MBB: College Conference of Illinois and Wisconsin

[devossed]

(Also posted in MIAA chat room, but I thought I'd post here for reference)

Greg Sager, Warren Thompson, Pat Coleman, Sac, et.al...
Sorry about the time lag, but here is the data I could dig up (all from US News & World Report rankings)

School         Endowment   
Adrian         37,755,795
Albion         15,271,824
Alma         93,460,407
Calvin         69,002,113
Hope         120,896,754
Kalamazoo      135,451,239
Olivet         12,248,384
St. Mary's      90,582,261
Tri-State         16,762,417
Wisc. Luth.      13,623,885

*And for comparison, here is what they had for CCIW schools:

Augustana      88,547,535
Carthage      36,054,026
Elmhurst      66,297,075
Ill. Wesleyan      143,510,902
Millikin         59,339,448
North Central      n/a
North Park      35,295,824
Wheaton                      271,110,617


*For even further digging, here are some of what I consider the premier academic institutions in Division III (but by no means is it an exhaustive list)

School      Tuition/Fees      Total Cost   Endowment
Amherst      33,035         41,620      993,417,613
Denison      28,920         37,040      444,490,374
Grinnell      27,504         34,814      1,291,781,000
Gust Adol   24,630         30,685      78,770,330
Hanover      21,650         28,150      135,439,696
Kenyon      33,930         39,500      143,822,663
Oberlin      32,724         40,904      651,013,999
U of Chicago   31,629         41,733      3,462,473,615
Wabash      23,388         30,116      326,297,259
Washington U   32,042         42,106      4,083,958,000
Williams   31,760         40,310      1,229,516,089   
Wittenberg   27,542         34,596      102,464,318
Wooster      28,230         35,290      205,215,160


*And just for grins, to see how the endowments of Chicago/Washington compare to a few "BIG" schools in the area:

School                     Endowment
DePaul                     230,461,358
U of Illinois                  772,983,514
Northwestern                  1,816,234,000
Michigan State                  745,911,025
U of Michigan                  4,282,895,000

*Still one more FYI, taken from the GLCA consortium of liberal arts schools data:

Endowment-Per-Student
GLCA Institution (June '03)
Wabash College .......................................................................$346,818.60
Earlham College......................................................................$262,108.79
Oberlin College .......................................................................$188,083.95
Denison University.................................................................$187,563.70
DePauw University ................................................................$160,765.28
The College of Wooster ............................................................$97,228.90
Kalamazoo College...................................................................$91,228.91
Kenyon College .........................................................................$77,396.67
Albion College...........................................................................$74,312.54
Ohio Wesleyan University.......................................................$61,445.03
Antioch College.........................................................................$42,344.83
Hope College ............................................................................$34,079.68

[Drake Palmer]

GS - check your last post.  I think there's something there you might want to change.   

I'll now slink back to my corner.

[joehakes]

Wheaton's endowment is in the $270M range.

Also, you left out some pretty decent academic institutions in Division III.  MIT and Tufts would be among the top academic institutions by virtually any measurement, and I would throw Emory in there as well.  Since it is too early in the morning to think I am sure that I am missing several as well, but these schools would be higher ranked than most on your list.

[joehakes]

The Wheaton endowment that you list is for Wheaton College in Norton, MA.

[devossed]

Thanks, I fixed the Wheaton one. Like I said, by no means was it an exhaustive list. But here's your info:

MIT      32,300         41,800      5,869,800,000   
Tufts      32,621         42,018      771,793,379
Emory      30,794         40,546      4,085,830,573
Swarthmore   31,516         41,280      1,080,026,000

[emeritusprof]

Would you believe the K-12 boarding school founded by Hershey and continuing to operate in Hershey PA for disadvantaged kids (it used to be called an "orphanage") has an endowment in excess of 4 billion.

It is quite a school.  Completely free of all charges, tuition-fees, etc.  And, those who go on to college can do so with a continuing stipend.

Hershey is quite a lot more than chocolate.

[Warren Thompson]

emeritusprof:

Actually, the PR suits at Milton Hershey School claim that the original bequest is now worth 5 billion contemporary dollars. One very tidy endowment, I think.

When started, the MHS school was intended to be an agricultural and industrial school for boys (cow-milking chores continued till 1968).

Girls were first admitted in March 1977.

The initial non-white students were admitted in August 1968.

[True Basketball Fan]

MIT has almost a 6 billion dollar endowment.  Unbelievable!

How do schools increase their endowment significantly?

[True Basketball Fan]

Devos,

Where did you get that information on school endowments?

[joehakes]

MIT's endowment should come as no big surprise.  They are most likely the premier technology school in the world.  As their AD told me one time, "We are a Division I academic institution, but we are a Division III athletic institution."  They sponsor something like 43 varsity sports.  I try to imagine their department meetings!!!!!

[Titan Scouser]

Joe,
Department meetings at MIT are about like department meetings at other academic institutions, as I remember.  I taught there from 1981-88.  The number of decimal places in the budget sheet is bigger, though.

[robberki]

I may have missed it, but I believe Harvard's endowment is in the 20 billion dollar range. They could afford to no longer charge tuition of any type if they wanted to.
Many schools endowments are huge because they've been around a long time. Schools that aren't as old get endowments from either a large graduation base from which to draw donations or very successful graduates giving large amounts. It's a bit of a self-fulfilling prophecy, a school like MIT is virtually assured successful graduates, eventual nobel prize winners every few years, captains of industry, things like that.

[David Collinge]

Joe,
Department meetings at MIT are about like department meetings at other academic institutions, as I remember.  I taught there from 1981-88.  The number of decimal places in the budget sheet is bigger, though.

They budget to fractions of a cent?  I knew engineers were anal retentive, but that's going too far!   

[Mr. Ypsi]

I've taught at about a dozen schools over the years, but MOSTLY (for the last 31+) at Eastern Michigan.  At some schools I was required to do dept. meetings, at some I could, at some I was barred. 

At EMU I USED to do meetings, and over the years it has been all three scenarios.  I helped lead the fight for THIRTEEN years to unionize; after finally winning, one of my favorite benefits (just BARELY behind medical benefits, retirement, and raises) is we CAN do meetings, but we don't HAVE to - as you can probably guess, I usually don't!

My experience at all but the absolute top-of-the-line (unless you include U of Michigan, which is among my schools) or bottom-of-the-barrel (which MIGHT include a couple of schools who shall go unmentioned) is that, INDEED, all department meetings are the same, and all are a waste of time.

[Gregory Sager]

I can't figure out what it is, Drake. Please e-mail me if it's too embarrassing.