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<blockquote data-quote="slugboy" data-source="post: 998652" data-attributes="member: 282"><p>Average wealth may not show you what you need for donations. When it comes to wealth, you have a long tail at the upper end, where those people are capable of donating a lot more—they have more disposable wealth. </p><p></p><p>Tech has a lot of millionaires, but a million bucks doesn’t go as far as it used to.</p><p></p><p>A lot of big wealth is in real estate, the financial industry, auto dealerships, medium sized businesses, law, medicine, and other areas. Individually, sales is an area where people have a lot of individual income. Those are places where we have fewer alumni than other schools.</p><p></p><p>Having even a poorly run business like the LifeWallet guy can be a source of a lot of donations or spend.</p><p></p><p>How many billionaire or near-billionaire alumni do we have, and how many are giving to the AA?</p><p></p><p>That’s the kind of donor that FSU, Bama, Texas, Ohio State, Penn State, and the factories have. Even schools like Arkansas and Wichita State. </p><p></p><p>I don’t think we have a big demographic like THAT</p><p></p><p></p><p></p><p>I said that was a bad move at the time. A good sales plan will have a mix of consistent sales, plus the occasional “whales” or big deals. You should have both. </p><p></p><p>With the alumni and fan base we have, a strong booster club of people who give $100 or $500 a year will provide a good foundation.</p><p></p><p>Plus, that’s a good way to knock out your debt ratio. The big boosters want their name on a building. The general fund is the one that wipes out debt.</p></blockquote><p></p>
[QUOTE="slugboy, post: 998652, member: 282"] Average wealth may not show you what you need for donations. When it comes to wealth, you have a long tail at the upper end, where those people are capable of donating a lot more—they have more disposable wealth. Tech has a lot of millionaires, but a million bucks doesn’t go as far as it used to. A lot of big wealth is in real estate, the financial industry, auto dealerships, medium sized businesses, law, medicine, and other areas. Individually, sales is an area where people have a lot of individual income. Those are places where we have fewer alumni than other schools. Having even a poorly run business like the LifeWallet guy can be a source of a lot of donations or spend. How many billionaire or near-billionaire alumni do we have, and how many are giving to the AA? That’s the kind of donor that FSU, Bama, Texas, Ohio State, Penn State, and the factories have. Even schools like Arkansas and Wichita State. I don’t think we have a big demographic like THAT I said that was a bad move at the time. A good sales plan will have a mix of consistent sales, plus the occasional “whales” or big deals. You should have both. With the alumni and fan base we have, a strong booster club of people who give $100 or $500 a year will provide a good foundation. Plus, that’s a good way to knock out your debt ratio. The big boosters want their name on a building. The general fund is the one that wipes out debt. [/QUOTE]
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