Georgia Tech has just announced some huge news regarding fundraising.
The Alexander-Tharpe Fund, Georgia Tech athletics’ fundraising arm has contributed a record $78,197,499 to Tech athletics during the 2024 fiscal year, which ended on June 30. The $78 million-plus raised shattered the previous record for single-year A-T Fund donations and represents a 161% year-over-year increase.
Special thanks to all of our A-T Fund donors for a record-setting year❕🤝
📊$78,197,499 raised in 2023-24
📊161% year-over-year increase
📊Surpasses previous record, set in 2019-20, by 43%#StingEm 🐝https://t.co/DO0Wk1A0p7
— Georgia Tech Yellow Jackets (@GTAthletics) July 29, 2024
“As the landscape of college athletics shifts and the financial resources needed to compete for championships at the highest level increase, we are so grateful for our donors stepping up to the plate and making a record-breaking impact on Tech athletics,” Georgia Tech director of athletics J Batt said. “An extraordinary level of donor engagement is vital to our goal of fielding one of the nation’s elite athletics programs, and through their record contributions in 2023-24, our A-T Fund donors have shown that they are eager to be a part of the exciting, long-term future of Tech athletics. On behalf of our student-athletes, coaches and staff, we thank everyone who invested in our student-athletes and teams through your A-T Fund donation in 2023-24, and encourage everyone to help keep the momentum going through contributions to the A-T Fund, The Tech Way and the purchase of season tickets in 2024-25.”
Batt deserves a lot of credit for this amount raised. When he was hired as the Athletic Director back in 2022, he had a reputation of being a great fund raiser at Alabam, where he previously worked. He has put those skills to work for Georgia Tech and it is paying off with this news.
Of the $78 million-plus contributed in cash and pledges to the A-T Fund during the 2024 fiscal year, nearly 90% came in the form of non-seat related gifts, including more than 20 gifts of $1 million or more.
In addition to being a 161% increase from FY23, the $78 million-plus raised in FY24 is 43% more than the previous A-T Fund single-year record of $55,559,723 raised in 2019-20.
“This year’s results reflect the strong legacy of Georgia Tech athletics and the present-day passion our alumni, fans and community have to see our student-athletes excel and our teams win,” Georgia Tech vice president for development Jen Howe said. “We look forward to continuing to work with J and his team to bring increased support to athletics that allows us to take on the changing NCAA landscape.”
Source link : https://www.si.com/college/georgiatech/the-flats/alexander-tharpe-fund-raises-more-than-78-million-in-2024-fiscal-year-shatters-single-year-record-for-gt-01j3zqtw84jq
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Publish date : 2024-07-29 13:22:47
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