MBB: College Conference of Illinois and Wisconsin

[Gregory Sager]

Millikin is not in the same position from a financial aid perspective as say, Wheaton, IWU, Augustana or North Central which makes recruiting a little harder.

Why is Millikin not in the same position from a finanacial aid perspective?

Endowment funds generate income used by schools to fund operations, buildings and to a certain extent - financial aid.  Contrast the endowment funds (per US News 2015 College Rankings) for example, of Wheaton ($352.5M) to Millikin ($113.8M). Which school do you think earns the most income from their endowment fund?

North Central has a smaller endowment than Millikin's.

(For that matter, so do Elmhurst, North Park, and Carthage.)

Also, there isn't a direct correlation between endowment size and financial aid. Some schools have a more generous attitude towards financial aid that belies their small endowment size, while some relatively wealthy schools are stingier with aid. And endowment figures include not only unrestricted gifts but also directed gifts, money given to a school by a benefactor who specifically earmarked that money for a particular program or project. Those particular monies are thus not useable for financial aid (unless the gift in question was directed to go specifically to financial aid).

[iwu70]

As usual, Greg has it right on the complexities of financial aid and use of endowment.  IWU just completed their 125 million campaign, raising about 146 million from what I was told.  Only part of this new endowment money can be used to generate income for financial aid at IWU.  Big change, big boost was new endowed faculty chairs, which of course covers the cost of faculty salaries and benefits for those senior faculty posts, indirectly freeing more income and more annual giving for use for financial aid for worthy students, including athletes, longer term. 

Looking forward to the Titans hosting the Parkers.  Our women need a win badly . . . and our men have to grind out these home wins, each and every one.

IWU70

[kiko]

Millikin is not in the same position from a financial aid perspective as say, Wheaton, IWU, Augustana or North Central which makes recruiting a little harder.

Why is Millikin not in the same position from a finanacial aid perspective?

Endowment funds generate income used by schools to fund operations, buildings and to a certain extent - financial aid.  Contrast the endowment funds (per US News 2015 College Rankings) for example, of Wheaton ($352.5M) to Millikin ($113.8M). Which school do you think earns the most income from their endowment fund?

North Central has a smaller endowment than Millikin's.

(For that matter, so do Elmhurst, North Park, and Carthage.)

Also, there isn't a direct correlation between endowment size and financial aid. Some schools have a more generous attitude towards financial aid that belies their small endowment size, while some relatively wealthy schools are stingier with aid. And endowment figures include not only unrestricted gifts but also directed gifts, money given to a school by a benefactor who specifically earmarked that money for a particular program or project. Those particular monies are thus not useable for financial aid (unless the gift in question was directed to go specifically to financial aid).

The actual numbers, for those who care about the specifics:

CCIW Comparative Costs, 2013-2014

Illinois Wesleyan - $48,452
Augustana - $44,937
Carthage - $44,350
Elmhurst - $42,032
North Central - $41,940
Wheaton - $39,660
Millikin - $38,382
North Park - $31,330
-----
Average - $41,385


CCIW Comparative Endowments, 2013 ($MM)

Wheaton - $352.5
Illinois Wesleyan - $214.7
Augustana - $127.7
Millikin - $113.8
North Central - $97.4
Elmhurst - $94.0
North Park - $72.6
Carthage - $64.6
-----
Average - $142.2

[WUPHF]

IWU just completed their 125 million campaign, raising about 146 million from what I was told.  Only part of this new endowment money can be used to generate income for financial aid at IWU.  Big change, big boost was new endowed faculty chairs, which of course covers the cost of faculty salaries and benefits for those senior faculty posts, indirectly freeing more income and more annual giving for use for financial aid for worthy students, including athletes, longer term. 

It is generally much easier to convince the especially wealthy to give money endowed faculty, buildings, and such, but scholarships are a tougher sell. 

As for Wheaton, I have to think that a significant percentage of the endowment is restricted for things such as the conservatory and the Billy Graham Center and so forth.

[iwu70]

Kiko, I'm pretty sure IWU's endowment is now above 280 mil, even over 300 mil, with the just completed 7 year campaign.  Dick Wilson did a great job -- and all the Development staff, alums and friends of IWU.  Everyone pitched -- large and small gifts of all types. Latter phases of the campaign very much focused on securing many new endowed scholarships for students.   Dick Wilson is retiring now, probably pretty tired of asking folks for money!  LOL.  IWU in a search, likely a new President in place by July, 2015.  After 165 years of men and ministers only, I'm hoping for a woman or a person of color to assume the Presidency.  Just say'in.   The world has changed, so why not IWU?

IWU70

[Titan Q]

Illinois Wesleyan (11-4, 3-1) vs North Park (9-6, 0-4), 7:00pm...

(conference only stats)

Illinois Wesleyan (11-4, 3-1)
G - Dylan Overstreet, 6-3/180 Sr. (10.5 ppg, 5.3 rpg, 4.0 apg)
G - Jordan Nelson, 6-1/170 Sr. (17.0 ppg, 2.0 rpg, 1.5 apg)
G - Pat Sodemann, 6-3/195 Sr. (6.8 ppg, 3.0 rpg)
F - Ryan Coyle, 6-6/208 Jr. (6.8 ppg, 4.5 rpg)
C - Trevor Seibring, 6-8/235 So. (7.0 ppg, 3.0 rpg)

C - Mike Marietti, 6-8/245 Jr. (9.3 ppg, 3.8 rpg)
G - Bryce Dolan, 6-0/165 Jr. (7.8 ppg, 3.5 apg)
G - Joel Pennington, 6-0/175 Jr. (5.5 ppg)
F - Alec Bausch, 6-6/210 So. (4.0 ppg, 2.5 rpg)
G - Brady Rose, 6-2/170 Fr.  (3.7 ppg)

North Park (9-6, 0-4)
G - Colin Lake, 5-7/145 Fr. (11.5 ppg, 1.5 rpg, 0.8 apg)
G - Juwan Henry, 5-10/165 So. (22.8 ppg, 3.8 rpg, 3.3 apg)
G - Garrett Gatz, 5-10/185 Sr. (4.0 ppg, 1.5 rpg)
F - Jordan Robinson, 6-3/185 Fr. (14.7 ppg, 5.7 rpg)
F - Michael Hutchinson, 6-4/205 Jr. (6.8 ppg, 6.0 rpg)

G - T.J. Cobbs, 5-10/165 So. (4.0 ppg, 3.5 rpg)
G - Trevor Pye, 6-0/170 Fr. (2.3 ppg)
F - Matt McNamara, 6-6/235 So. (2.0 ppg)
F - Michael Wilson, 6-2/170 Sr. (0.3 ppg)
G - Trent Kucera, 5-10/185 Sr. (0.0 ppg)


Pantagraph - http://www.pantagraph.com/sports/college/illinois-wesleyan/heyen-back-in-action-for-iwu/article_4d3d910e-db9b-51c8-b6f3-802c56f90083.html

Live video/stats - http://portal.stretchinternet.com/iwu/

WJBC Radio - http://portal.stretchinternet.com/wjbc/

[Titan Q]

Nice piece in the Pantagraph about IWU's Brandon Heyen, and his battle back from so many injuries - http://www.pantagraph.com/sports/college/illinois-wesleyan/heyen-back-in-action-for-iwu/article_4d3d910e-db9b-51c8-b6f3-802c56f90083.html.

Heyen is a really long, 6-8 combo forward who has a nice skill set.  I know that Ron Rose was high on him as a recruit out of PBL -- but he literally has just never been healthy the last 2+ seasons.  My gut feeling is that he is just way too behind to get in the mix this year, but I think the Titans could use another good big in the rotation.  So something to at least keep an eye on.

[AppletonRocks]

It looks like Millikin will have an uphill battle to win another game this season.  I'm new to the D3 basketball world and the CCIW so I don't know what the definition of success would be at Millikin but does that put Nadelhoffer on the hot seat?  He's obviously improved the program since he came on board but it seems like the CCIW power houses just keep reloading year after year which would make further improvements a monumental task. Nadelhoffer has been able to bring in a lot of talent (including a lot this year) but very few have stuck around.  Only 6 remain from the 18 of his first recruiting class. Is that pretty common everywhere in D3 or does Millikin have a tougher time because they haven't been able to break through to the next level in CCIW play?  I wouldn't want the job of trying to rebuild a team in this conference!  I've been very impressed with the conference as I've tried to follow it over the past couple of years!

The CCIW is so tough it's possible the whole league may break up, as Augustana and Illinois Wesleyan are considering petitioning the Big 10 to join them.  So I think the Millikin coach has some time.

[kiko]

Kiko, I'm pretty sure IWU's endowment is now above 280 mil, even over 300 mil, with the just completed 7 year campaign.  Dick Wilson did a great job -- and all the Development staff, alums and friends of IWU.  Everyone pitched -- large and small gifts of all types. Latter phases of the campaign very much focused on securing many new endowed scholarships for students.   Dick Wilson is retiring now, probably pretty tired of asking folks for money!  LOL.  IWU in a search, likely a new President in place by July, 2015.  After 165 years of men and ministers only, I'm hoping for a woman or a person of color to assume the Presidency.  Just say'in.   The world has changed, so why not IWU?

IWU70

Those are the 2013 numbers -- I'm sure everyone's will reflect increases when 2014 nums are published.  (Including non-green schools. )  One, these numbers will reflect campaigns like what you describe, and two, depending on how these funds are invested, they should benefit from what was a relatively solid year for returns in the financial markets in 2014.

[mr_b]

The CCIW is so tough it's possible the whole league may break up, as Augustana and Illinois Wesleyan are considering petitioning the Big 10 to join them.  So I think the Millikin coach has some time.

I doubt that's in the works.  Illinois Wesleyan has the monopoly on green, so that would preclude Michigan State from joining the CCIW... same with Augustana and U of Michigan -- too much blue and gold already in the conference.

[iwu70]

Agree with you Q, on Heyen.  Great story that he stuck it out, stayed loyal to the program, got back to some fitness, got a few varsity minutes last game.  Great to see.  But, his fitness overall will take time, esp. on D.  Nice that he's back but a lot of guys in front of him now, though with injuries and the flu about,perhaps he'll still get some meaningful minutes at some point.  Who knows?   Let's hope the other IWU bigs get tougher, stay healthy down the stretch.  Yes, Heyen is another option at the 3 or 4 -- behind 4-5 other guys at present. 

Big game next up vs. the Doggies.

IWU70

[Gregory Sager]

Carthage 80
Millikin 76

Congratulations to Bosko Djurickovic on his 500th career win!

[joehakes]

Congrats to Bosko on #500!!  A great accomplishment.

[Gregory Sager]

Augustana 78
Wheaton 74

[Gregory Sager]

Illinois Wesleyan 76
North Park 66