MisterD
The Baptist Himself
Voted Most Popular Poster 2012, 2013, 2015, 2016, 2017, 2018, 2019, 2020, 2022, 2023
Posts: 8,473
Likes: 6,371
|
Post by MisterD on Apr 23, 2021 14:06:06 GMT -5
Explain to me how $5MM makes getting $45MM somehow easier or more doable.
|
|
|
Post by GlitterBro #2 on Apr 23, 2021 14:19:13 GMT -5
Speaking of DOG, i have not received an acknowledgment from the school or the two teams that I donated too. I did not give to MBB because I never received a thank you the last time I contributed. So I decided to contribute this year to WSOC and Women Track. Same thing has occurred this year. No thank you received. So next year I'm on to another sport. I have friends who have received thank you messages. WBB note in particular was out in a week. What is also weird is that one friend said they never processed his matching gift form and another friend said they did. Go figure. I'll build on this. I gave to this "Virtual Sellout" during the season at the "Fill a Section" level. The website had a list of benefits for giving. Were those my primary motivation for giving? No. I figured I normally buy season tickets, so why not just use that for this instead this year since I knew their finances were tight, and I'd probably give away the fan packs to friends of mine...including one guy overseas who listens to every game.. Problem is....I have seen none of those materialize yet, nor the supposed raffle results, nor any communication about either. Is that a way to treat donors and get people to want to continue donating? And ... since you know I love comparing to Duquesne...I gave a much smaller amount to them on their DOG and received two different hand-written thank you notes and a set of stickers in the mail for laptops and phone cases...completely unexpectedly. Now.... where do you think I am going to be more inclined to give in the future? The place that exceeded expectations, or the one that advertised something and didn't deliver... La Salle falls down at execution of plans. goexplorers.com/news/2021/1/14/mens-basketball-la-salle-athletics-announces-tom-gola-arena-virtual-sellout.aspx
|
|
|
Post by stlexplorer on Apr 23, 2021 14:19:18 GMT -5
Explain to me how $5MM makes getting $45MM somehow easier or more doable. I'll say what everyone is thinking....$5 mil in scratchers
|
|
|
Post by GlitterBro #2 on Apr 23, 2021 14:40:19 GMT -5
Explain to me how $5MM makes getting $45MM somehow easier or more doable. Parable of the Talents Matthew 25: 14-30 Coincidentally read at Homecoming Mass years ago...back when we had Homecoming Mass. Falls on 33rd Sunday of Ordinary Time, Cycle A for those following along at home.
|
|
MisterD
The Baptist Himself
Voted Most Popular Poster 2012, 2013, 2015, 2016, 2017, 2018, 2019, 2020, 2022, 2023
Posts: 8,473
Likes: 6,371
|
Post by MisterD on Apr 23, 2021 15:03:48 GMT -5
The man who had received five bags of gold brought the other five. "Glitter," he said. "You entrusted me with five bags of gold. See, I have gained five more."
Glitter replied, "What the hell, dude? I said turn that into FORTY five more bags, not five more. What are we going to build with ten bags of gold? And don't ask me how to get all the rest, that's not my problem, just get it done." And so, despite so many people totally agreeing with everything Glitter had said, the man rolled his eyes and walked away.
|
|
|
Post by GlitterBro #2 on Apr 23, 2021 15:11:41 GMT -5
The man who had received five bags of gold brought the other five. "Glitter," he said. "You entrusted me with five bags of gold. See, I have gained five more."
Glitter replied, "What the hell, dude? I said turn that into FORTY five more bags, not five more. What are we going to build with ten bags of gold? And don't ask me how to get all the rest, that's not my problem, just get it done." And so, despite so many people totally agreeing with everything Glitter had said, the man rolled his eyes and walked away. You forgot to attribute the reference: MisterD: 111:7523As gymrat said before. Where is the 45 coming from? That seems assumed but couldn't something meaningful be done for less? If only something could be communicated on that...
|
|
wistergym
Utility Bench Player
Posts: 131
Likes: 95
|
Post by wistergym on Apr 23, 2021 15:26:05 GMT -5
Some of us learned a sense of loyalty and honor from the Christian Brothers. Apparently not so much lately. The funniest part of this is more than half your posts before today were praising Ryan Daly, who wasn’t loyal to Delaware.
|
|
wistergym
Utility Bench Player
Posts: 131
Likes: 95
|
Post by wistergym on Apr 23, 2021 15:27:11 GMT -5
That's because Delaware in not a Christian Brothers initiation
|
|
|
Post by 1801olney on Apr 23, 2021 16:03:23 GMT -5
Every fundraising campaign starts with a principal gift. Thats the Glaser gift. Its being spoken about more now, but when it was first made, it was rumor/secret. Maybe if La Salle announces the gift and then they kick off the campaign for the new arena around the hiring of Ash (Remember that feeling of optimism?) they are alot closer than just throwing up their arms saying "pandemic/where is the other $40M coming from/insert excuse here" and losing the gift.
|
|
|
Post by explorer88 on Apr 23, 2021 16:12:47 GMT -5
Every fundraising campaign starts with a principal gift. Thats the Glaser gift. Its being spoken about more now, but when it was first made, it was rumor/secret. Maybe if La Salle announces the gift and then they kick off the campaign for the new arena around the hiring of Ash (Remember that feeling of optimism?) they are alot closer than just throwing up their arms saying "pandemic/where is the other $40M coming from/insert excuse here" and losing the gift. Well said. To further that point I believe we had just came off the Sweet 16 run when Glaser's gift came through. There was no better time to put the wheels in motion for major fundraising. This is a La Salle problem and not necessarily a Hanycz problem. They are so afraid of publicly failing they do not allow others to see everything. The school has never raised funds properly. That is why we are sitting with $80M in endowment after 150+ years and while schools like St. Joe's have blown past us in endowment. I don't know what the answer is. Perhaps the school is doomed to fail. It certainly is not and has not moved as quickly as the world have these past several decades. Here's hoping the next President is a superstar and makes us forget about all the what-if's we missed over the years.
|
|
|
Post by diehardexplorer on Apr 23, 2021 17:55:47 GMT -5
The man who had received five bags of gold brought the other five. "Glitter," he said. "You entrusted me with five bags of gold. See, I have gained five more."
Glitter replied, "What the hell, dude? I said turn that into FORTY five more bags, not five more. What are we going to build with ten bags of gold? And don't ask me how to get all the rest, that's not my problem, just get it done." And so, despite so many people totally agreeing with everything Glitter had said, the man rolled his eyes and walked away. what is this $45mm that people are talking about? that is an absurd number. la salle will never build a brand new arena. the existing plans are for a renovation of trumark. that's the best we can hope for, unless someone finds at least 2-3 $10mm donors. sorry, not happening, at least not with the fundraising team currently in place. what have they done that would make you think they could bring in that kind of money. i have heard from what i consider to be reliable sources that john glaser's (not glasser) donation has grown to $7-8mm. the question then becomes how much would the trumark reno cost. i would be shocked if it would be any more than $20mm, and possibly for another $5mm they might be able to include a modest addition/practice facility where e&f used to be. i have also heard there were some 7 and 6 figure donations promised should this thing ever get off the ground. that was a while ago so not sure if those are still in play. so in reality, the school is close to halfway there. just do something already.
|
|
|
Post by sidclassof69 on Apr 23, 2021 18:17:21 GMT -5
Coming from a row house in Northeast Philly- I always blamed my parents for not having a beach house!!đŸ¤”đŸ¤”đŸ˜‚đŸ˜‚đŸ˜‚đŸ˜‚
|
|
|
Post by gymrat67 on Apr 23, 2021 18:41:26 GMT -5
Explain to me how $5MM makes getting $45MM somehow easier or more doable. MisterD exposed once again trying his hardest to put the apocryphal, divisive rabbit back in the hat.
|
|
|
Post by gymrat67 on Apr 23, 2021 18:42:57 GMT -5
The man who had received five bags of gold brought the other five. "Glitter," he said. "You entrusted me with five bags of gold. See, I have gained five more."
Glitter replied, "What the hell, dude? I said turn that into FORTY five more bags, not five more. What are we going to build with ten bags of gold? And don't ask me how to get all the rest, that's not my problem, just get it done." And so, despite so many people totally agreeing with everything Glitter had said, the man rolled his eyes and walked away. what is this $45mm that people are talking about? that is an absurd number. la salle will never build a brand new arena. the existing plans are for a renovation of trumark. that's the best we can hope for, unless someone finds at least 2-3 $10mm donors. sorry, not happening, at least not with the fundraising team currently in place. what have they done that would make you think they could bring in that kind of money. i have heard from what i consider to be reliable sources that john glaser's (not glasser) donation has grown to $7-8mm. the question then becomes how much would the trumark reno cost. i would be shocked if it would be any more than $20mm, and possibly for another $5mm they might be able to include a modest addition/practice facility where e&f used to be. i have also heard there were some 7 and 6 figure donations promised should this thing ever get off the ground. that was a while ago so not sure if those are still in play. so in reality, the school is close to halfway there. just do something already. THIS !!!
|
|
LaSallePal
Mop-Up Time
Formerly FjordExplorer, currently handsome
Posts: 117
Likes: 95
|
Post by LaSallePal on Apr 24, 2021 6:43:32 GMT -5
Can you outline means to your ends beyond "some people should figure out how to do this because they receive salaries"? Why is it his job to point out what has to be done? The President has a BOT and her appointed President's Advisory Council which give her input supposedly. I've been around a long time and know quite a few people on both. The common theme is " where's the plan? What has happened since last time we met?" I think if we look at this in a generally objective sense, we can look back and know a few things. 1. The news cycle seemed to be always piss poor on La Salle. Often it seemed like opportunities for positive press just weren't taken advantage of. 2. The tuition reset was a good idea... 2a. ...executed poorly. It got people through the door, but there wasn't a plan once that happened. At least, not a successful one. It might have been undertaken too soon. 3. Is the university better off than it was at the start of her tenure? I'd say it's a wash, which is a net negative because of the time lost. It was a good idea to hire an outsider to do unpleasant things, and for those things actually happening I do give credit, but once you clear things out you have to start building, at least metaphorically. I can't recall anything that actually started, grew or stabilized under her tenure. 4. For reasons that remain undisclosed, Giannini didn't serve out the remainder of his contract. That was an unexpected win. Ultimately, the job of a university president can be boiled down to vision and execution. I don't know that a coherent vision was ever articulated, and as mentioned previously, execution is not La Salle's strong suit. Some of these people involved are drawing salaries that would pay off your houses every year. It's not beyond the bounds of decency to want them to be at least average at their job. I remain optimistic about things. La Salle is still La Salle, which still means something, but the coming years are going to be difficult and a lot of colleges are going to have to do some soul searching to figure out what it is they bring to the table.
|
|
|
Post by las71 on Apr 24, 2021 11:23:05 GMT -5
I often wonder if the reason we haven't specifically raised funds for a new arena is due to our overall economic weakness. A new arena while significant to us may not be priority one to an administration forced to cut programs to save money and one with such a low endowment. Maybe the athletic department is reluctant to begin a major fund raising initiative when the school itself is struggling to raise money. The overall inertia is a concern however. Overall funding must be improved and the endowment must be increased. The athletic facility at the very least needs a substantial renovation. What should be prioritized to me isn't as significant as doing something. We need to create enthusiasm for everything La Salle and we need to do it now.
|
|
|
Post by explorer88 on Apr 24, 2021 11:28:52 GMT -5
I often wonder if the reason we haven't specifically raised funds for a new arena is due to our overall economic weakness. A new arena while significant to us may not be priority one to an administration forced to cut programs to save money and one with such a low endowment. Maybe the athletic department is reluctant to begin a major fund raising initiative when the school itself is struggling to raise money. The overall inertia is a concern however. Overall funding must be improved and the endowment must be increased. The athletic facility at the very least needs a substantial renovation. What should be prioritized to me isn't as significant as doing something. We need to create enthusiasm for everything La Salle and we need to do it now. That is fine. Just stop the charade you want to play major college basketball and move down in conference or division and let fans and alumni then decide if they want to support the school and program. Keep in mind there are schools with lower endowments or relative size endowments to La Salle that have improved their facility.
|
|
|
Post by gymrat67 on Apr 24, 2021 12:54:37 GMT -5
I often wonder if the reason we haven't specifically raised funds for a new arena is due to our overall economic weakness. A new arena while significant to us may not be priority one to an administration forced to cut programs to save money and one with such a low endowment. Maybe the athletic department is reluctant to begin a major fund raising initiative when the school itself is struggling to raise money. The overall inertia is a concern however. Overall funding must be improved and the endowment must be increased. The athletic facility at the very least needs a substantial renovation. What should be prioritized to me isn't as significant as doing something. We need to create enthusiasm for everything La Salle and we need to do it now. las71 : IMO the greatest malfeasance by past La Salle Presidents has been their failure to recognize the total inter-connectedness of all of the above factors : i.e., the corrosive effect of inadequate, sub-par athletic facilities on the economic success or lack thereof of the University's flagship basketball Program ( e.g., recruiting, etc. ), the resultant negative impacts on the declining size of the undergraduate student body, resulting in the apparent need during the past few years for the ( tuition-dependent ) University Administration to draw-down from it's already low Endowment in order to plug budget deficits or just to meet payroll, resulting, in turn, in downgrades to our Bond ratings.
|
|
|
Post by 23won on Apr 24, 2021 14:40:18 GMT -5
67 nails it. I recall doing small group high level President briefings on vision and strategy for the school, and I brought up the need to support and monetize basketball with many peripheral effects. This was before Jay's first Nova 'ship and prior to our SW-16 run. I explained how this helped Nova make quantum leaps in app numbers and giving and student selectivity for years after the '84 'ship. I got an odd response from the Prez that this was never brought up before by anyone. He didn't seem swayed, just surprised... like being told the world is not flat.
That shows the lack of getting it not only with the Prez and his crew but also with the BoT. It's no wander the Glaser gift horse has been looked at repeatedly for years.
|
|
|
Post by GlitterBro #2 on Apr 25, 2021 19:11:05 GMT -5
Since the subject of donations and such came up earlier in this thread, I figured it would be interesting to look into the publicly available contribution revenue from 2012 to 2019 (nothing else is public yet). projects.propublica.org/nonprofits/organizations/231352654The La Salle fiscal year ends on May-31 of the stated year. The contributions section is broken down as shown below for revenue. I think "Fundraising Events" may refer to things like Homecoming or Charter Dinners or things of that nature, but someone who is more of a tax accountant can correct me. Also this is gross, there are expenses further detailed for putting on the events that make the net much smaller, but this isn't a significant portion of the contribution revenue. Fiscal Year
| Charitable Contributions | Fundraising Events | Government Grants | Total | Comments | 2012 | $6,942,725 | $406,238 | $2,318,248 | $9,667,704 | | 2013 | $12,604,769 | $269,646 | $2,549,259 | $15,423,674 | Sweet 16 year, Brother Patrick Ellis dies - highest revenue | 2014 | $9,773,161 | $301,444 | $1,762,871 | $11,873,476 | | 2015 | $8,014,480 | $200,800 | $2,318,903 | $10,534,183 | | 2016 | $7,454,219 | $180,876 | $3,298,217 | $10,933,312 | 1st full fiscal year for Hanycz | 2017 | $11,110,377 | $230,048 | $2,380,106 | $13,720,531 | tuition reset year - lots of press | 2018 | $8,898,533 | $299,899 | $2,447,423 | $11,645,875 | G let go. Ash hired. Art sale | 2019 | $5,014,961 | $376,605 | $2,135,167 | $7,526,733 | lowest revenue |
Is it coincidence or correlation that the year La Salle went to the Sweet 16 was also the year of highest donations (with a bit of a carry over into FY 2014)? I'm also wondering if a lot of contributions came in to honor Bro. Pat when he passed away in 2013 as our endowment also jumped from $71.7M in 2012 to $81.5M in 2013 to $87.4M in 2014. Another big year was 2017 when La Salle was in the press a lot for the tuition reset in the fall of 2016 which saw donations rise. 2019 is the one leaving me scratching my head. We were in a booming economy at the time, so why were the donations the lowest they had been in 8 years? The other nugget of information in all these filings was that La Salle's endowment was $71.7M at the end of FY2012, $88.0M at the end of FY2015, and $80.3M at the end of FY2019
|
|
|
Post by 1801olney on Apr 25, 2021 19:15:17 GMT -5
Was the Glaser gift booked in 2013 to explain that high total?
|
|
|
Post by GlitterBro #2 on Apr 25, 2021 19:22:52 GMT -5
Was the Glaser gift booked in 2013 to explain that high total? no. And that would be ending may 31 of 2013. He died in October of that year. I don't think that gift gets booked as revenue until La Salle takes possession of it, which they haven't officially yet to my understanding.
|
|
|
Post by 23won on Apr 25, 2021 21:48:32 GMT -5
Good stuff Glitter.
A couple of things jump out. Sports success opens wallets and increases school pride.
The trend is bad - and 20 looks to be ugly when available after adjusting for Covid funny money grants. Remember, Penn with its huge endowment and no need for a handout, got way more grant money than La Salle, a school and a student base in need of way more money
Hiring a Canadian with no knowledge of working for Govt money likely resulted in the down trend fo government money.
|
|
|
Post by GlitterBro #2 on Apr 26, 2021 10:14:31 GMT -5
Since we like comparisons here and since people on here have said..."well all the Catholic schools are in the same boat", I decided to look at the data across the 7 Catholic A10 schools. We are the only school (of the comparators) whose revenue has declined since 2012, and have, by far, the lowest endowment growth. Who was managing that? These numbers speak to bigger problems of downward trends, poor money management, and poor donation results. As 23won pointed out, I'm guessing 2020 and 2021 will look bad as well. Total Contributions and GrantsFiscal Year | La Salle | St. Joe's | Bonnies | Dayton | Duquesne | Fordham | St. Louis | 2012 | $9.7M | $14.6M | $12.6M | $30.6M | $26.2M | $66.1M | $102.3M | 2013 | $15.4M | $19.8M | $7.4M | $29.8M | $20.1M | $63.9M | $90.2M | 2014 | $11.9M | $21.5M | $7.8M | $34.5M | $25.1M | $82.8M | $87.9M | 2015 | $10.5M | $17.8M | $10.0M | $44.0M | $24.0M | $58.1M | $85.1M | 2016 | $10.9M | $13.9M | $8.5M | $36.9M | $26.4M | $66.9M | $65.4M | 2017 | $13.7M | $14.1M | $9.1M | $43.7M | $25.6M | $87.5M | $72.0M | 2018 | $11.6M | $40.0M | $10.8M | $47.6M | $36.6M | $72.5M | $96.2M | 2019 | $7.5M | $14.4M | $14.2M | $48.3M | $29.4M | $91.7M | $106.5M |
Total RevenueFiscal Year | La Salle | St. Joe's | Bonnies | Dayton | Duquesne | Fordham | St. Louis | 2012 | $204.2M | $275.1M | $88.0M | $487.5M | $345.0M | $7593M | $847.9M | 2013 | $198.8M | $287.6M | $82.2M | $554.3M | $357.8M | $705.6M | $858.1M | 2014 | $201.7M | $307.9M | $81.4M | $585.5M | $376.6M | $773.9M | $905.8M | 2015 | $211.1M | $320.7M | $83.9M | $625.6M | $400.4M | $772.6M | $935.9M | 2016 | $197.2M | $323.1M | $82.0M | $628.1M | $391.1M | $771.9M | $901.1M | 2017 | $188.4M | $366.1M | $82.7M | $687.0M | $416.0M | $836.7M | $967.9M | 2018 | $161.3M | $353.7M | $90.5M | $744.9M | $430.8M | $873.4M | $1,029.8M | 2019 | $162.2M | $321.3M | $102.1M | $774.9M | $507.3M | $933.5M | $1,095.0M | 8 yr Revenue Growth | -20.6% | 16.8% | 15.9% | 59.0% | 47.0% | 22.9% | 29.2% |
EndowmentFiscal Year | La Salle | St. Joe's | Bonnies | Dayton | Duquesne | Fordham | St. Louis | 2012 | $71.7M | $168.8M | $47.7M | $407.4M | $180.2M | $491.6M | $852.8M | 2013 | $81.5M | $193.2M | $57.0M | $450.6M | $205.8M | $592.5M | $956.0M | 2014 | $87.4M | $209.3M | $61.3M | $518.1M | $261.8M | $675.1M | $1,077.0M | 2015 | $88.0M | $215.9M | $64.1M | $500.4M | $259.9M | $665.5M | $1,093.3M | 2016 | $81.6M | $202.0M | $59.9M | $473.1M | $246.3M | $622.1M | $1,053.0M | 2017 | $85.1M | $234.1M | $65.2M | $524.2M | $272.6M | $691.1M | $1,149.6M | 2018 | $85.1M | $280.3M | $70.6M | $567.3M | $308.0M | $729.2M | $1,126.1M | 2019 | $80.3M | $294.3M | $70.2M | $603.1M | $383.1M | $733.5M | $1,252.7M | 8 yr Endowment Growth | 12.0% | 74.3% | 47.3% | 48.1% | 112.6% | 49.2% | 46.9% |
|
|
|
Post by 23won on Apr 26, 2021 10:37:47 GMT -5
Impressive work. Add a column showing average incoming freshman SAT score (if you can); would be interesting. In any case, if you look at revenue, it's clear the tuition reset was a loser strategy. I think Fordham and SLU are not great comparables, but the other schools are and our revenue trend to those comps sucked by 35% to 90%.
|
|
|
Post by JoeFedorowicz on Apr 26, 2021 13:45:28 GMT -5
Good data pull. How did you cobble all this together?
|
|
|
Post by GlitterBro #2 on Apr 26, 2021 13:58:39 GMT -5
Good data pull. How did you cobble all this together? It's all publicly available here: projects.propublica.org/nonprofits/organizations/231352654 (you can search different schools or any non profit). The endowment data is in Schedule D of the tax returns. I can't help but draw a conclusion on this that she saw the trends, and the 2020 and 2021 numbers looking not much better and decided to get out of dodge and land a next spot before the data beyond 2019 became public. I also wonder if our BoT even looks at these things and why her contract was renewed after the 2019 numbers. A CEO of a company would likely not be extended with these results.
|
|
MisterD
The Baptist Himself
Voted Most Popular Poster 2012, 2013, 2015, 2016, 2017, 2018, 2019, 2020, 2022, 2023
Posts: 8,473
Likes: 6,371
|
Post by MisterD on Apr 26, 2021 14:01:29 GMT -5
Can you do this sort of analysis without expenses included? $500MM in revenue is great against $450MM in expenses and horrific against $700MM.
|
|
|
Post by JoeFedorowicz on Apr 26, 2021 15:27:35 GMT -5
I can't help but draw a conclusion on this that she saw the trends, and the 2020 and 2021 numbers looking not much better and decided to get out of dodge and land a next spot before the data beyond 2019 became public. Or she took Xavier job because it’s a better job with more money.
|
|
|
Post by explorerburger on Apr 26, 2021 15:29:52 GMT -5
Good data pull. How did you cobble all this together? It's all publicly available here: projects.propublica.org/nonprofits/organizations/231352654 (you can search different schools or any non profit). The endowment data is in Schedule D of the tax returns. I can't help but draw a conclusion on this that she saw the trends, and the 2020 and 2021 numbers looking not much better and decided to get out of dodge and land a next spot before the data beyond 2019 became public. I also wonder if our BoT even looks at these things and why her contract was renewed after the 2019 numbers. A CEO of a company would likely not be extended with these results. I know that this was a hot topic on the message board many moons ago, but it goes back to my post over the weekend: what the heck does our BoT actually do?
|
|