Reply to McDonogh vs Bryn Mawr

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Am I the only one who doesn’t give a rat’s behind where old money or new money send their kids to school? It seems like there are far more substantive criteria by which to evaluate a school?[/quote]

Families with money = donations. I don't care if the money is old or new, but I do care about endowments. Philanthropy fuels the schools' ability to hire, build, and provide educational options. I definitely compared endowments before we chose a school for our kids.

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Gilman has by far the biggest endowment, next is Mcdonogh and then the rest of the pack.[/quote]

That's not the case anymore, they basically are same as of their most recent financials.  Mcdonogh also has a for profit real estate entity with 100s or acres of land for commercial development/ already developed space that has been leased.   It doesn't show as an asset until they distribute profits back to the school.  Not that either school is ever going to hurt for money.[/quote]

So you know google is a thing?  Most recent 990s show Gilman with an endowment of  $176 million and Mcdonogh with an endowment of $96 million.  So not only are they not “basically the same,”. Gilman’s endowment is nearly twice as large.[/quote]

Always amazes me how financially illiterate people are.  Gilman has nearly double the restricted assets (commonly referred to as endowment) of McDonogh; $178 Mill vs $90 Mill.  However the non-restricted assets are $44 Mill vs $131 Mill; Totals are $223 vs $222.  As a parent I prefer to see large amounts of unrestricted funds because they can be spent now as they want for the benefit of my kids; both of these schools have more than enough to do as they want.  [/quote]

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