Football donations are so pathetic that

[Ajs120102]

Rowing and golf raised more in 2019. Pathetic
Fans have a part too

I don’t mean to start another negative thread but if the media gets wind of this it’s a legit beef to have.

 

[Exit 4]

Rowing and golf raised more in 2019. Pathetic
Fans have a part too

People view their season tickets as donations for football. I'm not fully excusing the situation - the football admins need to up their game.

 

[gioff2323]

Define donation. Everyone knows our facilities were built and upgraded with a dollar or 2 of donations. My season tix always included a donation.

is there a math dept at UConn? 40mm “subsidy”, now this?

 

[kibblesnbits]

I doubt those figures include the required seat donations for season tickets or the facilities charges. Attendance may be way down, but a few hundred chairback tickets generate more than that figure. I suspect those are foundation donations where the donor specified a sport as the recipient.

 

[Ajs120102]

I doubt those figures include the required seat donations for season tickets. Attendance may be way down, but a few hundred chairback tickets generate more than that figure. I suspect those are foundation donations where the donor specified a sport as the recipient.

UConn accounting department almost tries to make it seem like we are in the worst possible shape. Nevertheless, to be donating a 1/7 of basketball even if it’s not including seat donations is pretty bad. I’m assuming all sports don’t count the seat donations.

 

[Dooooooomed]

Inspiration for Pat Forde's next UConn hit piece.

 

[HardFacts]

I would agree it doesn’t count the seat donations and donations to renovation at Burton complex. I would also like to know the total UCADF assets at the Foundation and the income generated off them.

 

[HardFacts]

Frazier gift alone was $1,000,000

 

[huskymedic]

Greg Earhart = Executive Director of the College Swimming Coaches Association of America (professional organization of college swimming and diving coaches) & followed by Pat Forde

 

[huskymedic]

Frazier gift alone was $1,000,000

Yup... UConn Football Receives $1 Million Donation (announced in 2019 but not sure how/when it's counted)

 

[gampelcrazies]

Those numbers seem really low

 

[Duncan Idaho]

Somebody should respond to Greg.

 

[Dooooooomed]

 

[Ajs120102]

You can see the sarcasm in that. But UConn received a Million dollar donation in 2019 so that makes no sense

 

[Storrs South]

You can see the sarcasm in that. But UConn received a Million dollar donation in 2019 so that makes no sense

A couple guesses:

• The donation was not booked until FY 19-20
• The donation from Fraser is in the $3 million additional donation $ that is considered "not allocated"
• The donation is booked somewhere else on the AD or university books
  • This spreadsheet only includes direct fundraising through the AD and Fraser's and/or other donations were made through UConn Foundation, which is a private entity that I believe doesn't need to publicly report this type of information (someone correct me if I'm wrong on this)

Some wild guesses but honestly who knows.

 

[huskymedic]

You can see the sarcasm in that. But UConn received a Million dollar donation in 2019 so that makes no sense

From the NCAA FRS (assuming definitions haven't changed since filed:

Input contributions provided and used by athletics in the reporting year including:
• Amounts received from individuals, corporations, associations, foundations, clubs or other organizations designated for the operations of the athletics program.
• Funds contributed by outside contributors for the payment of debt service, lease payments or rental fee expenses for athletic facilities in the reporting year.
• Amounts received above face value for tickets. Contributions shall include cash and marketable securities.

Do not report:
• Pledges until funds are provided to athletics for use.
• Contributions to be used in other reporting years.

*Soccer and Baseball make sense since they were actively fundraising for new facilities

 

[hardcorehusky]

This university continues to shoot itself in the foot from an accounting standpoint. Between booking donations to scholarships, it is appears the athletic department was the catch all for all the other ills until the deficit caught everyone's attention. Now everyone is out with the pitchforks so let's see if the AD David Benedict can get some of the accounting stuff turned.

 

[billybud]

From the NCAA FRS (assuming definitions haven't changed since filed:

Input contributions provided and used by athletics in the reporting year including:
• Amounts received from individuals, corporations, associations, foundations, clubs or other organizations designated for the operations of the athletics program.
• Funds contributed by outside contributors for the payment of debt service, lease payments or rental fee expenses for athletic facilities in the reporting year.
• Amounts received above face value for tickets. Contributions shall include cash and marketable securities.

Do not report:
• Pledges until funds are provided to athletics for use.
• Contributions to be used in other reporting years.

*Soccer and Baseball make sense since they were actively fundraising for new facilities

AHHH...Could the $1 million be a pledge?

 

[huskymedic]

AHHH...Could the $1 million be a pledge?

Well, the locker room is finished so it’s more likely a report timing issue (I can’t remember if the NCAA FRS reporting is calendar year or fiscal year - might be either as long as it’s consistent year to year.

 

[UConnSportsGuy]

Here, let me write the lead in sentence for the next UConn Football hit job that you know is coming:

"UConn paid out more in bonus money to Head Coach Randy Edsall in their 2-10 season last year than they received in total donations from Football donors for the entire year"

 

[HardFacts]

AHHH...Could the $1 million be a pledge?

“Contributions to be used in other reporting years” What does that mean? Plus in all
The deficit reporting I have never seen donations as a source of income.

 

[BlueDogs]

This is what you call propaganda intended to create a false narrative.

 

[CL82]

These are really interesting:

 

[CL82]

 

[husky8273]

View attachment 55350

what are they feeding the men's basketball team?