Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Well, state university funding is complex, but it's a combination of actual state funding (not a lot in the grand scheme, mainly salaries, see below), university endowments, research grants, contract revenues and income from other sources, including sports-related revenue.  Reliance on private funding doesn't necessarily mean anybody's got a smaller piece of pie.

In the 10 years since I left grad school, in fact, my school has been able to provide much more financial support for students than they could when I was there.  (In my program, it was basically no financial support at the time, which is why I took on tens of thousands of dollars in debt, now mercifully paid off.)

Successful alumni give a lot of money, some of it to the universities themselves (general funds, etc.) and some directly to the programs, schools or departments from which they graduated.

In the case of my graduate school, they've nearing the end of an eight-year general fundraising campaign that has raised more than $1.6 billion so far (the goal is $2b) and will increase the university's endowment by more than $628 million.  This fundraising campaign includes goals for each school or department.

Sports is also a big part of the puzzle, and not from ticket revenues, either.  The university has recently decided to use 100 percent of revenues from sales of trademark-licensed products on scholarships and financial aid.  Those products include T-shirts and caps bearing the school logo, which given that it's a major sports school with basketball jerseys worn around the world (I'm not exaggerating, I've seen them), that is a lot of money.

Meanwhile, in the actual program I attended within the university, an anonymous donor just endowed a professorship with a $3m gift.  The school says "private funds" (whatever those are) account for 78 percent of its budget, not including payroll, which is covered by the university (except for those endowed professorships, of which there are several).

by the stormy present (stormypresent aaaaaaat gmail etc) on Sun Mar 26th, 2006 at 02:31:27 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Occasional Series