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Post by efg72 on Dec 5, 2021 11:22:46 GMT -5
having our Pastor tell us at mass today that it is the time for each of us to increase our support of the Parish, I started thinking about financial support for the football program and in general HolyCross giving
so
Will the results of this football season, and the direction of the program during the Chesney time, lead to increased funding support for football?
if so, what is a reasonable goal?
will additional support for football be added to the existing CAF base?
or is it a zero sum game and the new football support will come at the expense of basketball and other sports?
if not, what will it take to grow the fund?
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Post by KY Crusader 75 on Dec 5, 2021 11:30:10 GMT -5
In general, "all revenue is general revenue", so if we all give more money to the football program that is less money the school or the general athletic fund have to budget for it.
However, I'd guess that increased or decreased giving does send a signal about alumni support for the program and that may do some good. Of course, the biggest signal is sent by game attendance....
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Post by sader1970 on Dec 5, 2021 11:35:37 GMT -5
Having been involved in trying to drum up financial support for the College, I totally agree with KY that it is pretty much a zero sum game - more money donated specifically for football (or heaven forbid men's basketball!  ) means TPTB don't have to put so much in the kitty for football and can be given to other sports. Another example, though not true now, is when you gave to the men's (or women's team), the money was split evenly between both teams whether you designated it or not to a specific team. |
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Post by efg72 on Dec 5, 2021 12:27:34 GMT -5
Would the school consider taking total revenues currently given by all accounts to create a new baseline for athletics, that it would fund completely. The school would replace those CAF dollars previously used with other dollars from general revenues.
Then take all new funds provided to the CAF, by sport, available to the AD and coaches to fund efforts to improve each sport, including financial aid/scholarship money for olympic sports?
To create a bigger financial aid pot for all students, the school could find multiple donors that together would match the funds to the CAF and invest those dollars to fund current and future financial aid. Another set of donors match the CAF revenues and those dollars go for a special community effort sponsored by Holy Cross.
It would build a stronger base in the community and help other students make the school more affordable. The CAF and the Athletic Department might become a more significant and valued partner on campus and in the community.
It might be a non starter but thought I would offer a crazy idea on a Sunday afternoon.
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Post by sader1970 on Dec 5, 2021 12:48:31 GMT -5
72, pass your idea along to Tracy Barlok. Crossporters can't put your ideas into action, I'm afraid. I'm not aware that any of us have the "juice."
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Post by efg72 on Dec 5, 2021 12:51:43 GMT -5
I dont either, but i was trying to think of ways that help us improve and grow
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Post by football44 on Dec 5, 2021 13:44:16 GMT -5
“Commitment to Excellence” is a program that has just begun to financially support Holy Cross football and all the great things that Coach Chesney is doing for the program. If you are interested in actually contributing money to this program reach out to either Larry Doyle or Phil Gibson at Holy Cross. Here’s everyone’s chance to really contribute to the program.
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Post by efg72 on Dec 5, 2021 14:04:17 GMT -5
Thanks 44 I did last week
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Post by football44 on Dec 5, 2021 14:39:56 GMT -5
Thanks efg72
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Post by Pakachoag Phreek on Dec 7, 2021 20:42:58 GMT -5
Would the school consider taking total revenues currently given by all accounts to create a new baseline for athletics, that it would fund completely. The school would replace those CAF dollars previously used with other dollars from general revenues. Then take all new funds provided to the CAF, by sport, available to the AD and coaches to fund efforts to improve each sport, including financial aid/scholarship money for olympic sports? To create a bigger financial aid pot for all students, the school could find multiple donors that together would match the funds to the CAF and invest those dollars to fund current and future financial aid. Another set of donors match the CAF revenues and those dollars go for a special community effort sponsored by Holy Cross. It would build a stronger base in the community and help other students make the school more affordable. The CAF and the Athletic Department might become a more significant and valued partner on campus and in the community. It might be a non starter but thought I would offer a crazy idea on a Sunday afternoon. As I understand the CAF, and the school's policy with respect to use of CAF monies, these are not to be used for financial aid, coaches' salaries, or other expenses that would be considered to be the base program. The reason for not using CAF monies for financial aid is that such monies represent a one-year commitment of funds, and when HC awards a scollie, it budgets that scollie as a four year commitment Nor, to my knowledge, are CAF monies used for facilities. If one wanted to raise sufficient monies to endow a specific aspect of football, or the program in general, you could do so. But remember, a directed endowment fund of $1,000,000 would pay out $45,000 annually, which doesn't buy much in a program that costs $6 million. I suspect the greatest beneficial use of CAF monies would be toi pay for increased recruiting. Harvard spent nearly $1 million on recruiting for all aports. Dartmouth $813,000. Holy Cross, $330,000. Fordham $440,000. BostU $485,000, Lehigh $444,000 |
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Post by longsuffering on Dec 7, 2021 21:00:05 GMT -5
Would the school consider taking total revenues currently given by all accounts to create a new baseline for athletics, that it would fund completely. The school would replace those CAF dollars previously used with other dollars from general revenues. Then take all new funds provided to the CAF, by sport, available to the AD and coaches to fund efforts to improve each sport, including financial aid/scholarship money for olympic sports? To create a bigger financial aid pot for all students, the school could find multiple donors that together would match the funds to the CAF and invest those dollars to fund current and future financial aid. Another set of donors match the CAF revenues and those dollars go for a special community effort sponsored by Holy Cross. It would build a stronger base in the community and help other students make the school more affordable. The CAF and the Athletic Department might become a more significant and valued partner on campus and in the community. It might be a non starter but thought I would offer a crazy idea on a Sunday afternoon. As I understand the CAF, and the school's policy with respect to use of CAF monies, these are not to be used for financial aid, coaches' salaries, or other expenses that would be considered to be the base program. The reason for not using CAF monies for financial aid is that such monies represent a one-year commitment of funds, and when HC awards a scollie, it budgets that scollie as a four year commitment Nor, to my knowledge, are CAF monies used for facilities. If one wanted to raise sufficient monies to endow a specific aspect of football, or the program in general, you could do so. But remember, a directed endowment fund of $1,000,000 would pay out $45,000 annually, which doesn't buy much in a program that costs $6 million. I suspect the greatest beneficial use of CAF monies would be toi pay for increased recruiting. Harvard spent nearly $1 million on recruiting for all aports. Dartmouth $813,000. Holy Cross, $330,000. Fordham $440,000. BostU $485,000, Lehigh $444,000 Coach Riga is doing some recruiting nearby, which I like. Not only for financial and time efficiency, but because it's easier to sell a name brand than a no name brand and the farther you travel from campus the more of a no name brand Holy Cross becomes. Of course we should leverage our other affinity strengths, such as with Catholic high schools, too. |
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) means TPTB don't have to put so much in the kitty for football and can be given to other sports.