4 ms·

According to Wikipedia, CMU currently has an endowment of $815m so rather huge donation. I was actually surprised by this. For some reason I thought CMU had one

by ahi 15y ago

According to Wikipedia, CMU currently has an endowment of $815m so rather huge donation. I was actually surprised by this. For some reason I thought CMU had one of those endowments where $250m gets a urinal named after you.

btucker 15y ago
Right. This was something I remember was discussed quite a bit while I was a student there. CMU has a small endowment compared to the more established private colleges it is increasingly competing against. Harvard: 27.4 billion Stanford: 13.9 billion MIT: 8.3 billion Etc.
cschmidt 15y ago
I'm a CMU alum, and I asked about that once when they were mentioning "space naming opportunities". Very roughly and unofficially speaking, $50,000 gets you a classroom, $1,000,000 gets you a floor or wing, and $20 million gets you a department. Apparently $265 million gets you a college.
- dmv 15y ago
  $55 million (Tepper) in 2003 was the previous price...
  - cschmidt 15y ago
    Well, you expect the b-school to cost more than other departments, don't you :-).
    - benmccann 15y ago
      The Tepper School of Business is a college at CMU just like the newly-named Marianna Brown Dietrich Humanities and Social Sciences college. The colleges contains departments such as English, Philosophy, etc.
      - cschmidt 15y ago
        Sorry, of course it is. I wasn't thinking straight.
- pilom 15y ago
  The Bill and Melinda Gates foundation donated $20-40 million and got a building.
- schmittz 15y ago
  For those interested, here's a list of the actual valued naming opportunities. Although, it doesn't include anything about naming spaces. (Scroll to the bottom) https://www.cmu.edu/campaign/about/endowment.html https://www.cmu.edu/campaign/about/endowment.html
flavoredpork 15y ago
CMU has an extraordinarily low endowment. They were not hit as bad during the economic collapse and resulting recession.
- ScotterC 15y ago
  They weren't hit as bad yes, but they suffer in many other ways from their small endowment. It's one reason why they have one of the highest tuition costs of any university.
  - deleted 15y ago
    [deleted]
- pilom 15y ago
  Mayber they "were not hit as bad" in absolute dollars but their endowment was over $1 billion in early 2008. 20% seems like a pretty darn big hit to me.

by ahi 15y ago

btucker 15y ago

Right. This was something I remember was discussed quite a bit while I was a student there. CMU has a small endowment compared to the more established private colleges it is increasingly competing against. Harvard: 27.4 billion Stanford: 13.9 billion MIT: 8.3 billion Etc.

cschmidt 15y ago

I'm a CMU alum, and I asked about that once when they were mentioning "space naming opportunities". Very roughly and unofficially speaking, $50,000 gets you a classroom, $1,000,000 gets you a floor or wing, and $20 million gets you a department. Apparently $265 million gets you a college.

dmv 15y ago
$55 million (Tepper) in 2003 was the previous price...
- cschmidt 15y ago
  Well, you expect the b-school to cost more than other departments, don't you :-).
  - benmccann 15y ago
    The Tepper School of Business is a college at CMU just like the newly-named Marianna Brown Dietrich Humanities and Social Sciences college. The colleges contains departments such as English, Philosophy, etc.
    - cschmidt 15y ago
      Sorry, of course it is. I wasn't thinking straight.
pilom 15y ago
The Bill and Melinda Gates foundation donated $20-40 million and got a building.
schmittz 15y ago
For those interested, here's a list of the actual valued naming opportunities. Although, it doesn't include anything about naming spaces. (Scroll to the bottom) https://www.cmu.edu/campaign/about/endowment.html https://www.cmu.edu/campaign/about/endowment.html

flavoredpork 15y ago

CMU has an extraordinarily low endowment. They were not hit as bad during the economic collapse and resulting recession.

ScotterC 15y ago
They weren't hit as bad yes, but they suffer in many other ways from their small endowment. It's one reason why they have one of the highest tuition costs of any university.
- deleted 15y ago
  [deleted]
pilom 15y ago
Mayber they "were not hit as bad" in absolute dollars but their endowment was over $1 billion in early 2008. 20% seems like a pretty darn big hit to me.