The Stanford Daily

News





Comments about "Congressional bill criticized"


<< Back to Congressional bill criticized

4 Comments on this article:

Report as: spam offensive Marvin L Foushee on 2/25/08 at 8am

I could only find a comparitive Stanford University financial statement online for the years 2004-2005, and doing a little math, I determined that Stanford only payed out 3.39 percent of it 2004 investment assets into operating revenues for the year 2005. Their investment class of assets increased in value for the years 2004-2005 by about 22 percent--about the same amount as 2007.

Somebody at Stanford is cooking the books for public consumption when they are telling the Stanford Daily and the public that their are paying out 5.0 percent of their endowment into operating revenues for the year 2007, if the years 2004-2005 is a quidebook.

I can see why the University fears the federal government looking over their shoulders at their books.

YOU PUBLIC ACCOUNTING SUCKS!







Report as: spam offensive Marvin L Foushee on 2/25/08 at 1pm

http://yearinreview.duke.edu/2004-2005/statement/financial_reports.pdf

This is what an audited financial statement from a non-profit university/organization looks like. In all honesty, Duke's endowment/investment payout is only about 1.6 percent.

Stanford's online unaudited financial statement for the 2004-2004 period seems to have disappeared from their news server. I must have struck a nerve with the Johnny Wadd Republicans from Israel in the current administration at Sanford.

How can you preach honor code to students when the honor code at the administrative level is the Richard Nixon, George W Bush pits?

It is time for a new regime change at Stanford! Out with the Republican bad air, in with the fresh and new air.

Free tuition for undergraduates and graduate students!



Report as: spam offensive Marvin L Foushee on 2/25/08 at 5pm

I found Stanford's unaudited 2006-2007 Consolidated Statements in the Bondholder/Investor section of their part of the Internet.

Their 2007 payout percentage from their 2006 Beginning Endowment Fund level of 14.085 billion is 4.324 percent, giving an investment income distribution of 608 million dollars toward operations. If you include investment income from shopping malls, movie theaters, golf courses, luxury hotels, luxury townhomes, luxury condos, ect., and this 100.58 million dollars of income is added to the endowment earnings release pool, the payout percentage does come to 5.038 percent. However, the total investment assets of Sanford University at the end of 2006 amounts to 19.26 billion (not the endowment 14.85 billion figure). If you consider the total investment asset figure, then this payout figure is 3.68 percent.

What is even more shocking is that there is an excess of revenues over expenses of 384.36 million dollars for the 2007 reporting period. This amount of interest money could have financed a 4.27 billion dollar freshman dorm for one year with a bond bearing a 9 percent coupon. Think China, think Hong Kong, think Switzerland, and the bond coupon goes down to 5 percent.

The target rate of endowment payout is projected at 5.5 percent for the 2007-2008 year. That amount is 944.07 million dollars, not the 700 million dollars listed in Stanford's Budget. Undergraduate tuition for the 2007 year was listed as 227.36 million. Don't say that you cannot have free undergraduate tuition and a Capital Plan as well.

The math says differently.

Report as: spam offensive Anonymous on 2/25/08 at 5pm

Stanford spends thousands of dollars a year on Washington lobbyists to push its own agenda. Sadly, the university is so greedy that it is refusing to spend even a fraction more of its $17 billion endowment. 17 billion dollars is more than the real GDP of more than 100 counties.
Shame on you, Stanford.




(Comments are meant to provide a constructive way for users to interact online. Please keep discussion civil, and refrain from using profanity, personal attacks, potentially libelous language, or hate speech. The Stanford Daily is not responsible for any content that appears in the comment section of its Web site. The Daily is not responsible for monitoring the board or removing comments that could be in violation of the policy. The editors of the non-profit newspaper support a free exchange of ideas, even if beliefs expressed are controversial, but The Stanford Daily Publishing Corporation claims all rights and sole discretion to delete or not delete any post for any reason at any time. If something is posted in the comment section of the Web site, the expressed view should not be understood as an endorsement by The Daily or any of its agents. All comments must comply with the “Terms and Conditions For Use” as set out in the “About us” section of the Web site, or they may be removed. By posting a comment, you attest that the material is not copyrighted and that you are fully relinquishing all rights of ownership to said content exclusively to The Daily while maintaining full responsibility for what you write.)