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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Damn, how the hell did they get an endowment bigger than a lot of other more famous & larger universities?[/quote]

A lot of it flows from a gift of $50M from E. Claiborne Robins in 1969, which was the largest gift at the time in the history of higher education.  He also gave the money for the basketball arena.  If you invested that much money in the stock market and reinvested returns, it would be worth $9.2B.  They have been taking out probably about 5% a year, which is why the endowment isn't nearly that large.  But a lot of the current endowment probably comes from that gift from over 50 years ago.

Duke University was a similar situation (it was renamed based on the gift) about 40 years before the Robins gift.  The Robins gift didn't have the same level of impact.[/quote]

Yup, and they got a lot of money from the Dalcon Shield settlement. A friend of mine who went there on a Robins scholarship called it the Dalcon Shield scholarship.

The Dalcon shield was an iud that was highly defective and there was a huge class action lawsuit.[/quote]

Not sure I understand how it benefited Richmond.  The Dalcon Shield settlement put A. H. Robins into bankruptcy in 1985.  The gift to Richmond was from well before the A. H. Robins bankruptcy.[/quote]

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