He and has wife have been extremely generous in donating their time, talent, and treasure to the University that has, in their own right, been very good to them over the last 18 years.
At the same time, it's also a matter of perspective. Off the top of my head, I can remember a gift of $100k back in the first few years of his tenure, a $500k gift maybe 4 or 5 years ago and then this one for $1M. Those major gifts amount to $1.6M. By my quick calculation, I figure Ferentz has earned about $40M during his 18 years as head coach. $1.6M in major gifts out of $40M in lifetime earnings comes to right at 4%. If you take an average family salary of, say, $75,000/year, over 18 years that would be $1.35M. 4% of that would be $54,000. Spread over 18 years, that would be $3,000/year.
So at the end of the day, while the amount of the gift is a TREMENDOUS help to the hospital, there are plenty of middle class individuals who are giving the same, or more, % of their earnings to charity as well.
So kudos to Kirk and Mary, absolutely. But kudos to all of those as well who donate to charitable causes.
No...just too soon.That's a great donation, good for Kirk for giving back. We should also applaud the Iowa AD he donated several million to a nice lesbian couple. Too Far???
He and has wife have been extremely generous in donating their time, talent, and treasure to the University that has, in their own right, been very good to them over the last 18 years.
At the same time, it's also a matter of perspective. Off the top of my head, I can remember a gift of $100k back in the first few years of his tenure, a $500k gift maybe 4 or 5 years ago and then this one for $1M. Those major gifts amount to $1.6M. By my quick calculation, I figure Ferentz has earned about $40M during his 18 years as head coach. $1.6M in major gifts out of $40M in lifetime earnings comes to right at 4%. If you take an average family salary of, say, $75,000/year, over 18 years that would be $1.35M. 4% of that would be $54,000. Spread over 18 years, that would be $3,000/year.
So at the end of the day, while the amount of the gift is a TREMENDOUS help to the hospital, there are plenty of middle class individuals who are giving the same, or more, % of their earnings to charity as well.
So kudos to Kirk and Mary, absolutely. But kudos to all of those as well who donate to charitable causes.
So what you are saying is, the guy who gives the big gifts, never gives any small ones. I have a sneaky feeling that KF and Mary are very generous givers of time and money on an annual basis. Publicity only comes when it's of major consequence. This is a democracy, however, and we need people like you to argue the other side of virtue.He and has wife have been extremely generous in donating their time, talent, and treasure to the University that has, in their own right, been very good to them over the last 18 years.
At the same time, it's also a matter of perspective. Off the top of my head, I can remember a gift of $100k back in the first few years of his tenure, a $500k gift maybe 4 or 5 years ago and then this one for $1M. Those major gifts amount to $1.6M. By my quick calculation, I figure Ferentz has earned about $40M during his 18 years as head coach. $1.6M in major gifts out of $40M in lifetime earnings comes to right at 4%. If you take an average family salary of, say, $75,000/year, over 18 years that would be $1.35M. 4% of that would be $54,000. Spread over 18 years, that would be $3,000/year.
So at the end of the day, while the amount of the gift is a TREMENDOUS help to the hospital, there are plenty of middle class individuals who are giving the same, or more, % of their earnings to charity as well.
So kudos to Kirk and Mary, absolutely. But kudos to all of those as well who donate to charitable causes.
So what you are saying is, the guy who gives the big gifts, never gives any small ones. I have a sneaky feeling that KF and Mary are very generous givers of time and money on an annual basis. Publicity only comes when it's of major consequence. This is a democracy, however, and we need people like you to argue the other side of virtue.
Did you need some attention? Do you show up at funerals and say "yea he was great but all these other people were probably better?" Come on, show some class.He and has wife have been extremely generous in donating their time, talent, and treasure to the University that has, in their own right, been very good to them over the last 18 years.
At the same time, it's also a matter of perspective. Off the top of my head, I can remember a gift of $100k back in the first few years of his tenure, a $500k gift maybe 4 or 5 years ago and then this one for $1M. Those major gifts amount to $1.6M. By my quick calculation, I figure Ferentz has earned about $40M during his 18 years as head coach. $1.6M in major gifts out of $40M in lifetime earnings comes to right at 4%. If you take an average family salary of, say, $75,000/year, over 18 years that would be $1.35M. 4% of that would be $54,000. Spread over 18 years, that would be $3,000/year.
So at the end of the day, while the amount of the gift is a TREMENDOUS help to the hospital, there are plenty of middle class individuals who are giving the same, or more, % of their earnings to charity as well.
So kudos to Kirk and Mary, absolutely. But kudos to all of those as well who donate to charitable causes.
And by the way, I personally love that this guy is coaching the football team I cheer for. I am convinced, not just from this donation, but from a lot of other data as well, that he is a great person. There are probably a lot of other coaches out there who are great people, but it is still nice to have one leading your team.