Re: Bresciani's 2013 State of the University
Originally Posted by
Hammersmith
The stated purpose of Team Makers is to raise money for scholarships. TM has really kicked up their game in the DI era, but they still can't cover all the scholarships. Prior to DI, TM was donating around $700k to the athletic department. Very quickly, they raised that number to $2.1M. In the last several years, the increased football season tickets sales have helped boost things a little further since many of those seats come along with TM dues. The annual donation is now in the $2.5M-$2.8M range. But the total cost of scholarships is around $3.0M. I thought it was more, but that's the number from the USA Today database. That quarter to half mil shortfall comes from internal money. I don't know if the scholarship money is pulled from a specific source or whether all the institutional support is handled as a single pool of funds. If I had to guess, I'd say the scholarship money comes from the university support allocation which is a mix of tuition, state dollars, and auxiliary revenue. But that's just a guess. If all goes well, TM will raise enough money within the next several years to start covering 100% of the scholarship costs and then some.
Then what? Would the excess go into a "rainy day fund" incase there are shortfalls in future years?
Some say it's a backward place. Narrow minds on a narrow way, but I make it a point to say. That that's where I come from.