100 mil more than their current endowment balance.

Maybe they can buy some uniforms that aren’t brown and gold.

Good for them. Happy to see a school that isn't always given it's due value-wise get a donation that size.

Quote:the largest single gift ever given to any public university

This is a slap in the face to Vince McMahon. I throw down the challenge.

This is an insane amount of money...that basically increases their annual University operating budget by 25% each of the next ten years. I wonder if these are the same "anonymous donors" who started the Kalamazoo Promise up there (crazy program if you want to read about it...might even make you want to move to Kalamazoo lol). Kazoo has three BIG money families up there, all valued at multiple Billions, the Devos Family ($7.4B and yes, those Devoses), the Kellogg Family ($10.B and yes, you know...cereals galore), and the Stryker Family ($14.8B...the originators of Stryker Corporation, who essentially has built every hospital bed in the US and a huge market share of the prosthetics currently used). Lots of people don't realize it, but Kazoo is one of the "richer" cities in America when you stretch capital controlled by the city's population over the size of the city and account for cost of living. For those counting, that's a 1 billionaire for every 100,000 citizens.

(06-10-2021 07:01 AM)BearcatMan Wrote:  This is an insane amount of money...that basically increases their annual University operating budget by 25% each of the next ten years. I wonder if these are the same "anonymous donors" who started the Kalamazoo Promise up there (crazy program if you want to read about it...might even make you want to move to Kalamazoo lol). Kazoo has three BIG money families up there, all valued at multiple Billions, the Devos Family ($7.4B and yes, those Devoses), the Kellogg Family ($10.B and yes, you know...cereals galore), and the Stryker Family ($14.8B...the originators of Stryker Corporation, who essentially has built every hospital bed in the US and a huge market share of the prosthetics currently used). Lots of people don't realize it, but Kazoo is one of the "richer" cities in America when you stretch capital controlled by the city's population over the size of the city and account for cost of living. For those counting, that's a 1 billionaire for every 100,000 citizens.

the google says WMU has an operating budget of $345 million and change so $55 million per year would be just under 16% of their budget

plus the story says the money goes to their foundation so it will most likely go into a long term endowment and not be spent each year over the next 10 years, but instead invested with a 4.5% to 5% payout for the very long term future (if not basically "forever")

(06-09-2021 08:55 AM)Tigers2B1 Wrote:  500 million to academics and 50 million to Athletics. I mean we are looking for a 12-member still right?:-)

https://www.yahoo.com/news/western-michi...36670.html

Congrats to them, very jealous.

(06-10-2021 09:46 AM)ballantyneapp Wrote:  

(06-09-2021 08:55 AM)Tigers2B1 Wrote:  500 million to academics and 50 million to Athletics. I mean we are looking for a 12-member still right?:-)

https://www.yahoo.com/news/western-michi...36670.html

Congrats to them, very jealous.

100% jealous too! I also love the title. $550 donation- I was cracking up.