Anonymous
09/15/2022 23:48
Subject: U of Richmond fast becoming elite
Anonymous wrote:Anonymous wrote:Anonymous wrote:Damn, how the hell did they get an endowment bigger than a lot of other more famous & larger universities?
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.
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.
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.
Anonymous
09/15/2022 23:26
Subject: U of Richmond fast becoming elite
Anonymous wrote:Elite? What is meant by elite?
Code for D-bag?
Anonymous
09/15/2022 20:36
Subject: U of Richmond fast becoming elite
Elite? What is meant by elite?
Anonymous
09/15/2022 20:35
Subject: U of Richmond fast becoming elite
Anonymous wrote:Anonymous wrote:Damn, how the hell did they get an endowment bigger than a lot of other more famous & larger universities?
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.
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.
Anonymous
09/15/2022 19:09
Subject: U of Richmond fast becoming elite
Anonymous wrote:There are certain schools that signify that the person who got the degree is really smart - schools like MIT, CalTech, Rice. If you see that degree, you don't have to dig into details - you can be pretty sure that student is really, really, bright. If you want to hang around those types of people, just look for that signifier.
There are certain schools that signify wealth. If you see that the person in front of you has a degree from that school, you can be nearly certain they are wealthy. Schools like Richmond, WashU, and Colorado College come to mind. If you want to hang around with rich people, look for that signifier.
I'm not sure if this is true these days or not. But for anyone 40+, it definitely wasn't true, at least not for everyone. When I enrolled in 1990, UR was routinely listed as among the best bargains in higher education. I think total cost of attendance that year was $13.5k. Some time in the early 2000s, the Board made a decision to change that, and it's now one of the more expensive schools in the country. But the low cost of attendance is one of the reasons I chose to go there over Lafayette, Lehigh, and other small but much more expensive schools. That said, there were a fair amount of BMWs in the student parking lot, next to my 7 year old Ford Escort.
Anonymous
09/15/2022 18:57
Subject: Re:U of Richmond fast becoming elite
Anonymous wrote:Unfortunately, Richmond has major league $$ right now and W&M doesn't. All W&M would need is a Bloomberg-like financial aid donation ($1.8 billion just for ugrad aid at Hopkins). W&M is a unique school but is caught in an awkward place as an underfunded national university.
Why is that unfortunate?
Anonymous
09/15/2022 18:51
Subject: U of Richmond fast becoming elite
Anonymous wrote:Damn, how the hell did they get an endowment bigger than a lot of other more famous & larger universities?
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.
Anonymous
09/15/2022 14:31
Subject: U of Richmond fast becoming elite
Anonymous wrote:Anonymous wrote:Anonymous wrote:The University of Richmond has an excellent reputation and is especially well regarded among people native to Virginia and North Carolina. What it lacks is the same level of national awareness enjoyed by some of the other schools listed above. I suspect most of the previous one-liners come from DMV transplants who don't know any better.
I've lived in VA for 30+ years. Richmond is at the bottom of that list. If you live in-state, it's hard to imagine why anyone would choose Richmond over multiple public options.
Agree. I've lived here since 1990 and I've never thought of Richmond as anywhere near Wesleyan, Haverford, Barnard, Colgate, Colby, or Bates in status. Wondering what Richmond has done in recent years to make itself better.
endowment at Richmond is $3.3 billion (by the way, Amherst is $3.77 billion and Williams is $4.2 billion)
by comparison
Wesleyan $1.2 billion
Haverford $642 million
Barnard $460 million
Colgate $1.28 billion
Colby $1.26 billion
Bates $466 million
so clearly, there is significant alumni support and fundraising has been successful. let me think of examples where folks donate to an institution/cause in which they don't support.....
why are these other "elite" schools so woefully lagging behind? should make you seriously wonder about their long term viability
Anonymous
09/15/2022 13:12
Subject: U of Richmond fast becoming elite
Damn, how the hell did they get an endowment bigger than a lot of other more famous & larger universities?
Anonymous
09/15/2022 12:52
Subject: Re:U of Richmond fast becoming elite
The lunacy of this thread is amazing.
Anonymous
09/15/2022 12:40
Subject: U of Richmond fast becoming elite
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:The University of Richmond has an excellent reputation and is especially well regarded among people native to Virginia and North Carolina. What it lacks is the same level of national awareness enjoyed by some of the other schools listed above. I suspect most of the previous one-liners come from DMV transplants who don't know any better.
I've lived in VA for 30+ years. Richmond is at the bottom of that list. If you live in-state, it's hard to imagine why anyone would choose Richmond over multiple public options.
I’ve lived in Virginia since the 1980s. It doesn’t make me any more of an expert on all things Virginia any more than it does you.
So have I. Yet the PP is correct - the in-state options in Virginia are fantastic and you would be a fool not to exhaust those before going private in Virginia
Richmond is more selective than all of them except UVA and W&M and far better than all of the others as well.
But it is $72,500+ a year.
For 2021 entering class, there were only 141 in first time students entering Richmond from Virginia. I think Richmond is cross-shopped against Virginia schools more by OOS students.
Anonymous
09/15/2022 12:36
Subject: U of Richmond fast becoming elite
Anonymous wrote:Anonymous wrote:LOL. It's a school for mediocre rich kids.
This.
+2
Anonymous
09/15/2022 12:34
Subject: U of Richmond fast becoming elite
Anonymous wrote:LOL. It's a school for mediocre rich kids.
This.
Anonymous
09/15/2022 11:54
Subject: Re:U of Richmond fast becoming elite
Anonymous wrote:Anonymous wrote:Richmond is the Kenyon of Virginia.
Except Richmond is higher ranked, larger, and in a small/mid size city.
Has Richmond shrunk to a "small" city?
Anonymous
09/15/2022 11:50
Subject: U of Richmond fast becoming elite
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:The University of Richmond has an excellent reputation and is especially well regarded among people native to Virginia and North Carolina. What it lacks is the same level of national awareness enjoyed by some of the other schools listed above. I suspect most of the previous one-liners come from DMV transplants who don't know any better.
I've lived in VA for 30+ years. Richmond is at the bottom of that list. If you live in-state, it's hard to imagine why anyone would choose Richmond over multiple public options.
I’ve lived in Virginia since the 1980s. It doesn’t make me any more of an expert on all things Virginia any more than it does you.
So have I. Yet the PP is correct - the in-state options in Virginia are fantastic and you would be a fool not to exhaust those before going private in Virginia
Richmond is more selective than all of them except UVA and W&M and far better than all of the others as well.
But it is $72,500+ a year.