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Date Posted: 09:43:46 06/09/04 Wed
Author: matunuck
Subject: Re: Holy Cross Baseball
In reply to: Holy Cross 1965 's message, "Holy Cross Baseball" on 11:59:15 05/26/04 Wed

if the team is bad is it any surprise no one shows up -- in the mid to late 80s attendance was far better (even against the Ivies) and much of the campus tailgated with friends, family before going into the game -- the atmosphere was great, especially on a crisp fall day -- football was very much part of the school and it was a nice balance to the academic grind -- HC football has been around for over 100 years -- I hate to see tossed overboard -- I do believe, though, that the key to success must include substantial endowment growth --According to the recent HC mag, I believe they've added more full-time personnel to accomplish this. Fr. McFarland has mentioned endowment growth many times and call me crazy but I do think HC athletics in general may be turning the corner so to speak.

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[> [> Endowment...Is HC really cash-strapped anymore? -- HC1843, 09:55:01 06/09/04 Wed

While our endowment is in absolute terms smaller than Georgetown's edowment and BC's endowment, are we not actually a richer school endowment-wise per capita? While Georgetown actually has a reason to cry poor these days, BC seemingly does not and is not doing so. Why then does HC continue to do so? Or maybe it is just me and I am holding on to the image presented when I was a student.

When I attended HC our endowment ranged from 150-175 million. When I asked then President Reedy a financial question he explained why HC at that time was in a tight financial situation. I agreed with his reasoning then about the school at that time. Now that almost 9 years has passed since I asked that question and with financial reports indicating that HC's endowment is now over $400 million and growing, with added support from the LHTC Campaign and rebounding financial markets, why is the school still selling the cash-strapped college image. Sure there have been some increased costs, but all in all it would seem to me that HC should be in and is in a much better financial position. Can someone please explain what I am missing. Also, is it true that since tuition is a large source of the college's capital that the increased tuition rates over the past 9-10 years have offset the increased salaries, etc, etc...?

Thoughts...

Cheers.

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[> [> [> Re: Endowment...HC really cash-strapped anymore? -- matunuck, 10:38:07 06/09/04 Wed

You're exactly right. I've posted the endowment numbers of the Catholic schools a couple of months ago and we're far ahead of most them in absolute terms, let alone per capita. That said, endowment growth is necessary to, for example, carrying out robust capital projects and increase our relative standing in US News. Our "faculty resources" number is a big factor in our current position. Yes, I know. Who cares about our ranking? I do for a variety of reasons -- related to academics and athletics -- that I won't get into.

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[> [> Re: 'Poor' Holy Cross vs. others -- Rick, 11:18:28 06/09/04 Wed

Good info/thoughts by both of you....

I'm confident the 3 of us could come up with a fairly extensive list of schools that do more for their athletic programs WITH LESS resources than HC has at it's disposal.

EXAMPLE : Hart Center was built over 25 years ago and yet the original chair-back seats are just NOW being replaced. The original wooden floor bleachers should have been replaced 10 YEARS AGO with modern aluminum/composite plastic fold/roll away seats. The original interior orange/white color scheme LONG AGO should have been replaced with a purple/gray/white scheme.

Talk about differed maintenance !!

Someone here recently mentioned the horrid condition of the tennis court surfaces.

How about the softball field....up to even Junior High School standards ?

Hart Center rink ? That's akin to an auxilary/practice rink at most town/county run rinks let alone being up to snuff with ECAC level venues.

Fitton Field - the renovation in the mid-1980's brought the facility up to 1970 standards ! Someone mentioned here over the winter that OUR TEAM dresses for games up at the Fieldhouse and is then BUSSED down to Fitton FOR LACK OF A LOCKER ROOM at Fitton....THAT is ridiculous !!!

....end of latest rant.

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