$10M gift for Cal Men's Rowing

1,070 Views | 5 Replies | Last: 8 mo ago by socaliganbear
PalyBear
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- Roger's Family donates $5M plus another $5M matching funds
- annual cost for the program is $1.7-1.8M
- full endowment would require $40-$45M

Thank you Roger's family!! Go Bears!!

https://www.mercurynews.com/2023/09/13/with-future-of-cals-olympic-sports-teams-possibly-in-question-this-program-just-received-a-10-million-gift/
SFCALBear72
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Indeed!! Thank you, Rogers' family!!

Row on you Bears!!!
Schroeder71
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https://calbears.com/news/2023/9/13/mens-rowing-rogers-family-commits-10-million-to-mens-rowing.aspx

GO BEARS!
DiabloWags
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IMPRESSIVE!
"Cults don't end well. They really don't."
juarezbear
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PalyBear said:

- Roger's Family donates $5M plus another $5M matching funds
- annual cost for the program is $1.7-1.8M
- full endowment would require $40-$45M

Thank you Roger's family!! Go Bears!!

https://www.mercurynews.com/2023/09/13/with-future-of-cals-olympic-sports-teams-possibly-in-question-this-program-just-received-a-10-million-gift/

I know the Rogers family has given a lot of money in the past. I wonder how far along they are to the $40M needed to be fully funded. Frankly, I was under the impression they were already completely self funded. I'm guessing that Rugby is the only completely self-sustaining program. Any idea how much the men's golf team needs to be fully funded?
socaliganbear
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My guess is every single program folks here think is fully endowed is not fully endowed. Which of course is not the same as having your yearly expenses covered through ongoing donations.
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