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<blockquote data-quote="New Old Guy" data-source="post: 249878" data-attributes="member: 1256"><p>FWIW, Tech is gradually "going private" as the amount of State funding goes down -- year after year after year. Most folks don't really think of it this way, but as the % of GT funding provided by the State declines toward zero, doesn't that make us more and more "private"? Of course it's not that simple.</p><p></p><p>There is a lot of logic in Tech becoming private. We are not much like the dozens of other members of the State system, all of which compete for limited and ever declining funds. However that step (going private) would be difficult to accomplish, complicated and highly charged politically. Among the many issues: what happens to all the facilities used by GT but owned by the BOR? Many/most of these buildings were paid for by Tech donors, but were deeded to the BOR upon completion.</p><p></p><p>At some point the State could just decide that they wish to eliminate the funding of GT altogether. If that were to happen we might have the opportunity to negotiate a transaction to make us fully private, but I don't see that in the foreseeable future. Furthermore, although the Tech endowment is many times bigger than any other BOR controlled entity, our funds are still not sufficient to go it alone, IMO.</p><p></p><p>So going private is a nice goal (or dream), but getting there would be a challenge, and sustaining our current level of excellence would require some innovative funding.</p></blockquote><p></p>
[QUOTE="New Old Guy, post: 249878, member: 1256"] FWIW, Tech is gradually "going private" as the amount of State funding goes down -- year after year after year. Most folks don't really think of it this way, but as the % of GT funding provided by the State declines toward zero, doesn't that make us more and more "private"? Of course it's not that simple. There is a lot of logic in Tech becoming private. We are not much like the dozens of other members of the State system, all of which compete for limited and ever declining funds. However that step (going private) would be difficult to accomplish, complicated and highly charged politically. Among the many issues: what happens to all the facilities used by GT but owned by the BOR? Many/most of these buildings were paid for by Tech donors, but were deeded to the BOR upon completion. At some point the State could just decide that they wish to eliminate the funding of GT altogether. If that were to happen we might have the opportunity to negotiate a transaction to make us fully private, but I don't see that in the foreseeable future. Furthermore, although the Tech endowment is many times bigger than any other BOR controlled entity, our funds are still not sufficient to go it alone, IMO. So going private is a nice goal (or dream), but getting there would be a challenge, and sustaining our current level of excellence would require some innovative funding. [/QUOTE]
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