You’re really angry because you’re getting schooled.
Billions in contributions far surpasses what the school earns from t-shirt licensing profits.
University of Miami exceeds fundraising expectations by billions
University of Miami exceeds fundraising expectations by billions - Hispanic Executive
For the record, I’m thrilled with the national recognition and the national brand awareness, and the modest increases in enrollment (which are limited, of course, contributions aren’t) but I just happen to know just a tad bit more than you regarding the actual revenue inflows. It’s actually not that hard to figure out.
Also, I tend to be open minded, and when someone knows more than I do about something, I shutup and listen. I would highly recommend it.
It's really not all that difficult to raise money if you're a non-profit. That's because you can sell the donors the tax benefits when donating to a non-profit.
Now if someone is donating for specific research - that money gets pretty much spent on that particular sliver of medical research - and that's not exactly a profit center. At all. Other times, a big endowment will be banked and then the university will spend the interest/investment earnings, leaving the principle intact.
Miami football, in contrast - makes money. Revenue. Often folded back into the Athletics Department for Women's swimming, or golf - or some other money-losing activity.
But at least the football program earns REVENUE. Unlike all other things at the university.
Now on that research - every professor wants a piece of those donations to pursue his pet project that funding will allow. You want to do spinal cord injury research? Look for a nutrition element - rehashing electrical stimulation (known for over 50 years), an accompanying obesity study of paralyzed patients - about a dozen major efforts OTHER than trying to reverse or correct spinal cord injuries.
But. The donors get their big tax credits - based on their personal tax rates. Oh. And if they contribute enough, you'll get a building, a hall, a laboratory closet, or a schitter named after you.
The football program by contrast - is a revenue generating activity. The better the football program, the more it's known, the more it's marketed, the more revenue it generates. How the university wastes the excess revenue over football program costs is up to them. And they manage quite well.
Research donations are pretty much a wash. Those dollars not directly allocated for research - provide more administrative positions (roughly 15%) which are more dead weight.
And for the record - the famous "U"? Wasn't academia that came up with that. Wasn't research projects that pushed that.
It was the Football Program that's marketed that - and guess what is right out front of the University? Guess what is the nationally recognized symbol of the University of Miami?
The football logo.