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The Alexander-Tharpe Fund
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Transcript of The Alexander-Tharpe Fund
Gifts to the Alexander-Tharpe Fund can be made in many different ways, including but not limited to:
Cash GiftsChecks may be made payable to “Alexander-Tharpe Fund.” To make a gift online, visit http://ramblinwreck.com/atfund.
Monthly GiftsMonthly giving through a credit card is a convenient way to support Georgia Tech athletics. Please contact the A-T office at 404.894.5414 or visit http://ramblinwreck. com/atfund.
Matching GiftsThrough the matching gift program, the donor’s employer matches gifts made to the A-T Fund. Submit the company’s matching gift form with payment, and it significantly increases the contribution to the fund, often doubling it through dollar-for-dollar matching. A-T will recognize the total amount, including the matching gift (and the associated priority points) as soon as the gift is received. Please send the matching gift form to the A-T Fund at: 150 Bobby Dodd Way NW, Atlanta, GA 30332-0455.
Bequests and IRA DesignationsBequests and IRA designations can provide benefits and permanent name recognition with endowed scholarships. Bequests made through wills and IRA designations can be made in specific amounts, percentages, or residual amounts.
Life Income and TrustsCharitable trusts offer an opportunity to make a substantial gift to A-T without giving up the annual income produced by these assets. The donor retains income for life and the life of his or her spouse. A-T will provide donor recognition for a percentage of this trust immediately. This gift can also be structured to create a substantial tax deduction over a period of years.
Real EstateSubstantial tax benefits also exist for gifts of real estate, which are subject to acceptance by the Alexander-Tharpe Fund. A-T will provide donor recognition for the appraised value of the property. Charitable trusts established with gifts of real estate are popular methods of creating life income with tax benefits.
SecuritiesDonors may eliminate paying capital gains tax and receive an income tax charitable deduction for gifts of long-term appreciated securities.
Please consult with a tax advisor concerning the deductibility of gifts to the Alexander- Tharpe Fund.
Methods of Support
Athletics
The priority point system was implemented in 1987. It is intended to promote fairness, create new solicitation opportunities, benefit the entire Institute, reward the loyalty of our longtime supporters, and accommodate individual circumstances.
A-T Unrestricted, Athletic Director’s Initiative Fund, and/or Facility Initiatives(Cash – 2 points per $100.)Pledge example: $25,000 pledge will receive ½ point per $100 on pledge and 1 ½ points per $100 on each pledge payment, if paid at a minimum of annual equal installments over a maximum five-year period. Total points upon completion of pledge = 500.
The TECH Fund (Cash – 1 point per $100. Pledges not accepted.)(Tradition, Education, Character, and Heart) is a per-seat giving program for preferred seats in Bobby Dodd Stadium and McCamish Pavilion. Gifts to the TECH Fund will be used to support the annual operational costs associated with sustaining a highly competitive athletics program at Georgia Tech. This includes contributions for suites, courtside seats for basketball, and club seats for football.
Restricted Athletic (Cash – 1 point per $100. Pledges not accepted.)Sport-specific and/or gift restriction not mentioned above.
Endowment(Cash – 1 ½ points per $100. Donor will also receive 1 point per $100 on annual withdrawals from endow-ment if it is a named endowment funded by donor.)Pledge example: $25,000 pledge will receive ½ point per $100 on the pledge and 1 point per $100 on each pledge payment, if paid at a minimum of annual equal installments over a maximum five-year period. Total points upon completion of pledge = 375. Donor will also receive 1 point per $100 on annual withdrawals from endowment if it is a named endowment funded by donor.
Planned Gifts
n Revocable Planned Gifts – Regardless of allocation or age, donor will receive ½ point per $100 on the present value of gift. Present value is determined by the IRS discount rate and age of donor(s) as calcu-lated by the Georgia Tech Development Gift Planning office.
n Irrevocable Planned Gifts – Donor(s) age 65 and over - regardless of allocation, donor(s) will receive 1 point per $100 on the current face value of gift.
n Irrevocable Planned Gifts – Donor(s) under 65 - regardless of allocation, donor(s) will receive ½ point per $100 on the present value of gift. Present value is determined by the IRS discount rate and age of donor(s) as calculated by the Georgia Tech Development Gift Planning office.
The following list of categories makes up the priority point system:
1 point per consecutive* year of contributing to A-T1 point per consecutive* year of contributing to Roll Call1 point per each year of giving $1,000+ to Roll Call2 points per consecutive* year of purchasing football season tickets2 points per consecutive* year of purchasing men’s basketball season tickets1 point per consecutive* year of purchasing baseball, volleyball, or women’s basketball season tickets10 points (one time only per spouse) for graduating from Georgia Tech10 points (one time only per sport/spouse) for lettering in a sport at Georgia Tech
*Consecutive refers to continuous years of making a gift and/or purchasing season tickets. The calculation for consecutive year points begins with the most recent year and counts backwards. Missed years will result in a loss of consecutive status and points earned.
Priority points associated with gifts and commitments to the Alexander-Tharpe Fund are subject to change.
Priority Point System
Athletics
Georgia Tech fans have always demonstrated passion and loyalty in their support of athletics. Annual unrestricted gifts to the A-T Fund directly support our student-athletes by funding their annual scholarship costs, which is A-T’s primary goal. Annual giving levels with benefits enable the Alexander-Tharpe Fund to reward existing donors as well as recruit new ones. All gifts and/or pledge payments to A-T, which are used primarily for the purpose of paying for student-athlets’ scholarships, will count toward a donor’s annual giving level. The A-T giving year begins on July 1 and ends on June 30. Gifts to the TECH Fund, sport-specific gifts, gifts-in-kind, other pledge payments, and credits for points such as those used for insurance premiums do not count toward A-T annual levels of support.
Annual Levels of Unrestricted Giving to A-T
Annual Honor Society From $25,000 per yearFull Scholarship From $15,000 per yearHalf Scholarship From $7,500 per yearGolden T From $3,000 per yearHeisman From $1,000 per yearAlexander From $500 per yearMember From $150 per year
Annual Giving Recognition
Annual Honor Society = $25,000 cash minimum per year
n Pre-game sideline passes (two) for one Georgia Tech home football gamen Annual State of the Athletic Association luncheon with Director of Athleticsn Invitation for two to Annual Scholarship Dinnern Invitation for GT Athletic Association luncheon and tourn 14K Gold “T” Pin with three diamondsn Media Guide CD for football and men’s basketballn Name recognition in the program n BUZZ Magazinen Giving level-specific auto decalsn The Good Word, a biweekly e-mail newsletter
Total benefit value $245
Full Scholarship = $15,000 cash minimum per year
n Invitation for two to Annual Scholarship Dinnern Invitation for GT Athletic Association luncheon and tourn 14K Gold “T” Pin with three diamondsn Media Guide CD for football and men’s basketballn Name recognition in the program n BUZZ Magazinen Giving level-specific auto decalsn The Good Word, a biweekly e-mail newsletter
Total benefit value $225
Annual Giving to the Alexander-Tharpe Fund and TECH Fund
Athletics
Half Scholarship = $7,500 cash minimum per year
n Invitation for GT Athletic Association luncheon and tourn 14K Gold “T” Pin with three diamonds n Media Guide CD for football and men’s basketballn Name recognition in the program n BUZZ Magazinen Giving level-specific auto decalsn The Good Word, a biweekly e-mail newsletter
Total benefit value $110
Golden T = $3,000 cash minimum per year
n 14K Gold “T” Pin with three diamondsn Media Guide CD for football and men’s basketballn Name recognition in the program n BUZZ Magazinen Giving level-specific auto decalsn The Good Word, a biweekly e-mail newsletter
Total benefit value $75
Heisman = $1,000 cash minimum per year
n Media Guide CD for football and men’s basketballn Name recognition in the program n BUZZ Magazinen Giving level-specific auto decalsn The Good Word, a biweekly e-mail newsletter
Total benefit value $25
Alexander = $500 cash minimum per year
n Name recognition in the program n BUZZ Magazinen Giving level-specific auto decalsn The Good Word, a biweekly e-mail newsletter
Total benefit value $25
Member = $150 cash minimum per year
n BUZZ Magazinen Giving level-specific auto decalsn The Good Word, a biweekly e-mail newsletter
Total benefit value $25
Note: Recognition and benefits for all cumulative and annual levels of support are subject to change.
TECH Fund The TECH Fund (Tradition, Education, Character, Heart) is a per-seat donation program for preferred seats in Bobby Dodd Stadium and McCamish Pavilion. Gifts to the TECH Fund will be used to support the annual oper-ational costs associated with sustaining a highly competitive athletics program at Georgia Tech. Visit www.ramblinwreck.com for more details.
Annual Giving to the Alexander-Tharpe Fund and TECH Fund (continued)
Athletics
Endowed scholarship funds help provide the resources necessary to attract talented student-athletes to Georgia Tech in perpetuity. An endowment fund may be named for the donor or for someone the donor chooses to honor. Endowed scholarship funds are invested with the Georgia Tech Foundation (GTF) and earn income in per-petuity for scholarship support. The established annual payout from each endowment typically follows the guidelines established by the GTF. Earnings and appreciation beyond the payout rate are reinvested into the principal amount of the endowment in an effort to grow the endowment to cover inflation. As of 2011, the Georgia Tech Athletic Association’s scholarship endowment has a current market value of more than $40 million, which generates approximately $2 million annually. This means approximately 30 per-cent of the annual scholarship costs for student-athletes are funded by endowment distributions. An endowment to support a full athletic scholarship can be established with a gift or multi-year commitment of $500,000. An endowed partial scholarship fund can be established at a minimum level of $25,000.
Georgia Tech Athletics Endowed Scholarship Program
An athletic scholarship to Georgia Tech enables a young man or woman to match the full development of his or her athletic potential with the mastery of a challenging academic major at a distinguished university. Such a scholarship also allows coaches to recruit elite student-athletes nationally as they seek those special individuals who will thrive at Georgia Tech.
Endowment Recognition
Full Scholarship Endowment Donors ($500,000 or more)
n Top-level recognition on wall outside A-T office in Edge building. n Listed in football game day program and in media guides for sport-specific endowments.n On-field recognition at football games.n Endowment individually named and awarded annually to a student-athlete.n Invitation to annual Endowment Dinner with student-athletes.n Priority points are awarded ½ per $100 on entire pledge at time of commitment with additional 1
point per $100 with each pledge payment. Endowment donor will also receive 1 point per $100 on annual amount withdrawn from endowment.
Half Scholarship Endowment Donors ($250,000 to $499,999)
n Name listed on wall outside A-T office in Edge building. n Listed in football game day program and in media guides for sport-specific endowments.n On-field recognition at football games.n Endowment individually named and awarded annually to a student-athlete.n Invitation to annual Endowment Dinner with student-athletes.n Priority points are awarded ½ per $100 on entire pledge at time of commitment with additional 1
point per $100 with each pledge payment. Endowment donor will also receive 1 point per $100 on annual amount withdrawn from endowment.
Named Scholarship Endowment Donors ($125,000 to $249,999)
n Name listed on wall outside A-T office in Edge building. n Listed in football game day program and in media guides
for sport-specific endowments.n Endowment individually named and awarded annually to a student-athlete.
Scholarship Endowment and Facility Recognition
Athletics
n Invitation to annual Endowment Dinner with student-athletes.n Priority points are awarded ½ per $100 on entire pledge at time of commitment with additional
1 point per $100 with each pledge payment. Endowment donor will also receive 1 point per $100 on annual amount withdrawn from endowment.
Endowment Donors ($25,000 to $124,999)
n Endowment individually named and may be awarded to preferred sport.n Listed in football game day program and in media guides for sport-specific endowments.n Invitation to annual Endowment Dinner with student-athletes. n Priority points are awarded ½ per $100 on entire pledge at time of commitment with additional
1 point per $100 with each pledge payment. Endowment donor will also receive 1 point per $100 on annual amount withdrawn from endowment.
Facility Recognition
n Naming opportunities at various levels of support are available within each facility, subject to availability.
n All donors who make a five-year commitment of at least $25,000 will be recognized with a plaque within the facility.
n Priority points are awarded 2 points per $100 on all cash gifts. Pledges of $5,000 or more will receive ½ point per $100 on pledge and 1 ½ points per $100 on each pledge payment, if paid at a minimum of annual equal installments over a maximum five-year period.
n Please contact the A-T office at 404.894.6124 for a complete list of all facility naming opportunities.
Note: Recognition and benefits for all endowment and facility gifts are subject to change.
Scholarship Endowment and Facility Recognition (continued)
Athletics
Sport Goal Amount Needed Funded To Go Remaining $ to Fully Endow to Raise Scholarships at $500,000 Each
Baseball 12 $6,000,000 4.2 7.8 $3,876,558
Men’s Basketball 13 $6,500,000 5.0 8.0 $4,014,907
Women’s Basketball 15 $7,500,000 1.1 13.9 $6,935,357
Football 85 $42,500,000 14.2 70.8 $35,385,139
Golf 5 $2,500,000 5.0 0.0 $0
Softball 12 $6,000,000 0.0 12.0 $6,000,000
Men’s Swimming 10 $5,000,000 3.2 6.8 $3,419,079
Women’s Swimming 14 $7,000,000 7.7 6.3 $3,166,172
Men’s Track and Field 13 $6,500,000 0.6 12.4 $6,175,407
Women’s Track and Field 18 $9,000,000 0.6 17.4 $8,684,817
Men’s Tennis 5 $2,500,000 2.7 2.3 $1,171,981
Women’s Tennis 8 $4,000,000 2.9 5.1 $2,549,833
Volleyball 12 $6,000,000 0.2 11.8 $5,880,221
TOTAL 222 $111,000,000 47.4* 174.6* $66,792,595*
*As of June 30, 2011
Golden Jackets
This is our highest level of recognition. These donors have made cumulative cash gifts of $1,000,000 to Georgia Tech athletics. In addition to the benefits listed below for Platinum Honors, benefits of being a Golden Jacket include:
n All ticket assignments and seat location change requests start with this group in priority point order.
n All parking assignments start with this group in priority point order.n A unique Gold GT coat/blazer. n Special recognition in game day programs. n Special events. n Prominent name recognition displayed within the Georgia Tech Athletic Association.
Note: There are instances where a donor can give $1,000,000 via IRA designation/bequest and appoint one person to be a “Golden Jacket.” Please call the A-T office for more information. The contribution component of premium seats and suites, along with TECH Fund gifts, DO NOT count toward this level of recognition.
Life Member Honors Society
Platinum Life Member Honors A commitment of $1,000,000 payable in equal annual installments within a five-year period to A-T will provide the donor access to this level of distinction. In addition to the benefits listed below for the Golden Life Member Honors, benefits include:n Opportunity to split priority points between two heirs. n Enhanced service (A-T will help with ticket and lodging needs) for most postseason football
and basketball events. Golden Life Member Honors
A commitment of $500,000 to A-T payable in equal annual installments within a five-year period will provide the donor access to this level of distinction. In addition to the benefits listed below for the Life Member Honors, benefits include:n Opportunity to pass priority points to one heir. n Enhanced service (A-T will help with ticket and lodging needs) for most postseason football
and basketball events.
Life Member Honors Option 1 – $125,000 pledge to A-T payable in equal annual installments within a five-year period.and/orOption 2 – $200,000 in cumulative cash gifts to A-T.
Giving Societies
Athletics
Life Member Honors Society benefits include:n Maintaining active status and consecutive years of giving to A-T / GTAA for life of donor.n One complimentary priority parking spot for basketball season ticket holders. n One complimentary priority parking spot for football season ticket holders. n Special events. n Annual State of the Athletic Association luncheon with Director of Athletics. n Listing in special publication. n Access to great seats and parking via influx of priority points.
Note: Recognition and benefits for all societies are subject to change.
The contribution component of premium seats and suites, along with TECH Fund gifts, DO NOT count toward this level of recognition.
Giving Societies (continued)
Athletics
Alexander-Tharpe Fund Staff Directory
Athletics
Mindy HydeDirector of Development for [email protected]
Gary LanierDirector of Development for [email protected] 404.894.6561
Lucius SanfordDirector of Development for Athletics and Executive Director of the Georgia Tech Letterwinners [email protected]
Barb DockweilerAssociate Director of Development Stewardship for [email protected]
Kevin KitchensDirector of Annual Giving (Athletics)[email protected] 404.894.5390
Anita LeeAdministrative Coordinator [email protected] 404.894.8457
Jaimie BrownDevelopment [email protected] 404.894.8457
Jack ThompsonSenior Director of Development, Athletics and Senior Associate Athletic [email protected]
Jim HallAssociate Vice President for Development (Athletics) and Associate Athletic [email protected]
Athletics
Alexander-Tharpe FundLetter of Commitment
I/We commit the sum of $__________________________________to the Alexander-Tharpe Fund
designated for the following purpose(s): _______________________________________________
payable as follows:
$_______________ Enclosed
$_______________ Payable in equal annual installments within a five-year period:
$_______________ On or before 06/30/____
$_______________ On or before 06/30/____
$_______________ On or before 06/30/____
$_______________ On or before 06/30/____
$_______________ On or before 06/30/____
Or as follows: __________________________________________________________________ $_______________ TOTAL
Please detail current or future estate plans for the benefit of Georgia Tech (e.g. bequest provision, life income agreement).
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
Name(s): _______________________________________ A-T #: ____________
Address: _________________________________________________________
_________________________________________________________
Signature: _______________________________________ Date: _____________
Return to: Alexander-Tharpe Fund Questions: 404.894.5414 150 Bobby Dodd Way Atlanta, GA 30332
Checks should be payable to: Alexander-Tharpe Fund, a 501c(3) charitable corporation which receives and man-ages philanthropic gifts made for the benefit of Georgia Tech Athletics.
What is the difference between giving to A-T and giving to the TECH Fund?Answer: Gifts to the TECH Fund are gifts that are made as part of a per-seat donation program for preferred football and basketball seating. Gifts to A-T are all other gifts made in support of the Georgia Tech Athletic Association including but not limited to: gifts for unrestricted current opera-tions; scholarship support; sport-specific support; and facility construction and renovation.
Will gifts to the Tech Fund count toward maintaining my consecutive years of support to A-T? Answer: You maintain consecutive years of support by making an annual gift to A-T or by making a TECH Fund donation through the purchase of season tickets. Gifts to A-T provide the donor with additional benefits not available for TECH Fund donations.
If I continue purchasing my season tickets through the TECH Fund, should I make an additional contribution to A-T?Answer: Making an annual contribution to A-T is beneficial in many ways. First, you would be mak-ing a tax-deductible contribution (typically A-T unrestricted gifts are 100 percent deductible and gifts to the TECH Fund are 80 percent deductible) to support and strengthen Georgia Tech athletics. Second, based upon the amount of your donation, you would receive numerous amenities (see Annual Giving Levels). Third, unrestricted gifts to A-T receive 2 points per $100 as opposed to 1 point per $100 for gifts to the TECH Fund.
What are priority points?Answer: Priority points are the means by which we implement requests for season ticket changes, assign and allocate tickets for all postseason events, and assign and allocate season parking pass-es. Gifts to A-T are the quickest way to accumulate points (see Priority Point Designations for more detailed information).
Why are A-T priority points important?Answer: Football and men’s basketball season ticket relocation requests, season parking requests, football away game and postseason tickets, and men’s basketball ACC Tournament and NCAA Tournament tickets are all allocated in A-T priority point order. Every point counts!
When should I make my A-T gift?Answer: The A-T giving year starts on July 1 and ends on June 30. Some annual giving benefits are immediately distributed (e.g. giving level-specific auto decals), while others are available in the following giving year (e.g. name recognition in game day programs).
What are the costs to fund a full in-state or out-of-state student-athlete scholarship for one aca-demic year?Answer: For the 2009-10 academic year, each in-state full student-athlete scholarship cost the Athletic Association $17,924. For an out-of-state student-athlete scholarship, it was $36,134.
Frequently Asked Questions
Athletics
Selected Commemorative Gift Opportunities Subject to availability at the time of commitment
Athletics
Bobby Dodd Stadium
North Stands/Howard Candler Jr. Football Conference Center
Lower Level:Entry/Reception Area ..................................From $250,000Coaches Locker Room .................................From $150,000Player Personnel Office ................................From $100,000Equipment Room .........................................From $100,000
Upper Level:Football Coach’s Wing .................................From $2,000,000Operations Office .........................................From $500,000Offensive Coordinator’s Office ....................From $250,000Assistant Coaches’ Offices ........... Multiple from $100,000
East StandsMain/Lower Level:Club Lounge and Entry ................................From $1,000,000
West StandsSuite Level:Press Box .......................................................From $1,000,000
Ken Byers Tennis Complex
CourtsIndoor Competition Courts:Court #1 .........................................................From $150,000Court #3 .........................................................From $125,000Courts #4, #5, and #6 ...................................From $100,000 each
Outdoor Competition Courts:Courts #3, #5, and #6 ...................................From $150,000 each
Outdoor Practice Courts (4) ........................From $100,000 each
Indoor Entry Lobby ..............................................From $250,000Head Coach’s Office (Men) ..................................From $150,000Head Coach’s Office (Women) ............................From $150,000
Shirley Clements Mewborn Field
Field LevelEntrance Plaza ..............................................From $250,000Main Gate (8th and Fowler) ........................From $250,000Ticketing Plaza ..............................................From $175,000Ticketing Gate (8th Street) ..........................From $175,000Dugouts (2) ...................................................From $125,000 each
Main LevelPress Box .......................................................From $250,000
Russ Chandler Stadium
Field LevelPlaying Field .................................................From $2,500,000Ticketing/Concessions Building ................From $250,000Dugouts (2) ..................................................From $250,000 eachLocker Room ................................................From $250,000Weight Room ...............................................From $100,000
Main LevelPress Box ......................................................From $500,000Third Base Gate and Plaza .........................From $500,000First Base Gate and Plaza ...........................From $500,000
Zelnak Center
Practice Gymnasium ...........................................From $2,500,000Full-Size Court .....................................................From $500,000Lobby From ...................................................$500,000Teaching Theater .................................................From $150,000
McCamish Pavilion
Entrance GatesFowler Entry ................................................From $1,000,000East Entry .....................................................From $500,000
Floor LevelVisiting Team Meeting Room ....................From $100,000
Noonan Golf Facility
Par 3 Course .........................................................From $500,000Golf Academy Building .......................................From $500,000Name Recognition on Plaque ............................From $25,000
O’Keefe Gymnasium
Volleyball Court ...................................................From $1,000,000