Dave Benedict names Senior Associate Athletic Director for Development at UConn

[huskymedic]

Go Dave go...



>>Michael Oblinger, who most recently served as the Director of Major Gifts and the Annual Fund for the Tiger Foundation at LSU, has been named the Senior Associate Athletic Director for Development at UConn. Oblinger will become a member of Director of Athletics David Benedict's Leadership Team and its chief development officer, working in concert with the University of Connecticut Foundation<<

 

[HuskyHawk]

Seems to be bringing in the right kind of people. I remain impressed.

 

[Chin Diesel]

Geaux Huskies!!

 

[jostar1]

Is this a new position? Where is the money coming from?

 

[Adios]

Yes, this is a new position. Benedict is redesigning the athletic department and creating or adjusting positions that function within it. Memphis has a position similar to this in their AD. So does Tulane.

 

[Samoo]

Is this a new position? Where is the money coming from?

Hopefully a base salary with a % of whatever he raises. Nothing like a little incentive to keep a tiger hungry.

 

[SubZero]

Wait until this guy finds out that getting money from LSU fans is a lot different than trying to squeeze money from UCONN fans.

 

[huskymedic]

>>Of the funds raised last fiscal year, $5.7 million will go toward capital projects on campuses, $22 million for scholarships and student aid, $25.7 million for programs, $7.4 million for faculty, and $11 million for research.

Within these categories, funds will go toward environmental research, music, biomedical engineering, a variety of other programs, and $4 million for athletics.

In the end, $42 million will be used for current operations and nearly $30 million will go toward the endowment, which currently stands at more than $400 million, an increase of 10 percent since the end of fiscal year 2016.<<

 

[Stinger92860]

>>Of the funds raised last fiscal year, $5.7 million will go toward capital projects on campuses, $22 million for scholarships and student aid, $25.7 million for programs, $7.4 million for faculty, and $11 million for research.

Within these categories, funds will go toward environmental research, music, biomedical engineering, a variety of other programs, and $4 million for athletics.

In the end, $42 million will be used for current operations and nearly $30 million will go toward the endowment, which currently stands at more than $400 million, an increase of 10 percent since the end of fiscal year 2016.<<

A much better picture than I was expecting.

 

[UC313]

AD Dave getting it done. Nice.

 

[SubZero]

In the end, $42 million will be used for current operations and nearly $30 million will go toward the endowment, which currently stands at more than $400 million, an increase of 10 percent since the end of fiscal year 2016.<<

Wait a second. The stock market went up over 10% last year. So either we have a lousy investment person / company or our endowment is not growing at all due to donations.

 

[huskymedic]

Wait a second. The stock market went up over 10% last year. So either we have a lousy investment person / company or our endowment is not growing at all due to donations.

They are contributing $30m to endowment - last year they contributed $21m.

Not sure what the market returned matched up against the university FY (July 1, 2016>June 30, 2017). Would have to wait for detailed UConn Foundation report to see what investment income YOY was - no?

 

[Rufus]

If UConn wants to play with the B1G Boys....

OSU raised over $532 million last year.

Ohio State University raised more money than ever last year

 

[Da_Aisijimo_Gou]

Wait until this guy finds out that getting money from LSU fans is a lot different than trying to squeeze money from UCONN fans.

Sarcasm detector on ... with a pre-LSU fund raising background with other schools and locations as varied as Nevada, Memphis, and Ohio State, undoubtedly the Illinois-native, Oblinger must have zero awareness differences may exist from school to school, no insights regarding UConn's challenges and opportunities, and absolutely no plan and ideas to raise dinero with UConn.

Michael Oblinger Background
"(Oblinger) was the Director of Annual Giving at Nevada from 2009-10, an Assistant Director of the Tiger Scholarship Fund at Memphis from 2007-09 and was an Athletics Development Associate at Ohio State from 2006-07."

 

[Da_Aisijimo_Gou]

They are contributing $30m to endowment - last year they contributed $21m.

That's a positive and significant increase. Additionally, underlying assets for UConn's foundation portfolio and typical educational foundation portfolios are unlikely to be entirely allocated to stocks nor directly correlated with all securities in an unspecified equities market.

 

[Kolumbo]

Sarcasm detector on ... with a pre-LSU fund raising background with other schools and locations as varied as Nevada, Memphis, and Ohio State, undoubtedly the Illinois-native, Oblinger must have zero awareness differences may exist from school to school, no insights regarding UConn's challenges and opportunities, and absolutely no plan and ideas to raise dinero with UConn.

Michael Oblinger Background
"(Oblinger) was the Director of Annual Giving at Nevada from 2009-10, an Assistant Director of the Tiger Scholarship Fund at Memphis from 2007-09 and was an Athletics Development Associate at Ohio State from 2006-07."

Yeah, I wonder if they actually got around to discussing the differences between schools like LSU, OSU and UConn during the interview. UConn has to keep hiring the right people with the right backgrounds which it seems to be doing.

 

[Rappin'Rodney]

Additionally, underlying assets for UConn's foundation portfolio and typical educational foundation portfolios are unlikely to be entirely allocated to stocks nor directly correlated with all securities in an unspecified equities market.

C'mon, let's live a little. Leverage everything to the rafters! No hedging for the UConn Foundation! No way, baby!!

No Whammies...No Whammies...No Whammies...

 

[UConnStats]

If UConn wants to play with the B1G Boys....

OSU raised over $532 million last year.

Ohio State University raised more money than ever last year

You don't have to raise as much as one of the football giants to make a difference or be in a better conference.