Home
Articles
Photos
Interviews
Forums
New posts
Search forums
Georgia Tech Recruiting
Dashboard
What's new
New posts
New profile posts
Latest activity
Chat
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Georgia Tech Athletics
Georgia Tech Football
Conference Realignment
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Tommy_Taylor_1972" data-source="post: 999049" data-attributes="member: 6776"><p>Actually, according to their mission statement in their 2019 budget, <strong>GTAA </strong>is a separate corporation from Georgia Tech, </p><p><a href="https://finance.gatech.edu/sites/default/files/2022-06/georgia_tech_athletic_association_fs_6_30_19-final.pdf" target="_blank">https://finance.gatech.edu/sites/default/files/2022-06/georgia_tech_athletic_association_fs_6_30_19-final.pdf</a> (an interesting read if you are an accountant or shareholder). I can envision the president nor athletic director actually can influence fund raising, but their performance can, since alumni and corporations like to give more for successful academic and athletic programs.</p><p></p><p>"The <strong>Georgia Tech Athletic Association </strong>(“The Association”) is a non-profit corporation organized in 1934 (along with the Letterman/T club)to administer the intercollegiate athletic programs of the <strong>Georgia Institute of Technology (“Georgia Tech”</strong></p><p><strong>or “the Institute”).</strong></p><p>The primary purpose of the Association is to promote the educational programs of Georgia Tech</p><p>through student body participation in “healthful exercises, recreations, athletic games and contests”.</p><p>Although the Association is a separate entity from Georgia Tech, its role of providing the intercollegiate</p><p>athletic programs at Georgia Tech is functionally indistinguishable from the role that athletic</p><p>departments of other major U.S. universities provide for their respective universities.</p><p>The Association “develops the young people who will change the world”. Its mission is to “inspire and</p><p>empower student-athletes to be champions in academics, competition, and life” while emphasizing four</p><p>core values – excellence, innovation, teamwork, and character.</p><p></p><p>The <strong>Alexander-Tharpe Fund,</strong> Inc. (the “AT Fund”) contributes funds, as available, to the Association to</p><p>support student athletes. This support includes financial assistance in the form of scholarships, program</p><p>support, and facilities improvements. Due to their interrelationship, the AT Fund is included in the</p><p>Association’s financial statements as a blended-component unit." The A/T fund pays the in-state tuition, room, board, and books for approximately 217 GT scholarships for athletes (~$56,000/yr), while the GT institute pays the GTAA for the difference for out-of-state and international scholarship athletes (~+$30,000 each). With current costs, I figure our men's basketball team or 14 staff and 16 players has an</p><p></p><p>The primary components of noncurrent assets to the GTAA are capital assets, long-term investments held by the</p><p><strong>Georgia Tech Foundation </strong>(“the Foundation”, another non-profit corporation), and long term pledges and other investments. The foundation operates the Tech <strong>Roll Call </strong>gifting. They operate the Blackbaud CRM (customer relationship manager) online database for Tech alumni and donors and have assigned account managers for the high-end donors. </p><p></p><p>Then, there is the NIL collective <strong>The Tech Way</strong> who collects money to be held and paid by SANIL, an private non-tax exempt company who is one of two major NIL companies for US colleges.</p><p></p><p>The <strong>Georgia Tech Alumni Association</strong> is the official <a href="https://en.wikipedia.org/wiki/Alumni_association" target="_blank">non-profit incorporated alumni association</a> for the <a href="https://en.wikipedia.org/wiki/Georgia_Institute_of_Technology" target="_blank">Georgia Institute of Technology</a> (Georgia Tech). Originally known as the <strong>Georgia Tech National Alumni Association</strong>, it was chartered in June 1908 and incorporated in 1947. As of September 2019, there were approximately 166,000 living alumni of Georgia Tech. Since 2006, Georgia Tech alumni have given between $30 million to $40 million a year, providing about 30 to 40 percent of the institute's development funds. Then Georgia Tech was ranked third in alumni giving among public universities, and 26th overall. The alumni association maintains contract though registrar records of all graduates. If every alumni gave $300 per year, the donations for GT development would rise 20%.</p><p></p><p>So all the fund raising activities for Georgia Tech, outside what it receives from taxpayers through the state <strong>Board of Regents</strong>, operate as separate entities in support of mother ship Georgia Tech the institute, and have their separate boards and chief executives. And I suspect they individually compete for donations. I wonder how much the AD and the president actually have influence over the donations and who to give what to where. So maybe this is a non-matter of concern. The wealthy people are likely courted by all. I am not wealthy, but I do know that all correspondence I receive from Georgia Tech have a place to click on at the end to give money.</p><p></p><p>I learned all I know about all this on the internet and have a couple friends on various boards, but we do not discuss these things. Being a military retiree and on social security, I give a small amount to the Roll Call and The A/T fund. I sincerely do appreciate the GT basketball scholarship in 1968 when tuition was $400 a quarter (from what I heard), got a free room in Towers Dorm where my dad stayed in 1930, and ate my meals at Miss Twiggs Tavern training table on the NE end of Grant field and I somehow got out in 12 quarters. Without that scholarship, I would still be a chicken farmer in Southwest Georgia. Wait a minute, I am now moved up to being a retired pecan farmer in Southwest Georgia, but what a ride getting back to there. Life is good.</p></blockquote><p></p>
[QUOTE="Tommy_Taylor_1972, post: 999049, member: 6776"] Actually, according to their mission statement in their 2019 budget, [B]GTAA [/B]is a separate corporation from Georgia Tech, [URL]https://finance.gatech.edu/sites/default/files/2022-06/georgia_tech_athletic_association_fs_6_30_19-final.pdf[/URL] (an interesting read if you are an accountant or shareholder). I can envision the president nor athletic director actually can influence fund raising, but their performance can, since alumni and corporations like to give more for successful academic and athletic programs. "The [B]Georgia Tech Athletic Association [/B](“The Association”) is a non-profit corporation organized in 1934 (along with the Letterman/T club)to administer the intercollegiate athletic programs of the [B]Georgia Institute of Technology (“Georgia Tech” or “the Institute”).[/B] The primary purpose of the Association is to promote the educational programs of Georgia Tech through student body participation in “healthful exercises, recreations, athletic games and contests”. Although the Association is a separate entity from Georgia Tech, its role of providing the intercollegiate athletic programs at Georgia Tech is functionally indistinguishable from the role that athletic departments of other major U.S. universities provide for their respective universities. The Association “develops the young people who will change the world”. Its mission is to “inspire and empower student-athletes to be champions in academics, competition, and life” while emphasizing four core values – excellence, innovation, teamwork, and character. The [B]Alexander-Tharpe Fund,[/B] Inc. (the “AT Fund”) contributes funds, as available, to the Association to support student athletes. This support includes financial assistance in the form of scholarships, program support, and facilities improvements. Due to their interrelationship, the AT Fund is included in the Association’s financial statements as a blended-component unit." The A/T fund pays the in-state tuition, room, board, and books for approximately 217 GT scholarships for athletes (~$56,000/yr), while the GT institute pays the GTAA for the difference for out-of-state and international scholarship athletes (~+$30,000 each). With current costs, I figure our men's basketball team or 14 staff and 16 players has an The primary components of noncurrent assets to the GTAA are capital assets, long-term investments held by the [B]Georgia Tech Foundation [/B](“the Foundation”, another non-profit corporation), and long term pledges and other investments. The foundation operates the Tech [B]Roll Call [/B]gifting. They operate the Blackbaud CRM (customer relationship manager) online database for Tech alumni and donors and have assigned account managers for the high-end donors. Then, there is the NIL collective [B]The Tech Way[/B] who collects money to be held and paid by SANIL, an private non-tax exempt company who is one of two major NIL companies for US colleges. The [B]Georgia Tech Alumni Association[/B] is the official [URL='https://en.wikipedia.org/wiki/Alumni_association']non-profit incorporated alumni association[/URL] for the [URL='https://en.wikipedia.org/wiki/Georgia_Institute_of_Technology']Georgia Institute of Technology[/URL] (Georgia Tech). Originally known as the [B]Georgia Tech National Alumni Association[/B], it was chartered in June 1908 and incorporated in 1947. As of September 2019, there were approximately 166,000 living alumni of Georgia Tech. Since 2006, Georgia Tech alumni have given between $30 million to $40 million a year, providing about 30 to 40 percent of the institute's development funds. Then Georgia Tech was ranked third in alumni giving among public universities, and 26th overall. The alumni association maintains contract though registrar records of all graduates. If every alumni gave $300 per year, the donations for GT development would rise 20%. So all the fund raising activities for Georgia Tech, outside what it receives from taxpayers through the state [B]Board of Regents[/B], operate as separate entities in support of mother ship Georgia Tech the institute, and have their separate boards and chief executives. And I suspect they individually compete for donations. I wonder how much the AD and the president actually have influence over the donations and who to give what to where. So maybe this is a non-matter of concern. The wealthy people are likely courted by all. I am not wealthy, but I do know that all correspondence I receive from Georgia Tech have a place to click on at the end to give money. I learned all I know about all this on the internet and have a couple friends on various boards, but we do not discuss these things. Being a military retiree and on social security, I give a small amount to the Roll Call and The A/T fund. I sincerely do appreciate the GT basketball scholarship in 1968 when tuition was $400 a quarter (from what I heard), got a free room in Towers Dorm where my dad stayed in 1930, and ate my meals at Miss Twiggs Tavern training table on the NE end of Grant field and I somehow got out in 12 quarters. Without that scholarship, I would still be a chicken farmer in Southwest Georgia. Wait a minute, I am now moved up to being a retired pecan farmer in Southwest Georgia, but what a ride getting back to there. Life is good. [/QUOTE]
Insert quotes…
Verification
The 2014 ACC Football Championship was played in what city?
Post reply
Home
Forums
Georgia Tech Athletics
Georgia Tech Football
Conference Realignment
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top