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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There is no way the Commonwealth would let these schools go private, nothing to gain.  I am surprised at the 6% funding number.  I would have guessed it was in the 20% range.[/quote]

It's now less than 6% from the Commonwealth.  From wiki

"As of 2013, UVA's $1.4 billion academic budget is paid for primarily by tuition and fees (32%), research grants (23%), endowment and gifts (19%), and sales and services (12%).[100] The university receives 10% of its academic funds through state appropriation from the Commonwealth of Virginia.[100] For the overall (including non-academic) university budget of $2.6 billion, 45% comes from medical patient revenue.[100] The Commonwealth contributes less than 6%.[100]
Although UVA is the flagship university of Virginia, state funding has decreased for several consecutive decades.[51] Financial support from the state dropped by half from 12 percent of total revenue in 2001–02 to six percent in 2013–14.[51] The portion of academic revenue coming from the state fell by even more in the same period, from 22 percent to just nine percent.[51] This nominal support from the state, contributing just $154 million of UVA's $2.6 billion budget in 2012–13, has led President Sullivan and others to contemplate the partial privatization of the University of Virginia.[101] UVA's Darden School and Law School are already self-sufficient."[/quote]

Looking at their endowment, i[b]t makes sense for UVA to receive less.[/b]  Give it to the other schools.  I looked up W&M, and the commonwealth funds about 11% of their budget.  It is interesting that Darden and the Law school are basically private institutions.[/quote]

UVA built that endowment AFTER it asked to be spun off.  Then the Commonwealth saw it and wanted it back. Nay nay, UVA said![/quote]

None of that is correct.  UVA has never asked to be spun off.  UVA, along with other public universities in Virginia, gained greater autonomy from state processes like procurement through a Restructuring Act, but that was never about privatizing.  UVA had a substantial endowment for a public university before the passing of the Restructuring Act.  The Commonwealth doesn't want UVA back because UVA never left.  If UVA were to go private, it would need to purchase all of its land and buildings from the state.  That would probably be about $5B to fund.  [/quote]

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