Over the past 5 years Southern Oregon University has earned 10.9% on its endowment, after fees. UO has earned 7.8%. What’s SOU’s secret? While UO has been paying out the butt for Foundation CEO Paul Weinhold and his investment expert Jay Namyet, SOU just left it up to the Oregon Treasurer, who apparently put 60% in the SP500 and the rest in bonds, as one would do.
Back of the envelope, Weinhold and Namyet have cost UO and our donors about $150M over the past 5 years – while pocketing about $5M for themselves, according to the IRS 990’s.
Namyet is finally retiring – it’ll be a year or so before Weinhold has to make his buyout cost public on the next IRS 990 – and is being replaced by an even more expensive looking option, as announced by UO’s PR flacks on Around the 0:
More on the UO Foundation’s troubles here.