Peter and Ann Tombros commit $26 MM to PSU.

[dbonsick]

Name another school that wrongfully treated their legendary coach the way PSU treated Joe? What reason does a donor have to give bama such an ultimatum?

Which is why I didn’t say it’s right or wrong. It’s their money and they decide how to spend it. But there is no arguing that the difference creates have and have nots.

 

[BobPSU92]

Which is why I didn’t say it’s right or wrong. It’s their money and they decide how to spend it. But there is no arguing that the difference creates have and have nots.

Just points to how stupid Penn State’s leaderers have been the last ten years and will continue to be for eternity.

 

[dbonsick]

Just points to how stupid Penn State’s leaderers have been the last ten years and will continue to be for eternity.

It goes back longer than the treatment of Paterno in 2011. PSU’s culture is not “win at all costs” which is the mindset of most other schools perennially in the CFP. Remember, in the SEC it just means more.

 

[Art]

Which is why I didn’t say it’s right or wrong. It’s their money and they decide how to spend it. But there is no arguing that the difference creates have and have nots.

Doesn't matter whether a donor puts restrictions on the money. John Smith gives $1mm for exclusive use of the Tiddlywinks Team. Athletic Director says Tiddlywinks doesn't need more than the $2mm budgeted for the previous year. Cuts the Department's allocation by $1mm (Tiddlywinks still has the same $2mm) and sends it wherever he or she wants.

Now, the Tiddlywinks coach is pissed off and has a right to be. So how do you think Coach Franklin feels when he has to fight City Hall for funding and the surpluses his program earns pay for other sports?

 

[dbonsick]

Doesn't matter whether a donor puts restrictions on the money. John Smith gives $1mm for exclusive use of the Tiddlywinks Team. Athletic Director says Tiddlywinks doesn't need more than the $2mm budgeted for the previous year. Cuts the Department's allocation by $1mm (Tiddlywinks still has the same $2mm) and sends it wherever he or she wants.

Now, the Tiddlywinks coach is pissed off and has a right to be. So how do you think Coach Franklin feels when he has to fight City Hall for funding and the surpluses his program earns pay for other sports?

That really wasn’t my point, Art. My point was that when the major donors at Alabama, Clemson, aTM, etc. are asked to contribute to the football program, they do so without any qualifications. That mindset doesn’t exist with PSU donors.

 

[Agoodnap]

That really wasn’t my point, Art. My point was that when the major donors at Alabama, Clemson, aTM, etc. are asked to contribute to the football program, they do so without any qualifications. That mindset doesn’t exist with PSU donors.

Thank God we AREN'T those schools. We Are Penn State and have always done things differently.

 

[JoeLion]

“don’t look a gift horse in the mouth”? Is that right? What the hell does that mean?

 

[Woodpecker]

how awesome! That’s a ton of money!

That's over a ton of $20 bills

 

[Thomas1945]

Sure wish I had that kind of money to donate to Dear Old State. If I did have say $50m to donate I would contact the university and say, "I will donate $50m to the university if and only if the Paterno statue is put back. Otherwise you don't get a penny."

I’m willing to bet the University would say “Thanks, but no thanks” if that condition was placed on it.

Don’t be so sure, if ole LemonEars had that amount of bread to spread those money whores would jump at the deal. Hell, donate $100,000,000 to Bama and they’ll take down the Bears statue under the guise that he chain smoked and spread lung cancer. Yeah, and I know lung cancer isn’t contagious but a hundred mill is a hundred mill.

 

[Keyser Soze 16801]

It's vaguer than that.

Typically, when a head coaching position is endowed, the income thrown off is used toward the coach's compensation. And there is nothing "discretionary" about a basketball scholarship.

My guess is that the Tombroses established a fund to underwrite the basketball program, offsetting whatever expense it might incur. Description probably isn't as sexy as PSU would like.

It's all good. In the immortal words of Limp Rod, "money is fungible."

Universities prefer donors to put as few parameters around donations as they are willing

 

[BobPSU92]

That's over a ton of $20 bills

And a shitload of dimes.

 

[dbonsick]

It doesn't matter what your point was. The spiritual leader of all things finance has imparted his knowledge onto a soon-to-be-defunct PSU football message board.

My sincere apologies!

 

[Nitwit]

The posts in this string are among the stupidest I’ve ever read on this board.

 

[BobPSU92]

The posts in this string are among the stupidest I’ve ever read on this board.

I want to feel pride, but we’ve been plenty stupid in many other threads. Let’s not underappreciate past efforts.

 

[The Spin Meister]

Sat in Peter's seats (he used to work with my father) for the 2014 OSU game. He might be a bigger deal than I realized lol.

Shoulda been nicer to him. Even sucked up more.

 

[The Spin Meister]

It probably allocates a certain amount of funding per year to be used at HC’s discretion for what he feels is urgent.

It is vague of course. I know hockey coaches have something similar. Say there is something they feel is important for in the hockey lounge or something like that which is not covered by building fund, they can use some of these funds.

I was actually shocked once to hear that if Guy wanted to put up a hockey sweater of every HS team in the state, he would have to find funding for it, out of such funds, unless he could find a donor to specifically fund it. Pegula Bldg fund was not an option.

As many scotches and lattes with sterilized tongs as necessary.

 

[The Spin Meister]

The BoT will rue the day I win a major Powerball or Megamillions!🤬

 

[doctornick]

That really wasn’t my point, Art. My point was that when the major donors at Alabama, Clemson, aTM, etc. are asked to contribute to the football program, they do so without any qualifications. That mindset doesn’t exist with PSU donors.

I don't really think that is true. I've always been under the impression that a lot of the boosters in those football mad places actually interfere quite a bit with how the programs are run; not the least of which is when coaches get fired because of pressure from donors.

 

[ILLINOISLION]

First time onion dip has ever been endowed?

 

[creamery freak]

I don't really think that is true. I've always been under the impression that a lot of the boosters in those football mad places actually interfere quite a bit with how the programs are run; not the least of which is when coaches get fired because of pressure from donors.

I remember one time JoePa was doing commentary during the Blue/White game. He talked about his position in raising donations from the alumni. He said something to the effect that he would gladly accept their monetary donations but he didn't want their 2 cents. I thought that was funny.

 

[step.eng69]

It's a wonderful gift, but the descriptions of how it will be used are confusing. Intentionally vague or bad writing?

All of the above 🤨

 

[step.eng69]

I wish I had that much money to donate.

I would have to cut out about $2 million to ease retirement prior to giving the gift. 🤐

 

[step.eng69]

Cynicism level on this thread is about a 9 on a 0-10 scale.

What can I contribute to make it 10? 🤔