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TU President Speculation

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dlsnid

All-Conference
Mar 13, 2004
2,414
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I can’t read unless I pay for Tulsa world what are they are they saying
 
C

'Cane-man

All-Conference
Mar 10, 2002
4,633
3,014
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Randy Krehbiel speculating that some big money donors are touting Kevin Hern for TU's new president. I think it must be a slow news day. It won't happen.

Stitt? Hell to the no. He's an OSU grad and I don't think he has more than a BS. The idea of him being TU president is total BS.
 
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TU_BLA

TU_BLA

Heisman
Mar 8, 2012
29,574
13,858
113
I can tell you the smoke behind Hern is Mike Case and bail out. If TU hires Hern I will not step on campus or donate a single dollar as long as he is there. I’m one person but I know there’s probably 10k more that feel the same.
 
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Gmoney4WW

Heisman
Jul 4, 2007
42,389
15,393
113
TU_BLA said:
I can tell you the smoke behind Hern is Mike Case and bail out. If TU hires Hern I will not step on campus or donate a single dollar as long as he is there. I’m one person but I know there’s probably 10k more that feel the same.
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What's this discussion of bailout related to?
 
D

drboobay

All-American
Dec 4, 2003
14,575
9,416
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TU_BLA said:
I can tell you the smoke behind Hern is Mike Case and bail out. If TU hires Hern I will not step on campus or donate a single dollar as long as he is there. I’m one person but I know there’s probably 10k more that feel the same.
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Case! I should have thought of that. Plausible.
 
TU 1978

TU 1978

All-American
Jan 30, 2009
13,604
6,334
113
Case should know better, if there is any validity to the story. Krehbiel’s reporting isn’t usually sloppy like Scoop’s.

I’m sure our temporary AD President isn’t helping matters. We need a search firm for this, not some donor who thinks he’s hot ****.
 
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Gmoney4WW

Heisman
Jul 4, 2007
42,389
15,393
113
TU_BLA said:
TU 1978 said:
Case should know better, if there is any validity to the story. Krehbiel’s reporting isn’t usually sloppy like Scoop’s.

I’m sure our temporary AD President isn’t helping matters. We need a search firm for this, not some donor who thinks he’s hot ****.
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A local committee from the board is being assisted by WittKiefer search firm. And I'm pretty sure that Dickson is not hurting that search in any way. You sure do have your biases.
 
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TulsaAM

TulsaAM

All-Conference
Feb 10, 2002
3,942
1,646
113
If this University is around in 15 years I'll be shocked... shocked I tell ya!
 
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dlsnid

All-Conference
Mar 13, 2004
2,414
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We will be around we have over a billion dollars in endowment,more than OSU
 
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dlsnid

All-Conference
Mar 13, 2004
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What is OU’s. We are not going anywhere
 
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T

TUMU

All-Conference
Dec 3, 2003
3,845
1,811
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Why does Tulsa or any other university need such a large endowment?
Especially with Tulsa being such a small campus and enrollment.
What percentage of the endowment is used annually?
What's the 2025 budget for TU?
I imagine much of the answers are not public, being a private university.

Holy smokes. TU could throw a hell of a big party for us athletic supporters.
 
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B

Bringbackwoj

Sophomore
Aug 8, 2025
357
117
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No Stitt Never. He isn't intelligent. He appears to be an incredible A-hole.

I can't get behind Hern. I have been around Hern in a number of tiny private forums. He is actually surprisingly intelligent. Unfortunately, he would probably bring TPUSA to campus and act like Charlie Kirk is some prophet while him and his minions say Black Pilots and others are less good at their jobs. If he could raise a gagillion dollars, maybe.

I still can't believe who we have running the school right now.
 
C

'Cane-man

All-Conference
Mar 10, 2002
4,633
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Bringbackwoj said:
I still can't believe who we have running the school right now.
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No kidding. I'm mean, he's a good guy and everyone likes him, but he seems to have been placed in this position to pacify the Bushwoods after Carson's sudden departure.

To be candid, I'd probably favor anyone who was a major sports booster who had a few "mini-Boone's" to access.

I would rather have Donald Washberg named TU President than Stitt.
 
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Babe the Blue Ox

Babe the Blue Ox

Freshman
Aug 3, 2025
48
81
18
TU_BLA said:
I can tell you the smoke behind Hern is Mike Case and bail out. If TU hires Hern I will not step on campus or donate a single dollar as long as he is there. I’m one person but I know there’s probably 10k more that feel the same.
Click to expand...
You’ll stop going to football games based on the school president?
 
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dlsnid

All-Conference
Mar 13, 2004
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Where did you get the 2.5 billion I googled it and it wasn’t that high but it was only up to 2023
 
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Gmoney4WW

Heisman
Jul 4, 2007
42,389
15,393
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dlsnid said:
Where did you get the 2.5 billion I googled it and it wasn’t that high but it was only up to 2023
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OSU's was 1.5B and he stated that. You previously said(accidentally I think) that TU had an endowment 1 billion dollars more than OSU's.

1.5+1=2.5
 
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dlsnid

All-Conference
Mar 13, 2004
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Yes accidentally I meant to have a comma in there or a period I just meant we had more than OSU
 
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dlsnid

All-Conference
Mar 13, 2004
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Google says in 2021 it was 1.36 billion I don’t know what it is now. I found a later figure of 1.69 billion in 2024. OSU was 1.48 billion in 2024
 
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TU_BLA

TU_BLA

Heisman
Mar 8, 2012
29,574
13,858
113
So someone asked why the needed influx of cash bailout for TU? Part of this Hern rumor is that TU is extremely under water with debt right now (video mentioned something to the tune of $70M). Part of this Case deal would he would essentially pay off that debt for TU.

As for the endowment everyone says TU should dip into. The endowment is very complex...it's not just a giant cash account accruing interest. Actually, that is a very small part of what makes up the endowment. The majority of TU's endowment comes in the form of non-liquid assets like property and buildings. Other parts are gifts to the university that it can only use the interest on towards specific programs. A scholarship or dept. chair that has been endowed usually has a pretty hefty gift behind it but only the interest off those gifts is available to be used to support those endeavors.

For instance, I've always said if I win one of those billion dollar lottery jackpots, I am going to endow the TU men's soccer team. My best guess right now is the coach would make $150k and 26 scholarships at $70k (roughly) and you're looking at $1.7M needed annually so you're probably looking at the range of $40-50M needed to endow the program. They can only spend the interest but TU gets to add an extra $40-50M in its endowment figure. So while schools can boast having giant endowment funds, the figures are a little misleading in that those funds aren't necessarily liquid.
 
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G

Gmoney4WW

Heisman
Jul 4, 2007
42,389
15,393
113
dlsnid said:
Google says in 2021 it was 1.36 billion I don’t know what it is now. I found a later figure of 1.69 billion in 2024. OSU was 1.48 billion in 2024
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I believe the figure of 1.69 you saw was the current assets of the university including all values, like buildings and other items that are not part of the endowment. It was put at 1.36 in '21 and dropping 100m to 1.26 in '23. Either that drop was due to bad investments or expenditures or poor management of the university., Probably was all of the above.
 
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Gmoney4WW

Heisman
Jul 4, 2007
42,389
15,393
113
TU_BLA said:
So someone asked why the needed influx of cash bailout for TU? Part of this Hern rumor is that TU is extremely under water with debt right now (video mentioned something to the tune of $70M). Part of this Case deal would he would essentially pay off that debt for TU.

As for the endowment everyone says TU should dip into. The endowment is very complex...it's not just a giant cash account accruing interest. Actually, that is a very small part of what makes up the endowment. The majority of TU's endowment comes in the form of non-liquid assets like property and buildings. Other parts are gifts to the university that it can only use the interest on towards specific programs. A scholarship or dept. chair that has been endowed usually has a pretty hefty gift behind it but only the interest off those gifts is available to be used to support those endeavors.

For instance, I've always said if I win one of those billion dollar lottery jackpots, I am going to endow the TU men's soccer team. My best guess right now is the coach would make $150k and 26 scholarships at $70k (roughly) and you're looking at $1.7M needed annually so you're probably looking at the range of $40-50M needed to endow the program. They can only spend the interest but TU gets to add an extra $40-50M in its endowment figure. So while schools can boast having giant endowment funds, the figures are a little misleading in that those funds aren't necessarily liquid.
Click to expand...
I didn't think property assets that were the buildings on campus were part of the endowment. Am I wrong in this? I only thought buildings as investments not necessary to teaching on campus were considered part of the endowment.
 
TU_BLA

TU_BLA

Heisman
Mar 8, 2012
29,574
13,858
113
Gmoney4WW said:
I didn't think property assets that were the buildings on campus were part of the endowment. Am I wrong in this? I only thought buildings as investments not necessary to teaching on campus were considered part of the endowment.
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I believe you are correct. I believe it is property and real estate investments outside of campus proper BUT depending on the facility, and whether or not it can be rented/leased to the public and be a revenue stream outside of normal campus operations, it may or may not be included. Man, where is Huffy for this since he seemed to have a better understanding. I asked this question of my supervisor when I worked at TU and they explained it to me but of course in much generalization so there's obviously going to be nuance there. And heck, students always speculated and bitched and moaned because TU claimed this giant endowment and yet their tuition and fees were always going up. Again the distinction between the endowment and how much of it was liquid is a key.
 
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Gmoney4WW

Heisman
Jul 4, 2007
42,389
15,393
113
TU_BLA said:
I believe you are correct. I believe it is property and real estate investments outside of campus proper BUT depending on the facility, and whether or not it can be rented/leased to the public and be a revenue stream outside of normal campus operations, it may or may not be included. Man, where is Huffy for this since he seemed to have a better understanding. I asked this question of my supervisor when I worked at TU and they explained it to me but of course in much generalization so there's obviously going to be nuance there. And heck, students always speculated and bitched and moaned because TU claimed this giant endowment and yet their tuition and fees were always going up. Again the distinction between the endowment and how much of it was liquid is a key.
Click to expand...
I assume there are even mixed use buildings on campus that are used for student use, and public use, who are partially part of the endowment, but not wholly considered part of the endowment.
 
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