I know my fair share of centi-millionaire mormons

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Dec 23, 2024
7:38:43pm

MyTwoCents Contributor

I know my fair share of centi-millionaire mormons

But not many of them are interested in contributing to a $100+ million NIL endowment.

Maybe I know the wrong ones. 🙂

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MyTwoCents

Bio page: MyTwoCents
Joined: Mar 27, 2020
Last login: Dec 24, 2024
Total posts: 618 (1 FO)

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Messages

Author

Time

A few thoughts on BYU and NIL with some insights from people who know things

macdizzle

Dec 23, 10:05am

That fund is likely an endowment that they use proceeds from to fund NIL.

Celeritas

Dec 23, 12:46pm

That's right. It's not like they have that each year obviously. BUT it appears

macdizzle

Dec 23, 12:51pm

How much of 100,000,000 million is "spendable" each year to keep the endowment

StantonMac

Dec 23, 1:20pm

BYU-managed endowment funds make up to 4.5% of the principal available per year.

Cosmos-beard-card

Dec 23, 2:20pm

Why spend any of the principle? Keep going. Blow it up to $1B and draw NIL funds

ninja math

2:27am

To clarify, the endowed gift pays up to 4.5% starting in year 3. So they’re

Cosmos-beard-card

11:01am

I want to believe this is true

MyTwoCents

Dec 23, 1:08pm

I know 2 of these guys that "people have never heard of" so just imagine how

Thrill

Dec 23, 4:48pm

I know my fair share of centi-millionaire mormons

MyTwoCents

Dec 23, 7:38pm

Maybe you could work on that for us?!

Cosmos-beard-card

Dec 23, 8:07pm

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