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Thread: Athletic Enhancement Endowment

  1. #211
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    Re: Athletic Enhancement Endowment

    Tech 78, can we get an update on the endowment numbers? Thanks.

  2. #212
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    Re: Athletic Enhancement Endowment

    The balance on hand August 31, 2016 will be used for the July '17 payout.

    The endowment was started in January 2007. The first payout to athletics was made for the '08--'09 academic year. The Foundation Board sets the percentage each year. The payout amount is based on the endowment's corpus from the previous year's August 31 balance.

    Balance of the Endowment on August 31, 2014 was $92,640 which was used to determine 2015-16 payout of $3,706.
    Balance of the Endowment on August 31, 2015 was $100,650 which was used to determine 2016-17 payout of $4,026.

    The payout history for the endowment:

    2008-2009 -- $ 981 for Athletics ticketing system
    2009-2010 -- $ 683 for Athletics facilities landscaping improvements
    2010-2011 -- $1,111 for Tech logos at JAS
    2011-2012 -- $1,871 for equipment updates for sports medicine / trainers
    2012-2013 -- $2,165 lights for soccer field
    2013-2014 -- $2,473 athletic's scholarship fund
    2014-2015 -- $3,310 Sport and Movement Laboratory
    2015-2016 -- $3,706 Sport and Movement Laboratory
    2016-2017 -- $4,026 Soccer / Tennis Locker Room Renovation


    Total to date $20,326 paid out.
    Donate to the Athletics Enhancement Endowment

  3. #213
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    Re: Athletic Enhancement Endowment

    Quote Originally Posted by Tech78 View Post
    The balance on hand August 31, 2016 will be used for the July '17 payout.

    The endowment was started in January 2007. The first payout to athletics was made for the '08--'09 academic year. The Foundation Board sets the percentage each year. The payout amount is based on the endowment's corpus from the previous year's August 31 balance.

    Balance of the Endowment on August 31, 2014 was $92,640 which was used to determine 2015-16 payout of $3,706.
    Balance of the Endowment on August 31, 2015 was $100,650 which was used to determine 2016-17 payout of $4,026.

    The payout history for the endowment:

    2008-2009 -- $ 981 for Athletics ticketing system
    2009-2010 -- $ 683 for Athletics facilities landscaping improvements
    2010-2011 -- $1,111 for Tech logos at JAS
    2011-2012 -- $1,871 for equipment updates for sports medicine / trainers
    2012-2013 -- $2,165 lights for soccer field
    2013-2014 -- $2,473 athletic's scholarship fund
    2014-2015 -- $3,310 Sport and Movement Laboratory
    2015-2016 -- $3,706 Sport and Movement Laboratory
    2016-2017 -- $4,026 Soccer / Tennis Locker Room Renovation


    Total to date $20,326 paid out.
    Congratulations Tech78 on having over a $100K in the endowment and paying out over $20K since inception. You are making a difference in the landscape of Tech athletics. I wish more would designate some of their LTAC donations to your effort.

  4. #214
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    Re: Athletic Enhancement Endowment

    Quote Originally Posted by dadawgula View Post
    Congratulations Tech78 on having over a $100K in the endowment and paying out over $20K since inception. You are making a difference in the landscape of Tech athletics. I wish more would designate some of their LTAC donations to your effort.
    Yep, Tech78 is a stud.

    Is today the last day to contribute for this fiscal year? That used to be an important cut-off date.

  5. #215
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    Re: Athletic Enhancement Endowment

    Quote Originally Posted by olddog75 View Post
    Yep, Tech78 is a stud.
    twss
    http://groups.yahoo.com/group/LouisianaTechMemphis/

    "Folks, our President is STEPPING UP & it is up to all of us FANatics to support what he is trying to do."

    MICKEYS14

  6. #216
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    Re: Athletic Enhancement Endowment

    Quote Originally Posted by olddog75 View Post
    Yep, Tech78 is a stud.

    Is today the last day to contribute for this fiscal year? That used to be an important cut-off date.
    Have until the end of August now. They moved the date.
    Donate to the Athletics Enhancement Endowment

  7. #217
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    Re: Athletic Enhancement Endowment

    Quote Originally Posted by Tech78 View Post
    Have until the end of August now. They moved the date.
    What is the current status of the endowment? I plan to give part of my LTAC donation to the endowment this year. Thanks Tech78!

  8. #218
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    Re: Athletic Enhancement Endowment

    Quote Originally Posted by dadawgula View Post
    What is the current status of the endowment?
    twss

  9. #219
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    Re: Athletic Enhancement Endowment

    The balance is approximately $110,000. I just received notification that the payout this year (2017-2018) is $4,250.

    I currently plan on holding this amount to combine with next year's payout to see if it could meet a larger need, assuming something is identified.

    Donations received by end of August 2017 will be used in next year's payout calculation - write those checks now and note they are for the Athletics Enhancement Endowment. Thanks to everyone for contributing to the long-term support of Tech Athletics.

    The payout history for the endowment:

    2008-2009 -- $ 981 for Athletics ticketing system
    2009-2010 -- $ 683 for Athletics facilities landscaping improvements
    2010-2011 -- $1,111 for Tech logos at JAS
    2011-2012 -- $1,871 for equipment updates for sports medicine / trainers
    2012-2013 -- $2,165 lights for soccer field
    2013-2014 -- $2,473 athletic's scholarship fund
    2014-2015 -- $3,310 Sport and Movement Laboratory
    2015-2016 -- $3,706 Sport and Movement Laboratory
    2016-2017 -- $4,026 Soccer / Tennis Locker Room Renovation
    2017-2018 -- $4,250 Holding until next year


    Total to date $24,576 paid out.
    Donate to the Athletics Enhancement Endowment

  10. #220
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    Re: Athletic Enhancement Endowment

    Any update from donations through June?

  11. #221
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    Re: Athletic Enhancement Endowment

    The balance as
    of 6/30/17 is $110.8. Any donations by 8/31/17 will be used to calculate next year's payout. Time to write that big check for the Athletics Enhancemet Endowment!

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