New Jack Trice Endowed Scholarship

[83cy]

I would say multiply whatever amount of scholarship you are thinking by 20-33 (5-3% return range). They generally have them be more conservative than what people shoot for on their retirement funds. So a $1000 scholarship would be a total of 20-33k. A 22k full cost would be 440-726k to be permanently set. Plus with inflation you would want a 2-3% bump in annual value so that would mean they would hold that much return.

Thank you.

 

[FatNTired]

Anyone know how much it takes to start a permanently endowed scholarship I would be interested.

$50k with a maximum 5 year pledge period. https://www.cycloneclub.org/major-gifts/#endowments

 

[BCClone]

$50k with a maximum 5 year pledge period. https://www.cycloneclub.org/major-gifts/#endowments

50k to name it, 500k to endow it, per your article. So why did you mark my response funny?

 

[FatNTired]

50k to name it, 500k to endow it, per your article. So why did you mark my response funny?

Because while you are correct in the modest and conservative investment strategy, you are incorrect. $50K is the minimum to create an endowed fund.

The rule of thumb is 5% of the corpus is dispersed annually. A $100K endowed fund would disperse $5K annually, and so on.

 

[BCClone]

Because while you are correct in the modest and conservative investment strategy, you are incorrect. $50K is the minimum to create an endowed fund.

The rule of thumb is 5% of the corpus is dispersed annually. A $100K endowed fund would disperse $5K annually, and so on.

No it’s 50k to name one, 500k to endow one per your own link.

 

[GetAwesome]

Not that I'm in a position to endow a scholarship, but I'm confused by terms available here. You can endow a full scholarship (funding/pledging that money over 3-5 years) for $500k, but that doesn't give that scholarship a name? You have to tack on an extra $50k cash to add your name to it?

Does that extra $50k get me some CyBucks to spend at the bar in the Sukup End Zone Club?

And that full 500k minimum investment is an endowment, right? So that just goes into the holdings for the school, and they use the interest/returns only to fund an individual scholarship each year? And does that 50k for naming rights also go into the endowment, or does that buy Pollard some new gingham shirts?

Apologies for the wall of questions there. With all that said, well done to Anthony Johnson. Very deserving.

 

[FatNTired]

No it’s 50k to name one, 500k to endow one per your own link.

Not that I'm in a position to endow a scholarship, but I'm confused by terms available here. You can endow a full scholarship (funding/pledging that money over 3-5 years) for $500k, but that doesn't give that scholarship a name? You have to tack on an extra $50k cash to add your name to it?

Does that extra $50k get me some CyBucks to spend at the bar in the Sukup End Zone Club?

And that full 500k minimum investment is an endowment, right? So that just goes into the holdings for the school, and they use the interest/returns only to fund an individual scholarship each year? And does that 50k for naming rights also go into the endowment, or does that buy Pollard some new gingham shirts?

Apologies for the wall of questions there. With all that said, well done to Anthony Johnson. Very deserving.

You are correct in the investment strategy. The corpus remains, and the dollars dispersed each year come from interest.

More than likely, $500K offers a full scholarship to the sport of your choosing. A $50K+ fund likely supports all athletics, so the FatNTired Family Fund might support a track athlete one year, a wrestler another, etc.

 

[jmb]

You are correct in the investment strategy. The corpus remains, and the dollars dispersed each year come from interest.

More than likely, $500K offers a full scholarship to the sport of your choosing. A $50K+ fund likely supports all athletics, so the FatNTired Family Fund might support a track athlete one year, a wrestler another, etc.

This is not accurate. Almost every endowment operates on absolute return versus "interest". If it was predicated on interest alone many endowments would be ******.

 

[t-noah]

Does that extra $50k get me some CyBucks to spend at the bar in the Sukup End Zone Club?

Let's see, that would be your safety net for the Hawkeye games?

 

[t-noah]

I think I just saw Anthony Johnson Jr. do a 3 second blip on the 'Big12 commercial' in the OuT game! All the other, well most of them, were cuts of the Big12 coaches.

Campbell must have said, I'll pass on this if Johnson wanted to do it. And he did. Very cool.