I have never been a fan of big showy endowments, unless they are there to help students by lowering tuition and enhancing the present and future learning experience. However, what these big showy endowments do accomplish is to set the stage for an academic arms race among various schools who need to make a statement. The statement is sent either because they want to show that they are a public school in a different league like Ohio State and our beloved alma attempt to do. Yet if you are a smaller school like Oberlin (around 3,000 undergrad) and especially Dennison (a mere 2,000 undergrad) you seemingly want to blow everyone out of the water with your 800,000,000+ endowment.
Think about that, Dennison is the size of some large high schools and it has amassed an endowment of 800,000,000+. Outside of Ohio State and Cincinnati we have the largest endowment for a state school, and we are one of the oldest public universities in this nation; yet tiny Dennison has 300,000,000 more in their endowment than do we. It sends a message to prospective students.
There have been some thought provoking posts from Uncle Wes, OUPride, Alan Swank, Del Bobcat, Ohio Cat Fan, the Optimist, Robert Fox, C Money and many others concerning the competition our beloved alma mater is up against and some of the mistakes made along the way. I think it will be interesting to see how we fair in a few years considering the demographics of fewer teenagers and the rise of community colleges. What will become of the growing influence of the branch campuses (whose decline and perhaps crash is closer than we think.)
What about some state schools like Akron, Wright State and even Bowling Green that have seen their college rankings fall if not plummet. Wright State got themselves in a pickle because they had depended upon several hundred Saudi students coming each and every year. When the Saudi government moved that scholarship to another American university, Wright State took a financial hit, not to mention a hit to their reputation. What lies next for us and our competition?
Last Edited: 8/8/2017 9:30:41 PM by cbus cat fan