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Expansion Talk 2021
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<blockquote data-quote="RonJohn" data-source="post: 815824" data-attributes="member: 2426"><p>The USAToday reports on finances are based on reports from actual revenue. The numbers stated in the article use "gifts and commitments". The article states that 2019 "gifts and commitments" were above $48 million, but the actual documentation filed with the NCAA says that revenue from contributions to the athletic department was $13 million. There is also a $16 million in "other", which I believe includes such things as revenue from endowments. (Clemson listed $9 million) 16 plus 13 equals 29, which is less than 48. The numbers in the article add in things like multi-year pledges, and legacy gifts that people put in their wills. There is nothing wrong with touting such numbers. TStan has been doing a very good job of getting people to donate and to pledge donations. The GTAA needs to market that, and we need for it to continue. However, if you want to compare donations, you can't take actual cash donations to Clemson and compare those to actual and pledged donations to GT.</p><p></p><p>We will have to wait a couple of years for all of the athletic department filings to be completed, but I highly suspect that the 2019-2020 and 2020-2021 actual donations will be higher across that time period because of the COVID impacts.</p></blockquote><p></p>
[QUOTE="RonJohn, post: 815824, member: 2426"] The USAToday reports on finances are based on reports from actual revenue. The numbers stated in the article use "gifts and commitments". The article states that 2019 "gifts and commitments" were above $48 million, but the actual documentation filed with the NCAA says that revenue from contributions to the athletic department was $13 million. There is also a $16 million in "other", which I believe includes such things as revenue from endowments. (Clemson listed $9 million) 16 plus 13 equals 29, which is less than 48. The numbers in the article add in things like multi-year pledges, and legacy gifts that people put in their wills. There is nothing wrong with touting such numbers. TStan has been doing a very good job of getting people to donate and to pledge donations. The GTAA needs to market that, and we need for it to continue. However, if you want to compare donations, you can't take actual cash donations to Clemson and compare those to actual and pledged donations to GT. We will have to wait a couple of years for all of the athletic department filings to be completed, but I highly suspect that the 2019-2020 and 2020-2021 actual donations will be higher across that time period because of the COVID impacts. [/QUOTE]
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