Record breaking fundraising year
- Thread starter devcon
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161% YoY is HUGE. No wonder we are matching F$U on Josh Petty's NIL offer.
You see how much of this is funneling to the men's basketball program given the logos CDS has us competing against in recruiting. Never thought I'd see Tech in recruits Top 4s against Kansas, Kentucky, UNC, Duke, etc. I think basketball pulls us into the Big Ten or Big 12 now that we've established the OTE pipeline - big things coming to McCamish and you still have a chance to get in on the ground floor if you haven't yet.
You see how much of this is funneling to the men's basketball program given the logos CDS has us competing against in recruiting. Never thought I'd see Tech in recruits Top 4s against Kansas, Kentucky, UNC, Duke, etc. I think basketball pulls us into the Big Ten or Big 12 now that we've established the OTE pipeline - big things coming to McCamish and you still have a chance to get in on the ground floor if you haven't yet.
roadkill
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This is encouraging for our future. J. Batt doing what he was hired to do.
From the link: "...nearly 90% came in the form of non-seat related gifts, including more than 20 gifts of $1 million or more." This compares to $22M total the prior year, which itself was a relatively good year.
Where is he finding these donors? Definitely wasn't me although I try to give generously by my standards.
From the link: "...nearly 90% came in the form of non-seat related gifts, including more than 20 gifts of $1 million or more." This compares to $22M total the prior year, which itself was a relatively good year.
Where is he finding these donors? Definitely wasn't me although I try to give generously by my standards.
RonJohn
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He isn't simply looking for large donors. At the FSU game in 2022 and Ole Miss game last year he was walking up and down the GT visitors section talking to and shaking hands with everyone that he could before the game, until he ran out of time. Not saying that he doesn't spend more time with large donors, but he tries to engage with everyone. I think the openness and ability to connect with people helps, with small donors and large donors alike. When you meet him, he comes across as a guy who you believe can lead the athletic association. He has what in music or acting would be called the "it" factor.
Techster
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When Stansbury was let go, and Batt was hired, I heard there was an emphasis to get away from being too dependent on GT's usual mega donors who have historically had too large of a say in the Athletic Department. We saw some of the "bad" in depending on a small number of large donors when Batt and Cabrera searched for our head football coach. You guys can relive the drama in the old coaching search thread.
Overall, growing GT's source of donors and revenue is nothing but good for us. It's great seeing the tangible results a short period after Batt was hired. Now imagine how much more fruitful it will be in a few years after Batt has deepened his roots in the GT and Atlanta business community, and Key/Stoudamire are winning consistently. Remember, it hasn't been long since Batt was hired.
stinger78
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Take the Batt Hat off and take a bow!
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Alexander-Tharpe Fund Raises more than $78 Million in 2024 Fiscal Year, Shatters Single-Year Record For GT
Georgia Tech has just announced some huge news regarding fundraising. The Alexander-Tharpe Fund, Georgia Tech athletics’ fundraising arm has contributed a reco
alagold
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Pretty impressive.
LT 1967
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See the AJC article (Chad Bishop) below concerning the fundraising.
www.ajc.com
Georgia Tech’s record-breaking fundraising ‘a reflection of excitement, commitment’
Ninety percent of the record $78 million came in the form of gifts not accompanying football or basketball tickets. More than 20 donations were $1 million or more.
GTJake
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My feeling is, based on recent recruiting and athletic news, those of us that have been in it for the long-haul and roller coaster rides of mostly bad rides over the last recent years are in for a very exciting ride in the near future ...
AugustaSwarm
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Obviously our Get Bak coach has too much disposable income...Amirite???
dmurdock
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I signed up for the Alumni tailgate at the bowl game last year and had the opportunity to shake Batt's hand and tell him he's doing a great job. I don't know how long he was there but he was shaking hands and talking to whoever approached him.
roadkill
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I am encouraged by Batt’s efforts to expand our donor base, but I think it’s likely that the 80/20 rule still applies.
If our small group of mega-donors had undue influence over the GTAA, perhaps now we have a large group of mega-donors, such that any single individual’s influence is more diluted.
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A-T Fund Shatters Single-Year Fundraising Record
Georgia Tech athletics raises more than $78 million in FY24, a 161% increase over previous year
ramblinwreck.com
I've been able to see him on 2 separate occasions at events and each time I say he's doing a great job and the fans ae behind him and he stops, comes and shakes my hand and tells me he appreciates me and the other fans as well. Look, I give less than $500 to GTAA and do the $25 per month to Tech Way. I'm not a major donor by any measure and yet when he did that, it made me feel like I was the one giving him all the money to call the shorts. We got us a real one in J Batt.
takethepoints
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Yes and this is fundraising 101. The basic idea is a crowd effect. Big donors like to feel like they are part of a general commitment by the entire fan base. The more money you get from the regular Tech fan, the more money they feel they can - and ought to - give. There's also the economy; if the country had tipped into a recession, as many predicted, there wouldn't be as many big, fat, willing hands around.
But it's the small donors that create the momentum. There's a reason every fundraising pitch begins with how even a minimal donation counts.
AugustaSwarm
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There's a swell of enthusiasm around the program that I have never seen. For once in my life, I feel like we have the pieces in place to capitalize on the momentum - from Cabrera to Batt to Key to Stoudamire. LFG!
iceeater1969
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What a great idea for replacing " money down" ! Dress up 12 frat guys in the student section for the tv shot on third down.Living in that van down by the river frees up a lot of donatable cash.
Next phase of money to gtaa needs to be fun and compétitive within ga tech family.
Perhaps fun ticket buy contest
the gt research group = 1,000,000,000$/ year
Profs and adnmin.
Large gt paid contractors.
Alunml within 50 miles.
TampaBuzz
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That would be a lot better than showing "ghetto jacket" on those shots. I personally find the guy to be an insult to GT and the vibrant area where it is located. Techwood Homes were plowed under almost 40 years ago.