Million-Dollar Private School CEOs

Plus: Endowments On Rise; Hoops Championship Week; DIII Shows at USATF Meet; Swim, Wrestling Champs

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Steve Ulrich
February 19, 2024

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FEBRUARY 19, 2024 | written by STEVE ULRICH

The news that you need to know about non-scholarship college athletics and those that love it.
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TOP STORY
1. Million-Dollar Private School CEOs

Andrew Hamilton, New York U.

by Julia Piper and Nick Perez, Chronicle of Higher Education

“The average total compensation for all 312 presidents in The Chronicle’s analysis 2021 is $952,159, compared with the $907,625 average for 306 presidents in 2020. The 2021 fiscal year is the most recent year for which 990s are available.” Here are the top 10 highest-paid private school presidents.

DIII Universities

  1. Andrew Hamilton, NYU, $3,554,120

  2. Robert J. Zimmer, Chicago, $3,427,953

  3. Daniele Struppa, Chapman, $2,580,730

  4. Shirley Ann Jackson, RPI, $2,443,727

  5. Ronald J. Daniels, Johns Hopkins, $2,400,646

  6. Thomas F. Rosenblum, Caltech, $2,239,837

  7. Laurie Leshin, WPI, $1,982,083

  8. Gregory L. Fenves, Emory, $1,891,187

  9. Nariman Farvardin, Stevens, $1,603,898

  10. Farnam Jahanian, Carnegie Mellon, $1,546,636

DIII Baccalaureate Colleges

  1. David A. Greene, Colby, $1,441,037

  2. David Wippman, Hamilton, $1,131,869

  3. William C. Dudley, Washington and Lee, $1,048,471

  4. William Fox, St. Lawrence, $1,037,949

  5. Steven G. Poskanzer, Carleton, $988,897

  6. Michael S. Roth, Wesleyan (Conn.), $933,748

  7. Adam Weinberg, Denison, $916,638

  8. Carolyn Martin, Amherst, $832,487

  9. Harry J. Elam, Jr., Occidental, $828,329

  10. Valerie Smith, Swarthmore, $824,844

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FINANCES
2. Endowments On Rise For Smaller-Asset Institutions

“Data from the 2023 NACUBO-Commonfund Study of Endowments® (NCSE) show that the endowments of 688 participating U.S. colleges and universities and affiliated foundations returned 7.7 percent, net of fees, for FY23 (July 1, 2022, to June 30, 2023), a sharp reversal of the -8.0 percent return reported for FY22.

» Quotable. “From the point of view of college and university chief business officers, the results of this year’s endowment study are ideal—a sound rate of return demonstrating good fiscal stewardship leading to additional resources available to the students, faculty, and programs that are our core mission,” said NACUBO President and CEO Kara D. Freeman.

» Be Smart. “Endowments generally pursue long-term returns sufficient to fund their annual effective spending rate, keep pace with inflation, pay investment management costs and retain an increment for future endowment growth.” - George Suttles, Executive Director of the Commonfund Institute

Top 10: DIII Endowments

  1. MIT, $19,285,472

  2. Washington U., $11,467,279

  3. Johns Hopkins, $10,538,865

  4. Emory, $10,239,776

  5. Chicago, $9,869,725

  6. NYU, $5,877,433

  7. Carnegie Mellon, $3,888,140

  8. Caltech, $3,665,200

  9. Williams, $3,486,558

  10. Amherst, $3,341,667

market value in $1,000s

Top 10: DIII Liberal Arts

  1. Williams, $3,486,558

  2. Amherst, $3,341,667

  3. Wellesley, $2,888,870

  4. Pomona, $2,777,567

  5. Swarthmore, $2,720,329

  6. Grinnell, $2,505,851

  7. Smith, $2,470,416

  8. Bowdoin, $2,423,933

  9. Tufts, $2,405,498

  10. Washington and Lee, $1,973,892

Biggest Percentage Increase

  1. U. of New England, +108.5%

  2. Johns Hopkins, 27.8%

  3. Methodist, 24.8%

  4. Worcester State, 23.7%

  5. Regis, 23.1%

  6. Hollins, 18.7%

  7. Stevens, 18.4%

  8. Colby-Sawyer, 18.3%

  9. Chapman, 17.7%

  10. Husson, 16.3%

Biggest Percentage Decline

  1. Lasell, -20.4%

  2. Arcadia, -13.0%

  3. Mount Saint Mary, -12.7%

  4. Franciscan, -8.5%

  5. Washington U., -6.4%

  6. Elizabethtown, -6.3%

  7. Denison, -6.2%

  8. MIT, -5.2%

  9. Clark, -4.9%

  10. Illinois College, -4.9%

» Endowment Per Student. 1. MIT $2,004M, 2. Williams $1,637M, 3. Pomona $1.625M, 4. Swarthmore $1.625M, 5. Caltech $1,526M, 6. Bowdoin $1,268M, 7. Wellesley $1,093M, 8. Berea $1.063M, 9. Principia $1.034M, 10. Washington and Lee, $881M.

Coming this week, a look at endowments by conference.

BASKETBALL
3. Championship Week

It’s “Championship Week” for DIII men’s and women’s basketball with conference titles on the line.

Forty-two (42) men’s teams will receive automatic qualification (AQ) to the NCAA tournament via regular-season or tournament championships, while another 22 will be selected at-large.

On the women’s side, 42 teams will also receive AQs to the field, while another will be selected from Pool B which is composed of independent institutions and those conferences that do not meet the requirements for an AQ. An additional 21 teams will be selected at-large.

Track your favorite team’s progress through Championship Week with D3hoops.com and their tournament trackers. There you can find links to live stats, game broadcasts, box scores and recaps.

TRACK AND FIELD
4. White, Blaskowski Stand Out For DIII at USATF Meet

A pair of Division III athletes placed in their respective events at the 2024 USATF Indoor Championships in Albuquerque, N.M.

Carthage senior Joseph White placed eighth in the men’s weight throw with a heave of 20.66 meters. Daniel Haugh of the New York Athletic Club won the event with an American record toss of 26.35m.

UW-La Crosse senior Sam Blaskowski took 10th place in the preliminaries of the 60-meter dash with a time of 6.65. The top eight advanced to the final. His time ranks second in DIII history behind his own mark of 6.64.

STREAMING
5. What We’re Watching


⚾️ BSB: #7 Shenandoah (2-0) vs. #11 Misercordia (0-0), 1200
🏀 WBB - UEC Quarters: Saint Elizabeth (20-5) vs. Bryn Athyn (17-7), 500
🏀 MBB - ODAC 1st Round: Bridgewater (16-9) vs. Ferrum (15-10), 700
🏀 MBB - UEC Quarters: Lancaster Bible (16-9) vs. St. Mary’s (15-11), 700
🏀 MBB - Centennial tiebreaker: Dickinson (10-15) vs. Muhlenberg (8-17), 730
🏀 WBB - WIAC Quarters: UW-Stout (18-7) vs. UW-River Falls (14-11), 800

NEWS
6. Lightning Round

🗞 News. Our condolences to the family, friends and the entire MIT athletics community on the passing of Ken Johnson, Jr., the Director of Communications, Promotions and Marketing. May his memory be a blessing.

🗞 News. The president of Concordia University Wisconsin and Ann Arbor said the two campuses will make staffing cuts to remedy ongoing operational deficits, according to an email sent to employees.

🏊‍♀️ Swimming. Congratulations to these conference champions:

AEC: (m/w) Marymount; Allegheny Empire: (m) Hartwick (w) Penn State Behrend; HCAC: (m) Rose-Hulman (w) Franklin; LAND: (m) Catholic (w) Scranton; LEC: (m) Bridgewater State (w) Eastern Connecticut; MAC: (m) Stevens (w) Messiah; Metro: (m) Maine Maritime (w) Husson (top DIII finisher); MIAC: (m/w) Gustavus Adolphus; MWC: (m/w) Grinnell; NCAC: (m/w) Kenyon; NESCAC: (w) Williams; NJAC: (m) TCNJ (w) Mary Washington; OAC: (m/w) John Carroll; PAC: (m/w) Grove City; SCAC: (m/w) Trinity TX; UAA: (m/w) Emory; WIAC: (m/w) Eau Claire.

🤼‍♂️ Wrestling (M). Congratulations to these conference champions: ODAC: Averett; PAC: Saint Vincent; SLIAC: Ozarks; UAA: NYU; WIAC: Eau Claire, La Crosse.

🏀 Basketball (W). Tip of the hat to Alma for ending a 23-year, 50-game losing streak against Hope, toppling the Flying Dutch, 61-50.

🗞 Softball. Randolph-Macon junior Gracie Ellis twirled her seventh career no-hitter in the Jackets’ 5-0 win against Marymount, striking out 13.

TRANSACTIONS
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