Coronavirus Impact

Citizen X

Active member
Dec 29, 2019
105
135
Team
St. Bonaventure
As of yesterday (3/28) there are still zero reported cases of the virus in Cattaraugus County. Wish I were there. Stay healthy and keep the faith in our Bonnies!
 

Bona84

Member
Dec 29, 2019
45
45
Team
St. Bonaventure
I restocked yesterday in time for virtual happy hour. Ordered online. They offered delivery, but I had to get out of the house so I chose the curbside pickup.
 

Bonafanatic

Active member
Dec 29, 2019
108
154
Team
St. Bonaventure
Bonaventure is going to be hit especially hard. It has a ridiculously small endowment of only $75 million. For comparison, Davidson has $821 million. Most private schools have over a billion.

The lack of liquid cash has been a problem for decades — exacerbated after the scandal— and never really replenished during the past decade of economic prosperity. Not pointing any fingers. I think the current administration has done a good job. But Bonaventure is in a particularly precarious position.

A lack of wealthy alums to draw from is at the core of the problem. A look at their "notable" alums is filled largely with journalists -- and while they may have success they don't have the kind of wealth you can really draw from.

Ed Bastian, Delta CEO, is perhaps the school's wealthiest alum but word on the street is that he doesn't donate a dime -- same with Neal Cavuto of Fox News....
 

res

Well-known member
Dec 29, 2019
139
325
Team
St. Bonaventure
You're spot on with respect to Bona, bf, but you've off with respect to others. Only about 65 of the roughly 1,600 4-year, not for profit private colleges have a $1 billion + endowment. And some of those that do aren't in much better shape than Bona when you look at things on a per-student basis.
 

Bonafanatic

Active member
Dec 29, 2019
108
154
Team
St. Bonaventure
Yeah, after looking around some more , there are about 100 schools with over 1 billion, but I guess that's not typical. However, looking around, Bona's endowment is still pathetic. Even of the local area private schools (Niagara, Alfred and Canisius), Bonas has the lowest endowment by about 20 million. Among the A10... Bonas is WAY at the bottom. LaSalle is the only other school in the conference with less than 100 million. Meanwhile both Richmond schools have more than 2 billion!
 

Citizen X

Active member
Dec 29, 2019
105
135
Team
St. Bonaventure
I have the impression that Bona's endowment has been prudently invested and earned appropriate returns. However, due to the enrollment problems that rainy day fund was needed to smooth things out for deficits in the operating budget. However, I don't have direct knowledge of this and haven't examined the financial statements, so what the fuck do I know? Not much, just a hunch.
 

Bonafide

Member
Dec 30, 2019
54
97
Team
St. Bonaventure
SBU has been on the edge since the early 1990s. Poor management up until the current Prez and Board is to blame. Obviously Wick nearly buried the place. Southern Tier is also losing population in droves. Let's hope that SBU will survive. Shame. SBU was on a pretty good come back until Covid 19.

Pissah!

Aloha!
 
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