Looks like all these nice guys answered you for me.Samurai Stang wrote:SMU accounting is not the same as public accounting. It is a not for profit entity. The point is that the business school is not necessarily funding them directly as a separate entity, but is able to support them through their non-restricted gifts. In this way, the rich alumni of the business school, which are amongst the wealthiest of the donors, can support other areas of study within the university that would normally never receive funding from donors, such as philosophy. Thus, many departments at the university remain able to function that would otherwise be unable to. There is nothing controversial about this statement.OC Mustang wrote:It can't do that. Same financial statement.NavyCrimson wrote:If I remember correctly that during the times SMU was having financial troubles after the DP & Pye's time on the Hilltop, I believe the school ("the big school") was having to borrow $$$ from Cox.
What gifts would you be referring to? What rich Cox alum donated money so generously to other departments because they can't seem to get their own donations?
I'm not disputing that Cox has many rich alum because they do, naturally so. People donate where they have ties and interests. Prothro donated to Perkins (has ties), Simmons donated to the School of Education (his wife was an Elem. Education major here), Caruth donated to the School of Engineering (has ties), Perrine donated to the English department (worked at SMU), Cox donated to Cox (has ties). That's just how it works.