Big donors

[NorthKCHawk]

They don't see it as an investment. They see it as a hobby just like people who throw $100 down on Draft Kings every weekend.

1) It's a big dick competition if you want to be "the man" when you walk in the room.

2) It's just not big money to most of these guys.

Cody Campbell's net worth isn't public because all of his wealth is in private companies, but most places I've seen estimate him at $5 billion. If he gives $25 million a year, that's .4% of his net worth. Point 4 percent.

To put it in perspective let's take someone with a $2 million net worth when you look at their savings, retirement accounts, and equity in their home, etc. Not very uncommon at all. I'd say for a married couple in their late 50s who've had decent jobs, saved for retirement, and have most of their mortgage paid off $2 million in net worth isn't a stretch between two people.

That same donation would be $8,000 per year. I know TONS of people who spend way more than that on Hawkeye sports every year when you consider tickets, travel, bowl games, tailgating, etc. And those people are just burning that money because they get nothing back other than recreational enjoyment...it's not an investment whatsoever.

And most wealthy people, I mean really wealthy people, are easily getting 10-20% growth on their wealth through passive and active investments with much lower tax consequences than we worker bees have to pay, percentage wise. So, giving .4% is barely scratching the revenue stream for someone who already has more money than they can ever spend.

Its the same principle as the Saudis and LIV golf. They have literally lost a billion dollars on the endeavor, but they don't care because the whole point was to just make themselves look less douschy to the Western World. To make them seem more acceptable to countries they want to partner with. The loss itself is a quarterly rounding error. Barely a blip. The 1/10 of 1% have just stupid money in their possession.

 

[Fryowa]

And most wealthy people, I mean really wealthy people, are easily getting 10-20% growth on their wealth through passive and active investments with much lower tax consequences than we worker bees have to pay, percentage wise. So, giving .4% is barely scratching the revenue stream for someone who already has more money than they can ever spend.

Its the same principle as the Saudis and LIV golf. They have literally lost a billion dollars on the endeavor, but they don't care because the whole point was to just make themselves look less douschy to the Western World. To make them seem more acceptable to countries they want to partner with. The loss itself is a quarterly rounding error. Barely a blip. The 1/10 of 1% have just stupid money in their possession.

Even at a smaller scale it's wild.

I remember as a kid (I was probably 10 or 11) my dad and I went fishing in the Brainerd area with a few of his buddies. One of them had a cattle farm with a few semis on the side and had a cabin up there. I'll never forget we get there and the dude's looking through an old tackle box for something, he laughs and says "Well shit, that's where that went...I wondered where that was..." Pulls out a paper lunch sack with a $10k stack that still had the strap on it. Laughed about it and said it must've been in there for a couple years. In 1990 that would've been life-altering money for my family and he acted like it was a set of keys that he set down somewhere and couldn't remember where it was.

 

[NorthKCHawk]

Even at a smaller scale it's wild.

I remember as a kid (I was probably 10 or 11) my dad and I went fishing in the Brainerd area with a few of his buddies. One of them had a cattle farm with a few semis on the side and had a cabin up there. I'll never forget we get there and the dude's looking through an old tackle box for something, he laughs and says "Well shit, that's where that went...I wondered where that was..." Pulls out a paper lunch sack with a $10k stack that still had the strap on it. Laughed about it and said it must've been in there for a couple years. In 1990 that would've been life-altering money for my family and he acted like it was a set of keys that he set down somewhere and couldn't remember where it was.

Should have married his daughter.

 

[Fryowa]

Should have married his daughter.

Not if you saw her. There's a lot of things I'd do for money but that ain't one of 'em.

 

[ssckelley]

If all of these farmers had that much money you would think Iowa State would be rolling in NIL money. I don't know the percentage but I would think around 50% are Clown fans since it is an ag school.

 

[Hawkboys]

If all of these farmers had that much money you would think Iowa State would be rolling in NIL money. I don't know the percentage but I would think around 50% are Clown fans since it is an ag school.

But most farmers with high $$ didn't go to ISU (their kids have), and are more likely to give to the Hawks.

 

[Fryowa]

If all of these farmers had that much money you would think Iowa State would be rolling in NIL money. I don't know the percentage but I would think around 50% are Clown fans since it is an ag school.

But most farmers with high $$ didn't go to ISU (their kids have), and are more likely to give to the Hawks.

They most definitely have that much money, but trying to get that money out of a farmer's hand is about the most difficult thing you can do.

It's not built into the culture, hoarding it and keeping as much of it a secret from the public and the government is the culture.

 

[NorthKCHawk]

Old joke. How do you double a farmer's income?

Install a second mailbox out front to double his government subsidies.

Just kidding, farmers!

 

[trj]

Is the guy that owns Kum and Go still a big Hawk donor? I know he used to be anyway and I can't think of anyone else off the top of my head

You can do the Google/AI thing and find out that the Krause family checked out a long time ago.

 

[trj]

If the clones had Albaugh we’d still have Campbell.

Please elaborate. It felt like if 4 or 5 jobs came open, Campbell was gone no matter what. Are you saying that is not the case?

 

[NCHawker]

Well Oregon has Nike. Indiana has Cuban. I heard Clones have Albaugh the Roundup inventor. So who do the Hawks have?
Too bad Carver isn’t still around

me

 

[SwirlinLingerie]

Old joke. How do you double a farmer's income?

Install a second mailbox out front to double his government subsidies.

Just kidding, farmers!

That's pretty good. Socialists!

 

[BryceC]

Please elaborate. It felt like if 4 or 5 jobs came open, Campbell was gone no matter what. Are you saying that is not the case?

I’m saying if we had Albaugh like people around here think we do, we could have at least made some counter offers for Campbell and some players, and we wouldn’t be scraping the barrel just for enough to meet the rev share amount.

There were issues between Campbell and the AD due to Iowa State having to penny pinch. Those are facts.

 

[BryceC]

You can do the Google/AI thing and find out that the Krause family checked out a long time ago.

Very busy losing hundreds of millions on an Italian soccer club.

 

[Hawke]

I know two big farmers that are ISU grads, one owns 10,000 acres and the other owns at least twice that. I don’t know how much they donate to athletics but I do know it’s substantial. Before NIL the 2nd one would “hire” ISU basketball players to “work” for him in the summer. I imagine that money is now going directly into NIL without the need for creative accounting.

 

[MelroseHawkins]

"BIG BONORS"

There, fixed it.