Monday, October 4, 2021

Endowments Skyrocket

 

written by STEVE ULRICH
your must-read briefing on what's driving the day in NCAA Division III
 
 
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TOP STORY

1. Endowments Skyrocket


Riches And Rankings: Washington University's Soaring Endowment
by Emma Whitford, Inside Higher Ed


"America’s wealthiest colleges and universities saw their endowment returns take off in fiscal year 2021 after dismal average returns the year prior.

Bowdoin College reported a 57.4 percent return during fiscal 2021, which ended June 30. Its endowment is now valued at $2.72 billion. The University of Minnesota notched a 49.2 percent return last fiscal year, and Brown University’s endowment gained more than 50 percent, The Wall Street Journal reported. The combined endowment for the University of Illinois System and the University of Illinois Foundation, the system’s fundraising nonprofit, is now valued at $3.82 billion after a 34 percent return in fiscal 2021.

The driving force behind this spike in returns? Alternative investments, said Christopher Good, director of RBC Capital Markets, who works with higher education institutions.

As a result, the wealthiest colleges and universities got a boost. Endowments valued at more than $1 billion, of which there are relatively few, are more likely to invest in alternative asset classes like venture capital and private equity, recent data from the National Association of College and University Business Officers showed."

>> Situational Awareness: "Venture capital, one type of alternative investment, had a banner year in fiscal 2021, according to the Journal. The average valuation of early-stage U.S. start-ups -- which are typically funded by venture capital -- increased by more than 50 percent during the first half of 2021, rising to $96 million."

>> The Big Picture: "Duke University, which sits on a $12.7 billion endowment, saw a 56 percent return in fiscal 2021. Washington University of St. Louis saw even steeper returns, notching 65 percent and growing its endowment to $15.3 billion."

>> The Key Stat: "Most institutions spend a set percentage each year from their endowment earnings. While it’s unlikely that an institution would increase that rate after one good year, the total revenue increases along with the size of the endowment, Good said."

>> Continue Reading

A MESSAGE FROM ULRICH CONSULTING
 
 

2019 NFL schedule release: Beckham, Bell, Brown impact - Sports Illustrated

Commissioners ... looking for someone to produce conference schedules for you? It's such a time-consuming task ... and a thankless one. Always being accused of favoritism ... not cognizant of class schedules and travel constraints, etc?
 
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CONFERENCES

2.  Stroman Named CSAC Commissioner


Marie Stroman named CSAC Commissioner

The Board of Directors of the Colonial States Athletic Conference (CSAC) has selected Marie Stroman as the Commissioner of CSAC, effective October 14, 2021. She comes to this position bringing experience as a Division III student-athlete and as an administrator with the Middle Atlantic Conference (MAC) for more than a decade. 

In 2011, Stroman began as Coordinator of MAC 100, a year-long centennial celebration, and she progressed to assistant executive director two years later. She was named associate executive director of MAC in 2015. In this role, Stroman directed all aspects of 14 conference championships and assisted in 23 playoff championships. She served as a staff liaison to the MAC Student-Athlete Advisory Committee, advanced the MAC through a five-year strategic plan and administered the NCAA Division III Strategic Initiatives Grant Program.

The Minnesota native earned a Bachelor of Arts in Psychology and Educational Studies at Macalester College, where she was a two-year captain, four-year starter and named Most Valuable Player for women’s volleyball. She went on to earn her Master of Education in Intercollegiate Athletic Leadership at the University of Washington.

>> What They're Saying: “In our last round of interviews, we faced six highly qualified candidates. Through that process, Marie’s experience, leadership skills and strength in communication stood out and made her the clear choice to become our Conference commissioner.” - Dr. James Lytle, Chairman of the CSAC Board of Directors and President of Clarks Summit University

>> Read the complete release

    GOLF

    3. Going Dancing

    Womens Golf  NACC Champions

    Two teams punched their ticket this weekend to the NCAA Division III Golf championship in May, as Carthage and Aurora won their respective women's conference titles.

    The Redbirds entered the final round of the 54-hole CCIW championship tied with Illinois Wesleyan. Kate Munro fired a three-under-par 69 as Carthage posted a 294 to edge the Titans by seven shots. Teammate Adrienne Rohwedder carded a 72 and took home medalist honors with a two-over 218.

    >> CCIW Results

    The Spartans went wire-to-wire to capture their sixth NACC crown in the last eight seasons. Kellie Sakamoto captured individual honors with a four-stroke victory over the field.

    >> NACC Results
     
    REVIEW

    4. The Weekend Past
     


    Cross Country

    Field Hockey

    Football

    Soccer (W)

    • No. 24 Hamilton remained unbeaten with a 1-0 victory at No. 13 Tufts on a goal by Ashlyn Gaulin.
    Soccer (M)

    Volleyball (W)

    • No. 6 Hope rallied from a 2-1 deficit to down No. 4 Calvin in five sets. Maggie Wehrmeyer recorded a program-record 44 digs for the Flying Dutch.

    Scoreboards -  XC  |  FHK  |  FB  |  MSOC  |  WSOC  |  VB
    ICYMI

     5.  Top Plays












    Do you have outstanding plays to share with our community? Send the link to us at D3Playbook and use the hashtag #D3Plays

    TRANSACTIONS

    6.  Comings and Goings
     
    1 THING

    7.  If You Build It ... 


    Field of Dreams Game Feature

    "The Luther College and Briar Cliff University baseball teams are excited to announce they will be the first collegiate teams to play on the iconic Field of Dreams original movie site in Dyersville, Iowa. This historic game will be held on Sept. 16, 2022. 

    "We are so thankful that Briar Cliff University thought enough of our institution, athletic program, and the people in it, to include us in this memorable event," said Renae Hartl, director of intercollegiate athletics at Luther.

    "Playing on the Field of Dreams is something our players probably never thought they would get the chance to do. As they run out onto that iconic field and feel their spikes dig into the dirt, this game will undoubtedly bring out emotions and bring them back to the reasons they play baseball, a sport that has created so many opportunities for all of us, and this once-in-a-lifetime opportunity is no different," said Bryan Nikkel, head baseball coach at Luther College."

    >> Go The Distance

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