Re: REPORT: North Dakota cutting women's hockey
Pres. Kennedy of UND says it would take a $60 million endowment to sustain WIH.
You want to live off the interest of an endowment, not touching the principal.
The normal working number these days for safe interest on investments is 4%.
4% of $60 million is $2.4 million annually.
That's nominally what UND WIH expenses were in FY 16.
Stuff costs money.
Now, if you happen to have $60 million to invest in UND WIH, please make the check payable to "The UND Foundation's Women's Hockey Endowment".
Pres. Kennedy of UND says it would take a $60 million endowment to sustain WIH.
You want to live off the interest of an endowment, not touching the principal.
The normal working number these days for safe interest on investments is 4%.
4% of $60 million is $2.4 million annually.
That's nominally what UND WIH expenses were in FY 16.
Stuff costs money.
Now, if you happen to have $60 million to invest in UND WIH, please make the check payable to "The UND Foundation's Women's Hockey Endowment".
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