(01-30-2015 06:27 PM)eager eagle Wrote:  

(01-30-2015 11:09 AM)DETLTU Wrote:  

(01-30-2015 10:48 AM)eager eagle Wrote:  

(01-30-2015 10:12 AM)ODUalum78 Wrote:  Here is the complete list of CUSA institutions; Courtesy of ODUOldtimer

CUSA Schools Ranks
1). Rice rank #30 $5,527 B
2). UAB rank T#227 $327 M http://en.wikipedia.org/wiki/University_...Birmingham
3). ODU rank #288 $213 M
4). Florida Atlantic rank #294 $208 M
5). Florida International rank #333 $ 176 M
6). North Texas rank #371 $143 M
7). UTEP rank T#351 $151 M http://en.wikipedia.org/wiki/University_...at_El_Paso
8). Charlotte rank #341 $168 M
9). Western Kentucky rank #390 $135 M
10). UTSA rank T#424 $113 M http://en.wikipedia.org/wiki/University_...an_Antonio
11). Marshall rank # 435 $108 M
12). LA Tech rank T#362 $94 M http://en.wikipedia.org/wiki/Louisiana_Tech_University
13). Middle Tennessee rank #483 $88 M
14). Southern Miss rank #515 $78 M

http://www.nacubo.org/Documents/Endowmen...Values.pdf

Louisiana requires an annual audit of its universities and their Foundations. The Louisiana Tech University opened its books to auditors for the fiscal year ending 6-30-2014 that showed the Louisiana Tech University Foundation to have NET assets of $45,489,988 and a NET endowment of $28,510,326. The auditors reviewed those records and agreed they were correct. The current fiscal year does not end until 06-30-2015.

Thus, you can believe the school and its auditors, or Wikipedia.

I figured this was coming. We've discussed it before but per note 12 from the auditors report:
Certain endowed fiinds are provided by the State of Louisiana as a match to these qualifying private endowed contributions. Once the match is received, the private endowed funds along with the matching endowed funds are transferred to the Due to Louisiana Tech University liability account.

Those funds cannot be an asset for the Foundation, but they are for the University.
Total value of that account is 40,493,409.

I know that doesn't fit with your agenda, but other people should know the truth at least.

La Tech was not included in the first listing but someone checked with Wikipedia which showed $94mil endowment resulting in a #12 rank in Cusa and about 360 or so nationally. I checked and simply quoted from the audit report which clearly identifies the La Tech endowment has a net value $28,510,326. Now, what you say is indeed correct but the figure you are talking about is mixing oranges and apples because the over $40mil INCLUDES state matching funds AND donated endowment money. We are talking here about endowments and NOT matching state funds because state funds are not guaranteed over the years whereas endowments are set in cement with only the interest available for use from year to year.

Close. The state matched funds shown in liabilities are only those that are already received. You are correct that when a donation is made to the endowment, the state matching funds are not guaranteed. That's why they stay in the general endowment figure until the state matching funds are received. When the state matches a 600k donation with the 400k state funds, the entire million is shown in the Due to University liability as well as the assets. It's money that the university has on hand as part of it's endowment. There is a huge backlog of matching funds still waiting for the state match that may never get paid. The $40 million is on hand and not subject to withdrawal by the state.