November 28, 200717 yr UC sets $800M fundraising target After years of new buildings, focus moves to research BY CLIFF PEALE | November 28, 2007 Big money is the rule at the University of Cincinnati these days. The region's biggest university set an $800 million goal Tuesday for a new capital campaign to run through 2013. The campaign already has about $275 million in cash and pledges. UC's last campaign, completed in 2000, raised $329 million, and the university endowment is almost $1.2 billion. At the same time, UC reached an all-time high last year with $333.5 million in research funding for studies seeking treatments for maladies from obesity and strokes to breast cancer. Jeff Williams, a UC graduate and New York investment banker who is chairman of the UC Foundation, said priorities include scholarships and endowed-professor positions, divided roughly equally between the traditional campus in Corryville and the Academic Health Center facilities on the east campus. Read full article here: http://news.enquirer.com/apps/pbcs.dll/article?AID=/20071128/NEWS0102/711280374/1058/NEWS01
November 28, 200717 yr Another growth area will be research money from private corporations. That funding totaled $8.7 million, including $396,786 from Procter & Gamble Co., $424,034 from GE Aviation and $401,512 from J.C. Penney Inc. Simply stunning that P&G didn't give more to UC than JC Penney. GE I can understand. As a UC alumnus and a P&G employee, I am embarrassed.
November 28, 200717 yr The Pres of Pennys has some connection or other to DAAP. They gave a ton to DAAP a couple months ago.
November 29, 200717 yr I was just sent some comparative data on the freshman classes at Ohio's public universities. I'm sure the regulars on this thread will be pleased to know that UC has passed Ohio U. by for the percentage of incoming freshman who scored a 30+ on the ACT (8.95% to 7%) and the number is closing in on Miami of Ohio (15%). :clap: Good luck on the fundraising campaign. I think 800 million is a very attainable goal for UC. As far as the UC-Miami of Ohio rivalry goes, their campaign has fallen flat on its face. It was supposed to wrap up this year with a 350 million dollar goal (after starting in 2000!) but has yet to pass 300 million. They've extended the campaign for two more years and tried to disguise the failure by raising the goal to 500 million, but I can hardly see how, given past performance, they'll manage to pull in a 100MM a year for two consecutive years--particularly since most of the low hanging fruit should already be picked seven years into a campaign. :drunk:
November 30, 200717 yr I was just sent some comparative data on the freshman classes at Ohio's public universities. I'm sure the regulars on this thread will be pleased to know that UC has passed Ohio U. by for the percentage of incoming freshman who scored a 30+ on the ACT (8.95% to 7%) and the number is closing in on Miami of Ohio (15%). :clap: Good luck on the fundraising campaign. I think 800 million is a very attainable goal for UC. As far as the UC-Miami of Ohio rivalry goes, their campaign has fallen flat on its face. It was supposed to wrap up this year with a 350 million dollar goal (after starting in 2000!) but has yet to pass 300 million. They've extended the campaign for two more years and tried to disguise the failure by raising the goal to 500 million, but I can hardly see how, given past performance, they'll manage to pull in a 100MM a year for two consecutive years--particularly since most of the low hanging fruit should already be picked seven years into a campaign. :drunk: This is all great news for UC but how exactly is 8.95% "closing in" on Miami's 15%? Seems like a bit of a stretch...
November 30, 200717 yr I love how a campaign that raised $290 M can be seen as "falling flat on its face." :lol: I guess that seems logical to someone with an ACT score <30. ;)
November 30, 200717 yr ^In all fairness to Sam, they had a goal to raise $350M over 7 years! I don't think that $50M a year is that hard to do...but maybe fundraising at MU has never been strong. UC just received a $400M+ donation, and has been racking up big ones for the past year or so now. Not to mention, this $800M drive hasn't even started yet and they have close $300M in cash and pledges already...roughly the same amount it took MU 7 years to raise.
November 30, 200717 yr Again, I love how $41 million a year average is looked at as weak. Whatever. Look at the financial turmoil UC has been in over the last few years... Oh just nevermind. Go back to your mismatched, starchitect, crime-ridden, low ATC scoring campus and get a rivalry with a comparable school. We're doing just fine with OU.
November 30, 200717 yr Again, I love how $41 million a year average is looked at as weak. Whatever. He said it was "falling on its face"...when you fail to meet already low expectations I don't think that comment is too far off. Look at the financial turmoil UC has been in over the last few years... Yup...thanks Taft, and UC's budget should be all square within 3 years. I don't think that's too bad considering we have completely rebuilt our campus, improved our academic standing, and drastically improved our athletics across the board. Oh just nevermind. Go back to your mismatched, starchitect, crime-ridden, low ATC scoring campus and get a rivalry with a comparable school. We're doing just fine with OU. Wow, just wow.
November 30, 200717 yr Ah ha! Correction: Sam was wrong about the 2000 date. Miami started the "For Love and Honor" Campaign in 2005 (kickoff was in April), it didn't take MU seven years to reach $290 M, it took less than three.
November 30, 200717 yr ^So I guess we can say that MU is "closing in" on UC in terms of fundraising. :-D
November 30, 200717 yr This is all great news for UC but how exactly is 8.95% "closing in" on Miami's 15%? Seems like a bit of a stretch... Admissions selectivity is trending upwards at UC and, by varying accounts, is either stagnant or declining at Miami.
November 30, 200717 yr Ah ha! Correction: Sam was wrong about the 2000 date. Miami started the "For Love and Honor" Campaign in 2005 (kickoff was in April), it didn't take MU seven years to reach $290 M, it took less than three. The official kickoff may have been in April 2005, but these campaigns always have a "soft period" leading up to that kickoff. Note how UC has already raised 275 million towards their goal prior to the kickoff. It has taken Miami all seven years to raise that 290 million. 2006 was their best fundraising year ever and raised 51 million. 2005 was their second best year ever and raised 28 million. By Miami of Ohio's own account, they've only raised 79 million in all of 05 and 06. http://www.forloveandhonor.org/cgi-any/newspages.dll/pages?bid=&nfid=&record=86&htmlfile=newspages3_Campaign.htm I consider any fundraising campaign that falls almost 20% short of its goal to have fallen flat on its face.
November 30, 200717 yr ^In all fairness to Sam, they had a goal to raise $350M over 7 years! I don't think that $50M a year is that hard to do...but maybe fundraising at MU has never been strong. UC just received a $400M+ donation, and has been racking up big ones for the past year or so now. Not to mention, this $800M drive hasn't even started yet and they have close $300M in cash and pledges already...roughly the same amount it took MU 7 years to raise. I will add that the 400 million dollar donation to UC is not considered an endowed donation in the common use of the word. It was a gift of software and equipment, and I'm not sure over how many years it will be given. It most definitely was not a cash donation that funds something in perpetuity--like scholarships, research funds or professorships. That being said, it was still a very nice snag on UC's part.
November 30, 200717 yr I guess that seems logical to someone with an ACT score <30. ;) Actually the 30+ ACT number for my school is 27%. ;)
November 30, 200717 yr Well, if you don't go to UC, lets not be provoking the rivarly they think they have with MU.
November 30, 200717 yr ^So I guess we can say that MU is "closing in" on UC in terms of fundraising. :-D Don't get too full of yourselves too quick, UC. Just to put things in perspective, my alma mater is about to kick off a 2.5 billion dollar university wide campaign that is in addition to a current half billion dollar medical center campaign. :wave: But good luck and congrats on all the progress so far! :clap:
November 30, 200717 yr Oh just nevermind. Go back to your mismatched, starchitect, crime-ridden, low ATC scoring campus and get a rivalry with a comparable school. We're doing just fine with OU. How inappropriate and rude. Instead of making a coherent and logical argument about numbers you make attacks and open yourself up to a whole range of comebacks. Now, back to your white bread, no diversity, no culture, country town school :roll: see...
November 30, 200717 yr To UC in general, but not UncleRando. I wrote ATC. :lol: Ah! ooohhh, i figured you did that on purpose, insinuating the low scores of UC. But anyway, ink, seriously, your comment pointed out by edale is ridiculous at best. we all know uc is a fine school and crime really isnt much of an issue. and please, UC"s architecture is wonderful, and so is Miami's, in a different way. But regardless, OSU kicks Miami's ass in just about everything, so suck on it. ANd it isnt long before UC is kicking MIami's ass as well. Miami can only be so great in a city like Oxford :)
November 30, 200717 yr Of course it is ridiculous, but that's rivalry. Miami can only be so great in a city like Oxford :) Exactly. Honestly, I'm not the biggest fan of Miami, largely for the things that edale mentioned. If it were easy for me to walk away, I probably would. But, I'm not going to stand by and let UncleRando get all hot and bothered because some guy named Sam thinks that Miami and UC need to be compared in fundraising and that raising $290 M (despite whatever goal) is something to describe in such a manner.
November 30, 200717 yr Exactly. Honestly, I'm not the biggest fan of Miami, largely for the things that edale mentioned. If it were easy for me to walk away, I probably would. But, I'm not going to stand by and let UncleRando get all hot and bothered because some guy named Sam thinks that Miami and UC need to be compared in fundraising and that raising $290 M (despite whatever goal) is something to describe in such a manner. Sorry, ink. Miami of Ohio was allowed to have its brief moment of glory in the 1960s and 1970s only because your former president Millett as the first chair of the board of regents protected Miami and allowed it to backdoor into selective admissions through not building enough dorm space for the baby boomers while he and Governor Rhodes were at the same time forcing an open admissions policy on the state's only Association of American Universities member school. This brief moment in the sun culminated in the Public Ivy book that only Miami still talks about a quarter century later, but the writing for Miami's subsequent demise was already on the wall. Rhodes and Millett were gone, and Ohio State quickly went to work reestablishing the university hierarchy that had existed prior to 1962. The rest is history as they say.
November 30, 200717 yr But, I'm not going to stand by and let UncleRando get all hot and bothered because some guy named Sam thinks that Miami and UC need to be compared in fundraising and that raising $290 M (despite whatever goal) is something to describe in such a manner. Oh come on...you should know that I don't need anyone's assistance to get all "hot and bothered" about Cincinnati and/or UC.
November 30, 200717 yr Yeah well Miami's loss was OU's gain, it was the excess dorm space (apparently several dorms were entirely empty for years after construction) that attracted hippies in droves and laid the groundwork for OU becoming the premier party school it is today.
November 30, 200717 yr I love how a campaign that raised $290 M can be seen as "falling flat on its face." :lol: C'mon, when a university that has such an oversized, puffed-up view of itself can only manage a fundraising campaign less than half that of the school that it looks down upon (UC) and then falls far short of that goal, I think that's perfectly good fodder for criticism. To listen to the Miami of Ohio community (alumni and administration) talk, one would think that they'd be raising funds on a par with Michigan or Northwestern...or dare I say it, Ohio State. I've always found the gaping chasm between how Miamians view their university and how the rest of the world views it to be rather unique in higher education.
November 30, 200717 yr But, I'm not going to stand by and let UncleRando get all hot and bothered because some guy named Sam thinks that Miami and UC need to be compared in fundraising and that raising $290 M (despite whatever goal) is something to describe in such a manner. Oh come on...you should know that I don't need anyone's assistance to get all "hot and bothered" about Cincinnati and/or UC. and all hot in the pants... :wink:
November 30, 200717 yr William and Mary in Virginia is a lot like Miami for good or ill. I agree but do see W&M's reputation as quite a bit higher than Miami's. UC-Santa Cruz is another similar institution. Miami has always had this Svengali-like ability to convince Ohioans that it is really much better and of a higher national stature than it actually is viewed outside the state. Having the state's flagship forcibly dumbed down on the undergraduate level in the sixties and seventies certainly helped in this perception. Personally, I'm not sure what role Miami of Ohio will play in the future of Ohio higher education. They're not a serious research/graduate university, but on the other hand, they're nowhere close to being the "selective public liberal arts college" that they profess to be. They won't accept a role as a lesser selective undergrad college a'la Bowling Green or Kent State but can no longer compete with Ohio State for the top Ohio high school graduates. Quite frankly, they really seem to have boxed themselves into a very diminished role. With nearby UC's apparent emergence as the state's secondary comprehensive, research university, and now tightening up its undergraduate admissions profile, I don't foresee happy days ahead for the popped collar crowd in Oxford.
November 30, 200717 yr I must say I think you are overplaying Miami's negatives. I actually think the faculty on the whole are as strong at Miami as at W&M and the physical plant is in much better shape. There is plenty of space in Ohio for an undergrad oriented liberal arts school with a strengths in pre-law and business. There are plenty of folks who can't stand the culture at OSU or UC which is self-consciously and proudly BIG who are smart. Suburban kids need someplace to go. *snark*
November 30, 200717 yr Miami is a great school with good academics, a nice college town, and an atmosphere that is completely different than OSU or UC. Plus, Miami does a much better job attracting out of state people than certainly UC and probably OSU too. Can we stop hating on both UC and Miami?
November 30, 200717 yr Miami is a great school with good academics, a nice college town, and an atmosphere that is completely different than OSU or UC. Plus, Miami does a much better job attracting out of state people than certainly UC and probably OSU too. Can we stop hating on both UC and Miami? no, definitely not. osu is HUGE in attracting foreign students.
December 1, 200717 yr Miami is a great school with good academics, a nice college town, and an atmosphere that is completely different than OSU or UC. Plus, Miami does a much better job attracting out of state people than certainly UC and probably OSU too. Can we stop hating on both UC and Miami? no, definitely not. osu is HUGE in attracting foreign students. I will add that Miami has a huge percentage (over a third) of out-of-state undergraduates. How much of this was planned and how much was a simply a reaction and reallocation of recruiting resources as they fell behind Ohio State for top Ohioans, I don't know. BTW, I don't consider it "hating" to discuss any Ohio university objectively (strengths, weaknesses and challenges) in a way that strays from the sunny, admissions brochure talking points.
December 1, 200717 yr Well, when you're basically claiming that Miami will become obsolete and that it's not as good a university it professes to be, that is far from objective. Miami is a great school with good academics, a nice college town, and an atmosphere that is completely different than OSU or UC. Plus, Miami does a much better job attracting out of state people than certainly UC and probably OSU too. Can we stop hating on both UC and Miami? no, definitely not. osu is HUGE in attracting foreign students. I said out of state, not foriegn. p.s. Sam, what school do you go to?
December 1, 200717 yr Sam usually argues that OSU's s--t don't stink. I wouldn't go that far. In fact, I've discussed the shortcomings and damaged reputation that Ohio State faced in the 60s-70s many times. It's just that some, out of blind loyalty to their chosen institution, would choose to ignore certain facts about Ohio State including the historical reasons behind its founding, its legally designated flagship status prior to the Rhodes administration, the considerable quality gap between it and the other Ohio public universities today, and the flagship role it's logically and historically positioned to play in the current restructuring of Ohio higher education. To answer an earlier question, I have degrees from Ohio State and Chicago.
December 2, 200717 yr Well, when you're basically claiming that Miami will become obsolete and that it's not as good a university it professes to be, that is far from objective. no, definitely not. osu is HUGE in attracting foreign students. I said out of state, not foriegn. Wouldn't you consider foreign students to be out of state?
December 2, 200717 yr Well, when you're basically claiming that Miami will become obsolete and that it's not as good a university it professes to be, that is far from objective. no, definitely not. osu is HUGE in attracting foreign students. I said out of state, not foriegn. Wouldn't you consider foreign students to be out of state? In college guides, they do break downs by % in state, % out of state, and foriegn.
December 2, 200717 yr I might add that, if we're comparing the ability of various state universities to stem Ohio's brain-drain, attracting Ph.D students from around the world is certainly doing a greater service to the taxpayers of Ohio than attracting upper middle-class, white undergrads from the Chicago suburbs who come only because they were rejected by U of I or Wisconsin and who most likely move right back to Chicago after graduation.
December 2, 200717 yr I wouldn't say that's true. Many students from out of state go to a college, fall in love with the area and then want to stay, whereas this just isn't an option for foriegn students here on a visa.
February 12, 200817 yr University of Cincinnati board asked to bolster balance sheet February 12, 2008 | CINCINNATI BUSINESS COURIER University of Cincinnati trustees will be asked in a special meeting Wednesday morning to approve a pair of resolutions aimed at bolstering the university's cash reserves. The first resolution involves the establishment of a liquidity reserve fund for an estimated $53 million in cash to be freed up by debt restructuring. A report accompanying the resolution indicates UC will refund a portion of its bond debt in March, freeing up to $26.7 million in cash that would have gone to principal payments in June. Another $26.7 million is to be freed up by "some form of restructuring" that will take place before June 2009, the report indicates. "The liquidity reserve will be used to retire the restructured principal as it matures," said the report on the debt-restructuring, prepared by UC Finance Vice President James Plummer. "Interest earned on the liquidity reserve will be used to offset interest expense on the new bonds." Read full article here: http://cincinnati.bizjournals.com/cincinnati/stories/2008/02/11/daily24.html
February 22, 200817 yr University of Cincinnati lobbies for big chunk of new funds BY LAURA BAVERMAN | February 22, 2008 The University of Cincinnati has submitted $192 million in grant proposals to Gov. Ted Strickland's Ohio Innovation Partnership, funds that would help it hire world-renowned researchers and attract students in science-related fields. Strickland launched the effort last fall to promote innovation and research in fields of study that mirror the state's economic and industrial strengths, such as advanced manufacturing, aeronautics, biotechnology and information technology. More emphasis on those fields at the university level, Strickland argues, would help the state's commercialization and job-creation efforts. Read full article here: http://cincinnati.bizjournals.com/cincinnati/stories/2008/02/25/story3.html
March 5, 200817 yr UC spending $10M to update residence halls THE ENQUIRER The University of Cincinnati will close its Morgens and Scioto residence halls this summer for a $10 million renovation that will last until 2010. The buildings hold 594 people, about two-thirds of them graduate students. They were notified last week that they must move out by Aug. 31. The project will increase the number of total beds by 900, UC said. http://news.enquirer.com/apps/pbcs.dll/article?AID=/20080305/NEWS0102/803050389/1058/NEWS01
March 5, 200817 yr I wonder if these will also take the route of Sawyer Hall...and begin as a renovation and eventually just get torn down instead.
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