SMU announced that it raised $100 million during the week following the ACC announcement.
— Ross Dellenger (@RossDellenger) September 18, 2023
At least $100 million more is eventually coming as part of a commitment from a small group of billionaire boosters👇 https://t.co/3cDHVJfn6A
Where's our small group of billionaire boosters?
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Last: 1 yr ago by MinotStateBeav
I'm thoroughly impressed. How did such a small school do that relative the 1 mm we raised?
Yes, where are our billionaires!!! #Save CalFootball
Yes, where are our billionaires!!! #Save CalFootball
Football loving boosters.Econ141 said:
I'm thoroughly impressed. How did such a small school do that relative the 1 mm we raised?
Yes, where are our billionaires!!! #Save CalFootball
That is very impressive, but very few schools have an alumni base like that. And by 'like that' I mean, both have the means and the desire.
Is this all just to the school or is it a combination of school + NIL, or just NIL?
We raised $1.2 MM NIL! woo hoo (/s)
We raised $1.2 MM NIL! woo hoo (/s)
Econ141 said:
I'm thoroughly impressed. How did such a small school do that relative the 1 mm we raised?
Yes, where are our billionaires!!! #Save CalFootball
This was all prearranged. This group of donors got together and were willing to put in the money to buy SMU's way into a Power 5 conference by donating money so that the school could offer to forego media payouts from the ACC for the first 9 years. So that works out 22 million a year over 9 years.
So all of that money can be considered break even or less in exchange for membership into a Power 5 conference.
We have the alumni wealth to come to the table with this kind of funding:
https://en.wikipedia.org/wiki/List_of_universities_by_number_of_billionaire_alumni#:~:text=Counting%20all%20degrees%2C%20Harvard%20University,most%20recent%202022%20Forbes%20report.
I think our NIL effort is on the right track and very well suited to the demographic of our alumni base. Always better to have more people give smaller amounts than a few people give larger amounts. This way you don't run into problems with some big donor wanting to call all the shots.
Our recent donation if 1.2 million to NIL was very impressive because it was spontaneous, done in a smaller donation crowd funding type way and came together in such a short time.
So all of that money can be considered break even or less in exchange for membership into a Power 5 conference.
We have the alumni wealth to come to the table with this kind of funding:
https://en.wikipedia.org/wiki/List_of_universities_by_number_of_billionaire_alumni#:~:text=Counting%20all%20degrees%2C%20Harvard%20University,most%20recent%202022%20Forbes%20report.
I think our NIL effort is on the right track and very well suited to the demographic of our alumni base. Always better to have more people give smaller amounts than a few people give larger amounts. This way you don't run into problems with some big donor wanting to call all the shots.
Our recent donation if 1.2 million to NIL was very impressive because it was spontaneous, done in a smaller donation crowd funding type way and came together in such a short time.
SMU money is no joke. i have a friend who goes there and he knows kids who will buy sportscars for a semester then give them to a friend so they can buy another sportscar the next semester. one of his friends told him on a night out to "please keep the bill under 30k, or 40k at most". it's insane wealth. and those are just the kids of the boosters. 200M is pocket change for those donors.
eastcoastcal said:
SMU money is no joke. i have a friend who goes there and he knows kids who will buy sportscars for a semester then give them to a friend so they can buy another sportscar the next semester. one of his friends told him on a night out to "please keep the bill under 30k, or 40k at most". it's insane wealth. and those are just the kids of the boosters. 200M is pocket change for those donors.
I guess a lot of their wealthy alums are old enough to remember their program's Pony Express glory years with Dickerson and co, and are eager to revive them now that they've finally returned to the big leagues.
SMU and Texas oil money is serious. Football is also more akin to a religious experience there than here.
Jack Ma, founder of Alibaba is worth about $25 billion
"Ma has largely kept his family life out of the spotlight. He married Zhang Ying, a teacher whom he met at school, after they graduated in the late '80s. "[He] is not a handsome man, but I fell for him because he can do a lot of things handsome men cannot do," Zhang has said. They have two children a daughter and a son who is an undergrad at UC Berkeley. Ma has also audited history classes at his son's college."
"Ma has largely kept his family life out of the spotlight. He married Zhang Ying, a teacher whom he met at school, after they graduated in the late '80s. "[He] is not a handsome man, but I fell for him because he can do a lot of things handsome men cannot do," Zhang has said. They have two children a daughter and a son who is an undergrad at UC Berkeley. Ma has also audited history classes at his son's college."
And with US oil production at record highs....there will be more $$$ to be had by the Republic of Texas.
We don't need these guys. We have Calimony!
calumnus said:
Ma has also audited history classes at his son's college."
I've heard of the DAR and their textbook efforts but can't say I've ever heard of the sons of Mao…
Auditing a history class?
The serious ****?
It's also going to be a little trickier to solicit NIL donations given that the NIL donations aren't tax deductible. If the SMU donations were more for the Athletics Fund at large then they are likely tax deductible. $100M in 7 days is impressive, don't get me wrong, but it'd be a lot more impressive if it was all towards NIL too.evanluck said:
This was all prearranged. This group of donors got together and were willing to put in the money to buy SMU's way into a Power 5 conference by donating money so that the school could offer to forego media payouts from the ACC for the first 9 years. So that works out 22 million a year over 9 years.
So all of that money can be considered break even or less in exchange for membership into a Power 5 conference.
We have the alumni wealth to come to the table with this kind of funding:
https://en.wikipedia.org/wiki/List_of_universities_by_number_of_billionaire_alumni#:~:text=Counting%20all%20degrees%2C%20Harvard%20University,most%20recent%202022%20Forbes%20report.
I think our NIL effort is on the right track and very well suited to the demographic of our alumni base. Always better to have more people give smaller amounts than a few people give larger amounts. This way you don't run into problems with some big donor wanting to call all the shots.
Our recent donation if 1.2 million to NIL was very impressive because it was spontaneous, done in a smaller donation crowd funding type way and came together in such a short time.
CNHTH said:calumnus said:
Ma has also audited history classes at his son's college."
I've heard of the DAR and their textbook efforts but can't say I've ever heard of the sons of Mao…
Auditing a history class?
The serious ****?
Recent article:
https://www.wired.com/story/jack-ma-isnt-back/
Our Uber wealthy types don't care about sports from what I have heard and much of the new money is folks with overseas backgrounds who could care less about most American sports and particularly football. Look how easy it is for the Light the way campaign to tack on another $200M recently. That's where they put their money.
We do have some sports backers that have significant means in the tech community. Some are quietly donating and I know of one who helped NIL. Most don't trust giving money to Cal, and certainly won't do anything with knowlton around.
We do have some sports backers that have significant means in the tech community. Some are quietly donating and I know of one who helped NIL. Most don't trust giving money to Cal, and certainly won't do anything with knowlton around.
95bears said:
Our Uber wealthy types don't care about sports from what I have heard and much of the new money is folks with overseas backgrounds who could care less about most American sports and particularly football. Look how easy it is for the Light the way campaign to tack on another $200M recently. That's where they put their money.
We do have some sports backers that have significant means in the tech community. Some are quietly donating and I know of one who helped NIL. Most don't trust giving money to Cal, and certainly won't do anything with knowlton around.
Nothing screams fiduciary responsibility like raising 5 billion for improvements and then claiming you are still saddled with 500 million of debt that you are carrying against a capital improvement on land you own.
CFO material right there. Hire that man!
CAL does not raise 7, 055, 800 something thousand $ from people that don't trust CAL.
CNHTH said:95bears said:
Our Uber wealthy types don't care about sports from what I have heard and much of the new money is folks with overseas backgrounds who could care less about most American sports and particularly football. Look how easy it is for the Light the way campaign to tack on another $200M recently. That's where they put their money.
We do have some sports backers that have significant means in the tech community. Some are quietly donating and I know of one who helped NIL. Most don't trust giving money to Cal, and certainly won't do anything with knowlton around.
Nothing screams fiduciary responsibility like raising 5 billion for improvements and then claiming you are still saddled with 500 million of debt that you are carrying against a capital improvement on land you own.
CFO material right there. Hire that man!
They don't teach finance, budgeting or fiscal responsibility in the Army.
concernedparent said:Football loving boosters.Econ141 said:
I'm thoroughly impressed. How did such a small school do that relative the 1 mm we raised?
Yes, where are our billionaires!!! #Save CalFootball
This. Cal alums have money. Not enough give a hoot about footbawl.
That last part is key. I worked with several extremely wealthy alumni who were massive sports fans and they had zero desire to give to Cal athletics. They had no faith the money would lead to success on the field.95bears said:
Our Uber wealthy types don't care about sports from what I have heard and much of the new money is folks with overseas backgrounds who could care less about most American sports and particularly football. Look how easy it is for the Light the way campaign to tack on another $200M recently. That's where they put their money.
We do have some sports backers that have significant means in the tech community. Some are quietly donating and I know of one who helped NIL. Most don't trust giving money to Cal, and certainly won't do anything with knowlton around.
GoFundMe campaigns and CMS have created magic in the past.
GoFundMe raises $87K for Berkeley hot dog vendor
https://www.10news.com/news/hot-dog-vendor-presented-with-87k-after-uc-berkeley-citation
GoFundMe raises $87K for Berkeley hot dog vendor
https://www.10news.com/news/hot-dog-vendor-presented-with-87k-after-uc-berkeley-citation
Cancel my subscription to the Resurrection
Send my credentials to the House of Detention
I got some friends inside
Send my credentials to the House of Detention
I got some friends inside
HKBear97! said:That last part is key. I worked with several extremely wealthy alumni who were massive sports fans and they had zero desire to give to Cal athletics. They had no faith the money would lead to success on the field.95bears said:
Our Uber wealthy types don't care about sports from what I have heard and much of the new money is folks with overseas backgrounds who could care less about most American sports and particularly football. Look how easy it is for the Light the way campaign to tack on another $200M recently. That's where they put their money.
We do have some sports backers that have significant means in the tech community. Some are quietly donating and I know of one who helped NIL. Most don't trust giving money to Cal, and certainly won't do anything with knowlton around.
Well, we just raised $7B and have three months left until the Light the Way Campaign ends. There are plenty of people out there who have enough faith in our beloved University. If your wealthy alumni friends are concerned about the use of the funds, they can always place restrictions on its allocations and the University will be bound by those restrictions.
red hate, ur kinda naive/clueless, raising dollars via non binding commitments is not the same thing as actually collecting dollars, got it?HateRed said:
CAL does not raise 7, 055, 800 something thousand $ from people that don't trust CAL.
upsetof86 said:concernedparent said:Football loving boosters.Econ141 said:
I'm thoroughly impressed. How did such a small school do that relative the 1 mm we raised?
Yes, where are our billionaires!!! #Save CalFootball
This. Cal alums have money. Not enough give a hoot about footbawl.
Worse, they actually dislike football.
I have to admit seeing $100M being raised by SMU for football and thinking there have got be better ways as a society to spend that money. It's one thing if media companies want to spend the money because they think they will get a return on it but why would I do that as a donor unless football was really important to me? We might have better luck recruiting donors from all the professional athletes that see a benefit in maintaining athletics.
dimitrig said:upsetof86 said:concernedparent said:Football loving boosters.Econ141 said:
I'm thoroughly impressed. How did such a small school do that relative the 1 mm we raised?
Yes, where are our billionaires!!! #Save CalFootball
This. Cal alums have money. Not enough give a hoot about footbawl.
Worse, they actually dislike football.
I have to admit seeing $100M being raised by SMU for football and thinking there have got be better ways as a society to spend that money. It's one thing if media companies want to spend the money because they think they will get a return on it but why would I do that as a donor unless football was really important to me? We might have better luck recruiting donors from all the professional athletes that see a benefit in maintaining athletics.
How much was spent on the Iraq War?
How much is being spent by all sides since the Russian invasion of Ukraine?
Since he lost and then tried to overturn the results of the 2020 election, people hove donated over $500 million to Donald Trump.
$100 million of Texas oil revenues going to SMU football….. I am sure they were not going to spend it in a more socially beneficial way anyway.
I was talking about athletics and football in particular. You're highlighting academic giving. I think most would agree that Cal generally routes academic donations to the right places.HateRed said:
CAL does not raise 7, 055, 800 something thousand $ from people that don't trust CAL.
In the case of athletics, it's been well documented that prior to CALiber in football, the AD would take a donation for football and give it to women's soccer or wherever needed to make all 30 sports happy. Plus the chancellor siphons off 10% for her discretionary campus-wide fund. It's still the case in every sport but football and basketball that the Jimbo can take your money and redistribute it however he pleases.
That builds distrust. Especially when your AD is incompetent.
A hundred million could help pay for some hookers, crack cocaine, child support, and a brand new laptop.
95bears said:I was talking about athletics and football in particular. You're highlighting academic giving. I think most would agree that Cal generally routes academic donations to the right places.HateRed said:
CAL does not raise 7, 055, 800 something thousand $ from people that don't trust CAL.
In the case of athletics, it's been well documented that prior to CALiber in football, the AD would take a donation for football and give it to women's soccer or wherever needed to make all 30 sports happy. Plus the chancellor siphons off 10% for her discretionary campus-wide fund. It's still the case in every sport but football and basketball that the Jimbo can take your money and redistribute it however he pleases.
That builds distrust. Especially when your AD is incompetent.
He gave $5 million to a swim coach after he was told she was abusing the swimmers, then spent $2 million investigating her only after reports came out on the press. He gave $10 million to Mark Fox to drive our program to the worst finish in our history, worst in the country with the lowest scoring team in the country and he extended Justin Wilcox out to year 11 after losing seasons in years 4 and 5, with $30 million guaranteed.
Where do you think that money came from? Do you think it came from people that don't trust CAL?
red hate, if cal got these hundreds of millions of dollars why did the athletic department covertly borrow $11,000,000 from the central campus & why hasn't the basketball practice facility begun construction?Shocky1 said:red hate, ur kinda naive/clueless, raising dollars via non binding commitments is not the same thing as actually collecting dollars, got it?HateRed said:
CAL does not raise 7, 055, 800 something thousand $ from people that don't trust CAL.
don't be a dumb azz#
Check out the Light The Way Campaign: The Campaign For Berkeley website. It's all there. Please don't tell me the university is lying about that. You must be one of those people that don't trust CAL. I hope you don't donate.
hate red, ima probably the leading advocate/fundraiser for rescue animals in maricopa county with annual donations that exceed the cal nil fundraising for football & basketball combined (that's not on a knock on the cal nil fundraising, it's just a fact)
when rich people pledge dollars to various facilities they 100% understand they will need to hand me a check written (the money never touches me, ima not operating in any fiduciary capacity outside of my own personal donations) to their favorite charity within 48 hours & that i will meet them anywhere/anytime to make sure that happens
my pledge to collection ratio is around 98% (even death is not a legit excuse to the monster)
but u can believe what u wanna believe re: cal fundraising, maybe u could throw a party or something at the new basketball practice facility, right?
when rich people pledge dollars to various facilities they 100% understand they will need to hand me a check written (the money never touches me, ima not operating in any fiduciary capacity outside of my own personal donations) to their favorite charity within 48 hours & that i will meet them anywhere/anytime to make sure that happens
my pledge to collection ratio is around 98% (even death is not a legit excuse to the monster)
but u can believe what u wanna believe re: cal fundraising, maybe u could throw a party or something at the new basketball practice facility, right?
hypothetical but realistic light the way campaign phone conversation:
cal fundraiser: ok, jimmy, do you think with your net worth of 20 million that when you pass on it might be possible to donate some of that money to berkeley?
jimmy: well, maybe but not really sure, my kids & future grandkids will be the first priorities but yeah i might leave some money to berkeley
cal fundraiser: terrific!...i'll put you down for a 10 million dollar donation, please remember this is a non binding commitment so it's no big deal if you don't leave actually leave any money to berkeley...this is gonna help me win the sales contest!
jimmy: uh ok
cal fundraiser: by the way, how old are are you jimmy?
jimmy: ima 34, sold my tech company 2 years ago, living in ibiza now
cal fundraiser: ok, jimmy, do you think with your net worth of 20 million that when you pass on it might be possible to donate some of that money to berkeley?
jimmy: well, maybe but not really sure, my kids & future grandkids will be the first priorities but yeah i might leave some money to berkeley
cal fundraiser: terrific!...i'll put you down for a 10 million dollar donation, please remember this is a non binding commitment so it's no big deal if you don't leave actually leave any money to berkeley...this is gonna help me win the sales contest!
jimmy: uh ok
cal fundraiser: by the way, how old are are you jimmy?
jimmy: ima 34, sold my tech company 2 years ago, living in ibiza now
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