IMO, if you want to support scholarships through an endowment, donate to the football endowment directly. They already have a solid number to work with and it eases the burdon for Teammakers. I imagine the collective wants to build the membership first but I'm only speculating
A collective endowment would take a huge donor with a limited short term payout. Example a half million dollar endowment with a 5-6% return is only $25,000 a year max. Probably less. What would 25k get you? 1 student athlete would get a full year tuition, room, board, meals & books.
Where it gets tricky is allocating it. It almost has to be someone on the roster who is a walk on or partial. It's more challenging to offer a new recruit a full ride because they arent on the roster yet.
I like the idea of finding sponsors to offer grants to upgrade partial scholarships. When you upgrade 2 half scholarships to a 3/4 or full ride, that opens up 1 to 1 - 1/2 scholarships for new recruits.
So a $25k donation could give more bang for the buck
Getting sponsors to donate towards a collective scholarship fund seems more practical and an easier sell. It's affordable advertising. Simply put there are more businesses willing to drop 25k than 500k. What good advertising. On behalf of Pro Seed (or pick a random Ag company), the collective would like to offer you a $2,500 grant
Also NDSU should take advantage of the free tuition program for families who make less than 80k. This is for any ND or MN resident
Last edited by HerdBot; 01-06-2024 at 12:09 AM.
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17X National Champions: 65, 68, 69, 83, 85, 86, 88, 90, 11, 12, 13, 14, 15, 17, 18, 19, 21
Join the Green and the Gold Collective to take Bison football to the next level. Starts at $10 a month
The Green and The Gold Collective is excited to announce our #DriveToFive membership campaign. The goal of this campaign is to get to 500 monthly members. Reaching this goal will help us provide financial support to NDSU student athletes, including every returning member of the football team that saw action on the field last year!
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I know UT has one of the largest endowments and they are finding scholarships with a fraction of the interest.
I know being well endowed isn't everything and not from personal experience. Delaware supposedly has this awesome endowment, yet their athletic budget is almost 90% funded with government money. NDSU's doing something right and continuing to grow those programs like endowments will do nothing but help.
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I'm not an expert on this but here is my understanding.
Yes, we are "fully funded" in the sense that we raise money and utilize the full amount of scholarships allowed. However, a big chunk of these funds have to be raised each year through TMs dues, which keeps a lot of pressure and has some element of risk.
Raising the endowments to a level that scholarship could be funded in perpetuity would take the pressure off and make it easier to move to FBS because then TM funds could be used for other things.
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No.
Teammakers pays for the scholarships. The athletics scholarship endowment is growing, but isnt big enough to fund 100%, so Teammakers makes up the difference The goal is to get it to that point so Teammakers can use their revenue for other projects.
https://www.inforum.com/sports/bison...ver-70-million
NDSU's athletic scholarship endowment quietly goes over $70 million
Hope is to reach $125 million that would annually fund all 192 full rides
The Collective can help go above and beyond the 63 full rides since it's a private business
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17X National Champions: 65, 68, 69, 83, 85, 86, 88, 90, 11, 12, 13, 14, 15, 17, 18, 19, 21
Join the Green and the Gold Collective to take Bison football to the next level. Starts at $10 a month
The Green and The Gold Collective is excited to announce our #DriveToFive membership campaign. The goal of this campaign is to get to 500 monthly members. Reaching this goal will help us provide financial support to NDSU student athletes, including every returning member of the football team that saw action on the field last year!
https://thegreenandthegold.com
Just to be thorough, referencing that linked article in post #17, the NDSU athletic department offers 192 scholarships, 63 of which are allocated to football. I assume they all cost the same amount.
Don't believe everything you think.