Comments about ‘BYU football: Endowment is a big part of scholarships’

Maybe I'm unclear on the concept of "endowment." But if the yearly cost of QB scholarships is $250,000, then $1M only funds that for one year.

I think the $250,000 "cost per year" is the mistake in this article. If it's not, then my next question is "$250,000???? That ain't just tuition, books, plus room and board."

Part of the 250K goes to QB promotion. i.e the elaborate party at a bar to announce St. Heaps LOI and "quest shirts".

There is a BIG problem in relying on these "endowment" scholarships. Think about it, the pressure to play these athletes who are probably very good, but may not be the best, over other players on the team. Their sponsors are following every game and press release. They are paying a lot of money for THEIR athlete. So coaches promote or overlook their weaknesses at the expense of putting the best team on the field. Press releases are tailored to promote these special athletes. And everyone on the team sees it and knows it. This works well in more individual sports; terrible for team sport morale.

I believe that off the interest of the $1,000,000 endowment, BYU will be able to pay the costs of the scholarships for 4 QB's. It most definitely not $250K per year per QB.

I believe the interest from $250,000 pays the endowment for one scholarship per year. So the interest from 1 mil pays for 4 per year. Pretty easy to understand.

I agree, Duckhunter. It isn't that hard to understand. Maybe Jeff Call will read these comments and get it now.

@Duckhunter

You got it right. An endowed scholarship is one that will continue in perpetuity without ever needing additional funds. $1million is obviously an estimate for how much will be needed for 4 scholarships. It could be more or less depending on interest rates.

@hedgeboy

You're pathetic - get a life!

What will happen to all this $$$ if it is decided to terminate the football program? Remeber this was done up in Rexburg despite all sorts of community support.

@SLC BYU Fan

What happened at Ricks was a hugely different situation. Ricks was a Jr. College that was changing to a 4 year university. The costs inherent in changing all of a schools athletic programs from Jr. College to 4 year university are massive. Also if BYU Idaho ran Unversity level athletic programs they could conceivably be in direct competition with BYU for recruits and other things.

BYU is the flagship, why make a situation where donations to athletics, and funds, may get split between 2 schools especially when one of them already has a nationally recognized athletic program in almost every sport it competes in with facilities for those sports superior to most other schools?

My dissapointment about the Ricks/BYU Idaho situation was that a high quality Jr. College athletic program was lost, and not just because it dependably supplied BYU with players, but because alot of athletes lost a place to play college sports.

Seriously, posting here without knowing the concept of an endowment?

Interest baby Interest! The initial money is never touched, the interest is spent annually, usually 10%
(it varies) or about 25k per scholarship.

The University itself has one. As do all of the departments. Many individual scholarships are set up for example, nursing etc, engineering etc.

This is generally how scholarships are created.

Some Universities have donors who donate without anyone knowing who they are or without stipulating that their name be put on yet another building or structure.

*Eccles Field House

*Eccles Business School

*rice ECCLES Stadium (poor Robert Rice)

*Eccles Tennis Center

*Eccles Olympic Legacy Bridge (couldn't the bridge even be left alone?)

*Eccles Broadcast Center

Oh, there are more...

Suffice it to say, when The President of the U was patting people on the back for joining the Pac-10, he knew who's boss.... "We did it Spence"

Huntsman gave 5 million to the U, with no stipulations, and they named the Special Events Center after him anyway. Fine and dandy.
Fulton Engineering School at BYU, same scenario.

But the Eccles or (Sorenson Medical Center) philanthropic approach is a bit nauseating.

Go Eccles Utes!