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http://stthomassource.com/content/news/local-news/2015/10/24/uvi-denied-accreditation-med-school
I guess you all saw this. What do you think?
Posted : October 25, 2015 9:54 am
Unfortunate - maybe - but not totally unexpected. Insufficient attention to detail and the possibility of underlying personal gain rather than the "greater good".
Posted : October 25, 2015 10:12 am
The University of Central Florida is less than ten years old - that may be the reason to reject the curriculum. It may have been better to affiliate all the services with the University of SOUTH Florida, which is a huge, established medical school with strong ties to the medical establishment.
One thing that could be emulated from UCF, however, is a commitment to provide FULL tuition/fees/books scholarships for every student in the inaugural class for at least the first year. To do this, UVI's advancement team should to be devoted to building funds for the medical school - UVI needs to hire at least one fundraiser, with significant real world experience, to do nothing but look for these monies.
Starting a medical school requires A list fundraising. For instance, the University of SOUTH Florida is planning to move its medical school facility from campus to downtown Tampa and is in process of hiring 19 fundraisers devoted to this effort.
Medical education takes an enormous devotion of effort on behalf of a university's administration, board, and community. A one time commitment of $30 million will not sustain an enterprise like this over time if you have to build facility, hire competent faculty, and recruit students.
Posted : October 25, 2015 10:26 am
This whole Medical School thing and its associated $30 million "gift" has always smelled bad to me.
Posted : October 26, 2015 11:21 am
Perhaps that's not the link you thought it was Alana33!
Posted : October 26, 2015 12:01 pm
just a minor correction...
Posted : October 26, 2015 12:29 pm
Topic starter
This whole Medical School thing and its associated $30 million "gift" has always smelled bad to me.
I thought so to, especially after learning it wasn't actually a gift but a loan repayment.
Posted : October 26, 2015 2:08 pm
Very sketchy....
Posted : October 26, 2015 4:37 pm
This whole Medical School thing and its associated $30 million "gift" has always smelled bad to me.
I thought so to, especially after learning it wasn't actually a gift but a loan repayment.
This wasn't a bad gift - it was a pledge with a five year payment schedule. UVI chose to borrow against that pledge. In non-profit world, that $30 million was booked when it was given so it's real revenue. In the world of big philanthropy, you usually don't see money in one fat check. UVI leveraged that anticipated revenue just as any business would.
The problem I see is there hasn't been much success raising the next $10 million mentioned on the UVI Foundation web pages. That $10 million is for scholarships/student recruitment. UVI's fundraising staff does not have enough manpower or expertise with mega philanthropy to stoke the medical school's needs in addition to funding the on-going real needs of UVI in general.
With that said, David Hall should be out fronting a campaign to bring this vision to reality. Having a medical school and associated enterprise would, eventually, improve the health and economic well-being of many Virgin Islanders.
Posted : October 26, 2015 6:19 pm
So, Gator's mom, hopefully you can figure out a way to help them get the other $10 million. Seriously. The VI needs help from everybody everywhere IMO.
Posted : October 26, 2015 9:03 pm
In non-profit world, that $30 million was booked when it was given so it's real revenue.
Revenue? Revenue? LOL. Do you know who Chirinjeev Kathuria is? I needed a good laugh. How does an agreement from a company to help out with an institution's debt = "real revenue?"
Nothing was booked. Nothing will be booked. An agreement from a company to help out with a loan (while the VI taxpayers pay 1 million a year in interest payments) does not equal a gift pledge. When have you heard of a gift pledge requiring a non-profit organization (UVI) to borrow $30 million against its most valuable assets? Especially as its ability to bring in funds has diminished greatly due to decreased enrollment? It was a dumb idea from the beginning.
Dr. Hall never had a chance.
Posted : October 27, 2015 2:13 am
In non-profit world, that $30 million was booked when it was given so it's real revenue.
Revenue? Revenue? LOL. Do you know who Chirinjeev Kathuria is? I needed a good laugh. How does an agreement from a company to help out with an institution's debt = "real revenue?"
Nothing was booked. Nothing will be booked. An agreement from a company to help out with a loan (while the VI taxpayers pay 1 million a year in interest payments) does not equal a gift pledge. When have you heard of a gift pledge requiring a non-profit organization (UVI) to borrow $30 million against its most valuable assets? Especially as its ability to bring in funds has diminished greatly due to decreased enrollment? It was a dumb idea from the beginning.
Dr. Hall never had a chance.
http://virginislandsdailynews.com/news/senate-grills-uvi-s-hall-over-med-school-loan-1.1939578
Posted : October 27, 2015 1:16 pm
More outrage masking ignorance. The gift is real and the financing arrangement was a surprisingly clever way to utilize the gift in useful way for an institution with heavy front-end obligations.
Gator's Mom, if I ever build anything big I want you on my team!
In non-profit world, that $30 million was booked when it was given so it's real revenue.
Revenue? Revenue? LOL. Do you know who Chirinjeev Kathuria is? I needed a good laugh. How does an agreement from a company to help out with an institution's debt = "real revenue?"
Nothing was booked. Nothing will be booked. An agreement from a company to help out with a loan (while the VI taxpayers pay 1 million a year in interest payments) does not equal a gift pledge. When have you heard of a gift pledge requiring a non-profit organization (UVI) to borrow $30 million against its most valuable assets? Especially as its ability to bring in funds has diminished greatly due to decreased enrollment? It was a dumb idea from the beginning.
Dr. Hall never had a chance.
Posted : October 27, 2015 1:51 pm
