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Posted on 3/22/12 at 12:09 pm to USAFA68
This is a long post but I am very familiar with the Texas A&M Foundation and PUF Endowment. In terms of the Texas PUF Fund, the numbers for that fund over the next 5 years should more than double almost triple due to the new Texas shale horizontal natural gas drilling taking place on public land in south and west Texas. There is a drilling boom going on with the Natural gas shale play that will be a windfall to the PUF over the coming years, even if Natural gas prices stay low. Also the amount to land being leased out over just the last year is staggering ( ExxonMobil, Devon Energy and Anadarko Petroleum).
At meeting I was in at the Foundation in College Station, we were told that the PUF had a 20% increase last year, and now expect a 25-30 percent average increase in the fund each year for next five year, almost tripling the size of PUF assets. The Texas A&M Endowment could be pushing 18 Billion by 2018. This is directly correlated to the Natural Gas shell drilling boom going on Texas at this time. Another note as previously stated both University of Texas and A&M may only use the interest of these funds for capital improvements, but they are able to go to the bond markets and raise capital in the Municipal market getting AAA rating using the cash flow to fund the capital improvements. A&M is now putting together plans on where to use this future cash flow windfall for very large capital improvements on the College Station Campus.
FYI, please note this is not athletic related as the Texas A&M endowment as it is related to the PUF can not be used for Athletic Funding.
On a side note, I thought this was funny, I was heard TU approached A&M with a crazy Idea of both going in together using PUF funds to float bonds to build a High speed rail connection between Austin’s TU Campus and A&M College Station, in the future. My take they want to use PUF money as a green initiative between the two flagship campuses. The leadership in Austin thinks so much more to the left politically than leadership in College Station, it is amazing. Also, there is a growing worry in Austin that as the two University endowments grow at a high speed in the coming years due to the Energy boom in Texas, that the two State chartered flagship Universities will have political pressure at sometime to share with other state universities, i.e. Texas Tech, Sam Houston, SFA, some of there PUF Funds. There is a growing sense that A&M and Texas much work even hearded together with the legisator to protect our intrests. My take as this happens you will see A&M and Texas within the next 2-4 years come together and renew our athletic rivalries on the field of play also. We work together within the state of Texas on to many other fronts. After the TU AD retires you will see pressure from multiple sources to push Texas to play A&M once again, right now the TU leadership needs to save face with the loss of A&M.
At meeting I was in at the Foundation in College Station, we were told that the PUF had a 20% increase last year, and now expect a 25-30 percent average increase in the fund each year for next five year, almost tripling the size of PUF assets. The Texas A&M Endowment could be pushing 18 Billion by 2018. This is directly correlated to the Natural Gas shell drilling boom going on Texas at this time. Another note as previously stated both University of Texas and A&M may only use the interest of these funds for capital improvements, but they are able to go to the bond markets and raise capital in the Municipal market getting AAA rating using the cash flow to fund the capital improvements. A&M is now putting together plans on where to use this future cash flow windfall for very large capital improvements on the College Station Campus.
FYI, please note this is not athletic related as the Texas A&M endowment as it is related to the PUF can not be used for Athletic Funding.
On a side note, I thought this was funny, I was heard TU approached A&M with a crazy Idea of both going in together using PUF funds to float bonds to build a High speed rail connection between Austin’s TU Campus and A&M College Station, in the future. My take they want to use PUF money as a green initiative between the two flagship campuses. The leadership in Austin thinks so much more to the left politically than leadership in College Station, it is amazing. Also, there is a growing worry in Austin that as the two University endowments grow at a high speed in the coming years due to the Energy boom in Texas, that the two State chartered flagship Universities will have political pressure at sometime to share with other state universities, i.e. Texas Tech, Sam Houston, SFA, some of there PUF Funds. There is a growing sense that A&M and Texas much work even hearded together with the legisator to protect our intrests. My take as this happens you will see A&M and Texas within the next 2-4 years come together and renew our athletic rivalries on the field of play also. We work together within the state of Texas on to many other fronts. After the TU AD retires you will see pressure from multiple sources to push Texas to play A&M once again, right now the TU leadership needs to save face with the loss of A&M.
This post was edited on 3/22/12 at 12:19 pm
Posted on 3/22/12 at 12:19 pm to TAMU87
quote:
TAMU87
tl;dr
quote:
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Posted on 3/22/12 at 12:39 pm to TAMU87
Meanwhile, what has the cost of tuition done?
Freakin' universities.
Freakin' universities.
Posted on 3/22/12 at 12:51 pm to TAMU87
quote:
On a side note, I thought this was funny, I was heard TU approached A&M with a crazy Idea of both going in together using PUF funds to float bonds to build a High speed rail connection between Austin’s TU Campus and A&M College Station, in the future. My take they want to use PUF money as a green initiative between the two flagship campuses
Holy shite that sounds like the biggest waste of time and money ever
This post was edited on 3/22/12 at 12:52 pm
Posted on 3/22/12 at 7:10 pm to dapado33
Florida is part of the larger state university system, but there aren't satellite campuses or anything. There is no University of Florida system, you don't have things like University of Florida in _____.
Posted on 3/22/12 at 7:28 pm to bgator85
I'd wager Ball Gravy's last confederate dollar that the University of Texas at Austin has an endowment that makes AGGIE look like the "Little Sisters of the Poor"
Posted on 3/22/12 at 7:40 pm to Thibodaux Hog
Thibodaux Hog: Indeed it does. tu is about three times larger that aTm right now.
Posted on 3/22/12 at 8:00 pm to bgator85
quote:
Florida is part of the larger state university system, but there aren't satellite campuses or anything. There is no University of Florida system, you don't have things like University of Florida in _____.
Gainesville.
Posted on 3/22/12 at 8:07 pm to hsqb
Seems like I remember LSU being nearly 800 million not to long ago. Must have had most of it invested in stocks for it to have dropped.
Posted on 3/22/12 at 8:21 pm to Thibodaux Hog
Texas' endowment is larger than A&M's. They are both managed as the Permanent University Fund by the UTIMCO. Over 100 years ago, the legislature divided the fund up to set aside 2/3rds for the University of Texas and 1/3rd for Texas A&M. Both funds are dedicated to the respecive university systems. Through the fund not only are the respective flagship campuses endowed but so are the system schools and the various med schools, hospitals, etc.
For what it's worth, this fund is only open to the UT and A&M systems and the other public schools in Texas are not open to it. Sucks to be them.
For what it's worth, this fund is only open to the UT and A&M systems and the other public schools in Texas are not open to it. Sucks to be them.
Posted on 3/22/12 at 9:17 pm to Shiner Bock Aggie
Posted on 3/22/12 at 9:42 pm to Sig
We need a miniature giraffe. Opulence. I has it.
Posted on 3/22/12 at 9:57 pm to tiger perry
Actually our endowment is up substantially due to the recent Forever LSU campaign. Prior to that we were in the OM-MSU range.
Posted on 3/22/12 at 9:58 pm to lsutiger77
Looks like I'm gonna have to dish out some more dough.
Posted on 3/22/12 at 10:11 pm to Touchdown sWINe
quote:
I'd wager Ball Gravy's last confederate dollar that the University of Texas at Austin has an endowment that makes AGGIE look like the "Little Sisters of the Poor"
Per student/school in their respective university systems, TAMU is ahead of t.u. in terms of endowment. There are an insane amount of "University of Texas _______" schools... UTSA, UTEP, UTD, UTTyler, UT Permian Basin, UT Arlington, UT Brownsville, UT Pan Am, Southwestern/UTSA/UTMB med center, MD Anderson... etc.
Posted on 3/22/12 at 10:19 pm to SWCBonfire
quote:
t.u.
Why, God, why?
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