USA reaches $1bil

[moonshine]

USA climbs over $1bil in assets.

http://blog.al.com/wire/2013/12/usa_hit ... er_default


App St. is just under $400mil in total assets according to the 2012 financial report.

http://controller.appstate.edu/sites/co ... Report.pdf


LSU Tigers Athletic Foundation has $265+mil in net assets.

http://businessofcollegesports.com/2011 ... cials-lsu/


I can't find any info on the Yosef Club having any net assets, only the $4+mil in total contributions. Does anyone know if the YC holds any assets and what their total value is? If YC doesn't have any net assets, what sort of assets would you like to see the club invest in (if feasible) and what would be a good starting target goal to help them generate additional revenue for the athletics program?

[asu66]

The Yosef Club's has no assets as such. The Club is merely a "wholly owned subsidiary" of the ASU Foundation. The Foundation is operated by a board of directors and a professional staff. It has long been the policy of Appalachian that athletics not be permitted to operate a separate foundation.

http://campaign.appstate.edu/foundation/board

http://campaign.appstate.edu/foundation/report

[moonshine]

66 thanks for the info. I was unaware YC fell under the Foundation's umbrella. Any idea on why App has a policy that does not allow a separate athletic foundation?

If we could somehow model App's after LSU's TAF, although on a much smaller scale, it could help to limit future increases on tuition fees. The TAF owns the scoreboard in LSU's baseball stadium and that generates ad revenue that flows straight into the TAF.

Just spit balling here as I'd like to see the university as a whole generate more revenue but mainly concerned with reducing the burden on students. I hope the admin can hold true to their promise of not piggybacking off the students to finance our move.

[JCline0429]

66 thanks for the info. I was unaware YC fell under the Foundation's umbrella. Any idea on why App has a policy that does not allow a separate athletic foundation?

If we could somehow model App's after LSU's TAF, although on a much smaller scale, it could help to limit future increases on tuition fees. The TAF owns the scoreboard in LSU's baseball stadium and that generates ad revenue that flows straight into the TAF.

Just spit balling here as I'd like to see the university as a whole generate more revenue but mainly concerned with reducing the burden on students. I hope the admin can hold true to their promise of not piggybacking off the students to finance our move.

They already have to a significant extent, of course not as badly as many other universities have done. Hopefully we have seen the end of any increase.