Stephen Ross donates another $200 Million
Report: Ross to give $200 million in largest-ever donation to University
The article gives the details and apparently there is a press conf today (Wednesday). Impressive. Some of the donation will go to athletics.
September 4th, 2013 at 1:14 AM ^
Lacrosse stadium? Regardless, thank you Mr. Ross, I hope this benefits the university in many ways
September 4th, 2013 at 1:17 AM ^
You have to love generous alumni.
September 4th, 2013 at 8:21 AM ^
I just learned that OSUs Fischer School of Business is named after Ross' uncle, the also quite successful Max Fischer. What a savvy, philanthropic family.
September 4th, 2013 at 8:38 AM ^
I thought Max Fisher had committed all his money to building Rushmore a first rate aquarium?
September 4th, 2013 at 8:47 AM ^
This is why we need to bring upvotes back.
September 4th, 2013 at 9:12 AM ^
beat me to it. that was some good work, there.
September 4th, 2013 at 9:51 AM ^
"slow clap"
September 4th, 2013 at 10:06 AM ^
That's good hustle.
September 4th, 2013 at 1:25 AM ^
Wow.. How great for the school, students and athletes!
September 4th, 2013 at 1:34 AM ^
Damn, big gift, looks to be the fourth largest overall and third to a university: http://philanthropy.com/stats/topdonors/
September 4th, 2013 at 8:22 AM ^
the link you provided is broken down by year, so it does seem to be the third largest donation to a university so far this year but not all-time.
September 4th, 2013 at 10:34 AM ^
Ahhh, big deal. If I had a sh-tload of money I could donate millions too.
September 4th, 2013 at 1:21 PM ^
Damn you Bloomberg!
September 4th, 2013 at 1:35 AM ^
What a cheapskate.
September 4th, 2013 at 1:42 AM ^
If my math is correct, he gets 20 priority points for his UM degree and 313,000 points for past and present university donations...
September 4th, 2013 at 4:56 AM ^
He gets the jet pack seat for home games
September 4th, 2013 at 5:44 AM ^
They have to play around his roped off area dead center of the field. While he shouts bloody marvelous after each play and man servants run curl routes to refill his champagne.
September 4th, 2013 at 8:08 AM ^
and Dave Brandon will be waving a fan in his face for the early fall games. . .
September 4th, 2013 at 7:37 AM ^
That's 1 million priority point. Plus the 231,000 for university donations. Plus 20 for his degree equals a crap load of points.
September 4th, 2013 at 7:38 AM ^
....But how many MGoPoints does he get?
September 4th, 2013 at 10:31 AM ^
Ha. Look at Vincent Smith and Brandon Hawthorne and all the blood, sweat, and tears they gave to the AD. It'll take them 20 years to catch up to someone like Bry_Mac or MWolverine. You gotta do a little more than donate some cash to the AD to earn MGoPoints. Now, when the point system returns, if Ross were to post a timely photoshop or two he'll be well on his way . . .
September 4th, 2013 at 1:25 PM ^
He gets to sit on Brady Hoke's shoulders and call out plays.
September 4th, 2013 at 1:49 AM ^
I'd tell you what I'd do if I had 200 million dollars....
400 chicks at the same time.
September 4th, 2013 at 2:02 AM ^
Magic Johnson did that in the other order. He did about 400 chicks at the same time, and then got 200 million dollars. There were some AIDs in there as well. Overall, I think he came out on top though.
September 4th, 2013 at 2:45 AM ^
You are a disgrace. AIDS is the last thing you should joke about, you mental midget.
September 4th, 2013 at 2:56 AM ^
Not sure if your actually mad ? Also I'm not sure why i even bothered to comment this but o well im stalling going to bed.
September 4th, 2013 at 2:59 AM ^
If we're talking hyperbole, Ebola has a much higher kill rate than modern AIDS/HIV.
September 4th, 2013 at 4:44 AM ^
What Ebola does to a human host. :)
September 4th, 2013 at 10:00 AM ^
to Ebola. Hooray for the Internets.
September 4th, 2013 at 4:10 AM ^
yay! another PC douche.
September 4th, 2013 at 7:40 AM ^
He is HIV positive. Tommy Gunn on the
Other hand... RIP.
September 4th, 2013 at 7:50 AM ^
We talk about infectious diseases all the time. Hell, we even talk about Columbus, and we avoid that like the plague.
September 4th, 2013 at 8:01 AM ^
They prefer little people!
September 4th, 2013 at 8:47 AM ^
Mental little person, please.
September 4th, 2013 at 9:35 AM ^
I think Magic Johnson is doing just fine. And I'm not sure what the joke is. He admitted to having sex with hundreds of women, and he has AIDs (HIV I suppose would be correct). Afterwards, he became a financial guru and made millions. I don't think he's crying himself to sleep or anything.
September 4th, 2013 at 11:35 AM ^
I never knew a modified Office Space quote would result in this.
September 4th, 2013 at 3:21 AM ^
damnn, that is very generous.
September 4th, 2013 at 8:23 AM ^
It is very generous...BUT.. his accountant likely told him he needed to make a large donation. He's surely not "donating" as much money as it appears.
I am not trying to minimize his contribution, just stating the facts and realities of wealth. Charles Woodson likely ran into a similar situation with his Mott donations, as he appears to have managed his money very well.
September 4th, 2013 at 9:41 AM ^
Besides the fact that I don't think he needed to write off $200 Million. The guy has a proven track record of generousity, you are an ass for suggesting any other motive.
September 4th, 2013 at 1:41 PM ^
While I'm sure he's not doing this just for the right off, to suggest that "suggesting any other motive" makes the poster an ass just makes you look stupid and like a homer. I'm sure it's nice to think Ross and all our alumni are good people but they didn't get to the point they are in their lives by being stupid and doing things for the hell of it. The guy has a LLM in tax and worked at one of the Big 4 back before going off on his own.
As Ross gets up there in age, I am wondering what sort of estate tax implications he has in mind (tax law was my least favorite class). Either way, if you're going to respond, please do so in a substantive and intellectual manner other than in essence saying "HURR DURR MICHIGANZ THE BEST".
September 4th, 2013 at 9:45 AM ^
why bother? What is with all those dots, not to mention the caps and italics. Is that some kind of code?
September 4th, 2013 at 11:01 AM ^
It's a discussion. I added some knowledge, personal experience, and factual information about how these large donations work, and often why they go down. It doesn't make Ross's contribution any less grand, relevant, or good-natured. He could have donated the money anywhere but chose a learning institution that he has close ties to. I thought that was inferred, but I was wrong.
"All the dots, caps and italics" are in reference to two casual uses of ellipsis and one word in caps and italics? What - you didn't feel it necessary to call out the donations in quotation marks? You're slipping.
September 4th, 2013 at 10:57 AM ^
I'm no CPA, but in what scenario does it make financial sense to make a 200 million dollar donation? Is he up into the 110% tax bracket or something?
September 4th, 2013 at 11:06 AM ^
Is this serious? I can't believe I have to type this: the entire 200 million wasn't needed for the donation. He likely added more to ensure the Business school was finished, etc.
I mean honestly, are you guys seriously that aloof or does Stephen Ross contribute to your Christmas cheer?
September 4th, 2013 at 12:04 PM ^
Go easy on me, I was one of those sociology majors who gets a meaningless degree and then flips burgers or something. And though I'm plenty aloof, I highly doubt Steve Ross has made these donations because they are good financial moves, not because he's philanthropic, like you're suggesting.
I make donations as well (not of this magnitude, of course) and although I write them off, I don't do it for that purpose, and I'd be in a much better spot not having the write off and keeping the money.
September 4th, 2013 at 3:36 AM ^
Stephen Ross is like Bill Gates and Gandhi rolled into one, except he's a better blocker out of the backfield and has world class speed.
-Fred Jackson
September 4th, 2013 at 9:25 AM ^
Upvote
September 4th, 2013 at 1:44 PM ^
Charles Feeny would be a better comparison
http://www.nytimes.com/2012/08/08/nyregion/a-billionaire-philanthropist…
September 4th, 2013 at 3:52 AM ^
So maybe they can use part if it to re-design the exterior of the new B-school..?