jag4life said:
Really? Why does the state need to bail FAMU out finacially, then?
Hhhhmmmmmm, hints of smack but I?ll give the benefit of the doubt.
FAMU?s president has never asked for a ?bail out?. She has said if she thought it was NEEDED she wouldn?t hesitate to add it to our legislative request but she feels the university can take care of itself without that.
The words ?bail out? surfaced from two legislators, a state senator who?s a FAMU alum and a house member who is a FSU alum, both black also. They did this on their own, never even consulting the president to see if this was something she thought the university needed. Of course the press ran with this, which completely caught the president/university off guard.
If the University was in such dire straights as its immediate future being in doubt, which it isn?t, endowment funds could be used for the purpose of keeping that from happening. But the university isn?t in that type of shape, so the endowment funds can not be touched for purposes not defined by the benefactor.
As with most university endowments FAMU?s is highly restricted. This means when a donor gives say $10 million, he/she specifies where the interest/earnings can be used (i.e., scholarships, capital improvements, faculty enhancement, etc.) Few people give their endowment contributions in unrestrictive capacities where the university could use the interest/earnings to do what it sees fit. I guess it?s because people don?t trust universities to spend it as they see fit. I believe upwards of 90% of FAMU?s endowment is restricted. Anyway, there are provisions where a university can spend the interest and/or principal of an endowment, even for a purpose not specified by the benefactor when the university is in extreme dire straights but FAMU, despite how bad the media has painted it of late, is very very far from there.
jag4life said:
This is an athletic conference...there is no such thing as an "academic" conference...so adding a school for academic "help" is moot.
Is that seriously your answer? If the main goal of the conferences affiliation is to succeed on the field of competition they why does the conference rank where it does in sport after sport ? at or near the absolute bottom? This is not smack at all.
I see nothing wrong with adding a school that may not have the strongest athletic reputation but has a dynamic academic resume. With time and resources its athletic fortune can change once in the conference. A school that comes to my mind that would be a great addition both academically and athletically is Tuskegee.
Because where the conference may be dropping a bit athletically with the addition (for the time being also), they could take a significant leap in its academic prestige as a conference.
I?d love to some day see one of the black conferences academic reputations is so good that a person can just mention the conference and not the particular school and people know he/she got an outstanding education. Like the way people can just say they went to an Ivy League, Big 10, Pac 10, or ACC school. The schools in those conferences are dynamic from top to bottom. I?m not saying we have to match them across the board, but I think one day we can have at least one of the black conferences get that same moniker when an alum can say he/she went to a MEAC, SWAC, CIAA, or SIAC School and people automatically know they got an outstanding education.