Major revenue streams are up. Google ads:
Coffee cups: cafepress.com/universityofnike:
Expenses continue to climb however, and our liquid assets are well below the 5-15% reserve level that OUS has tried to hold Jamie Moffitt to.
Major revenue streams are up. Google ads:
Coffee cups: cafepress.com/universityofnike:
Expenses continue to climb however, and our liquid assets are well below the 5-15% reserve level that OUS has tried to hold Jamie Moffitt to.
speaking of Nike U — a friend recently visited the University of Oklahoma Museum of Art — was quite impressed — but shocked by this, posted at the admissions booth and on their website — I guess those Okies just don’t have as much class as our Nike U — would our art museum ever think of taking money away from our Ducks?
http://www.ou.edu/content/fjjma/visit.html
Hours & Admissions
Fred Jones Jr. Museum of Art
555 Elm Avenue
Norman, OK 73019-3003
Admission
Admission is always FREE, thanks to the
generous support of the OU Office of the
President and the OU Athletics Department!
Interesting – I wonder what that costs them? In 2009 the Ducks gave the UO libraries $100K. They cut it to $50K in 2010 and 2011. That’s from the IAC minutes for 2009 and 2011 – back when the IAC actually kept minutes:
http://pages.uoregon.edu/icac/dirIAC/IAC04Mar09.pdf
http://committees.uoregon.edu/sites/committees.uoregon.edu/files/IAC%20Minutes%20(final)%20-%20October%2025,%202011.pdf
I think it’s $0 now.
The link following the quote below — which I found on the webpage I already posted — says it’s $60K to the art museum — just a small part of $14 million over 10 years from the Oklahoma athletic department to academics — this is the famous school where the football coach said that he wanted to have a university that the team could be proud of — you can see why there are so many letters in the Register Guard making fun of Okies!
Free admission is now available to the general public when visiting the Fred Jones Jr. Museum of Art on the University of Oklahoma’s Norman campus. A $60,000 gift from the OU Athletics Department budget will make this possible. The museum will be contacting members of the Fred Jones Jr. Museum of Art Association to help implement this change.
“In a time when funding for higher education is sharply dropping, this kind of cooperation has a truly extraordinary impact on the resources and opportunities available to our students and the public,” said OU President David L. Boren. “The success of our athletics programs not only has a positive impact on intercollegiate competition, but it also helps support the academic mission of our University .”
Over the past 10 years, OU’s Athletics Department has allocated over $14 million to the University’s academic budget. As one of only six self-sustaining athletics departments in the nation, the allocation of these funds has been vital to the continued success of the University. These funds are not appropriated from the state, but rather are generated by the operations of the OU Athletics Department.
“We are excited to have the opportunity and ability to supplement the University budget to provide free admission to the Fred Jones Jr. Museum of Art,” said OU Athletics Director Joe Castiglione. “We are fortunate to have this type of cooperation at such an outstanding university.”
http://www.ou.edu/content/fjjma/experience/media/pressReleases/2012/FreeAdmission.html
I would very much appreciate having the ability to keep the academic side’s resources on the academic side and cut the athletic department loose. That is, stop the subsidies.
While I would likewise appreciate seeing some money come back to the academic side, as per the agreement from a decade ago, are we not worried that the current occupants would use a kick back to the academic side to justify even more excess? (Think about what they already get away with now, when they are spending our money. And, if that changed?)