Remember Rubbermaid ?
I think we all know the answer to your final question. It is part of the unbroken circle that generates The Narrative.
I disagree a little. Yes, it's more effective if your only goal is to raise funds. But many of those chapters have weekly and monthly meetings where coaches, AD staff, and others engage. It builds awareness and participation, not just funding. If you really want a fanbase, that's where to start.
I'm not sure where you're getting your numbers, I was looking at this. Investment income is in the $600-700K range. But capital contributions = 3.2M and permanent endowment contributions were $5.1M in 2022.
Yours is more recent than mine.
Not disputing your overall point as it relates to our lack of headroom for salaries, but I am having trouble reconciling the Knight database info here: https://knightnewhousedata.org/fbs/...f-technology#!quicktabs-tab-where_the_money-1 with figures from the GT Financial Statement linked by @TechPhi97. Obviously, the GT statement is a valid source, but we've used Knight as a reference as well.
You’d have to go line by line. Institutional support is interesting. It’s recognized as Revenue, but in reality, it’s a non cash fee waiver.
This is a misleading comment. The correct comment was that ESPN and others wanted an SEC team in the 4-team playoff, and this was the only way to accomplish it. Either undefeated FSU or undefeated Washington was going to have to be left out. FSU's QB getting hurt gave them an avenue to argue it (although a weak argument). Had uga won, FSU would have been in the 4-team playoff. Had Texas, Washington, or Michigan lost in their championship game, FSU would have been in the 4-team playoff. Had Auburn beat Alabama and Alabama beat uga, uga and FSU would have been in the 4-team playoff.
I don't think it's that they don't care, I think it's more that they feel there are better uses of their money than to give it to an organization designed to cater to a bunch of teenagers so that they can beat their chest and proclaim that their alma mater is better than everyone else's. Right or wrong, that tends to be some of the sentiment.
In the context of donating to college football, “They don’t care” is pretty much synonymous with “they feel there are better uses of their money….”
That group exists as well, but I'm more talking about the portion of alumni who don't have any interest in football, which is a significant chunk. I interviewed a recent Tech grad the other week who was the stereotypical Tech nerd - very smart, and very into things like cosplay and DragonCon. I asked him if he watched Tech this past season and he said no, he has no interest in football. Battlebots and jousting at the Renaissance Fair were more up his alley. There are tons of alumni who, like him, have zero interest in football in general, and you are going to be pretty hard-pressed to get them interested, much less donating to Tech football.
Always wondered if it would be worth the resources and effort to market to these guys while they are still in school, extolling the virtues of nerd-level Xs and Os strategy and comparing it to board games.
Dunno is this is really true, but I've heard it said that Tech's money men would rather have their name on the side of a research lab than an athletic facility.
Bingo! How soon we forget.
The company I work with is almost all Tech guys. It’s a small company and there are 7 Tech grads that I know of, including me. I believe I’m the only one who thinks about football. I’m one of two who even wear GT gear. One of them even asked once if everything I own has a GT on it. Only one other guy ever wears anything with a GT on it. Every one of them is making a whole lot of money.
