Feb. 6, 2007
ATLANTA–Georgia Tech athletics has instituted a new donation program for priority seat locations in Tech’s football and basketball venues, Director of Athletics Dan Radakovich announced.
The program, known as the TECH Fund, will begin in 2007, establishing per-seat donation levels for approximately one-third of the seats in Bobby Dodd Stadium/Grant Field and half the seats in Alexander Memorial Coliseum.
TECH Fund donations are 80 percent tax deductible and replace any current annual giving obligations to the Alexander-Tharpe Fund.
Under Radakovich’s leadership, Georgia Tech has undertaken a comprehensive evaluation of its financial position, based on the rising cost of competitive athletics. The TECH Fund is the cornerstone of this financial strategy because it will create a consistent and ongoing revenue stream to support the critical operational funding necessary to ensure the future financial stability of Tech athletics.
“Our goal is two-fold: Create financial stability for Georgia Tech athletics and thus achieve excellence in the programs and services we offer,” said Radakovich. “This type of seat donation program is not unique in intercollegiate athletics, and it is necessary for Georgia Tech to remain competitive at the highest level.
“The TECH Fund is the result of many months of research. We looked very closely at the donation patterns of current ticket holders who occupy the various TECH Fund sections.”
Contribution levels for Bobby Dodd Stadium range from $0 to $450, while at at Alexander Memorial Coliseum, levels range from $0 to $500. Season ticket holders have the option to keep their current seats, request to move to areas with higher or lower contribution levels, or move to areas that require no contribution at all.
The TECH Fund
Virtually every major athletics program in the nation has instituted some type of per-seat donation plan for some, if not all, seats in football and basketball venues
TECH Fund contributions are 80 percent tax deductible and replace any annual giving obligations to the Alexander-Tharpe Fund
Only one-third of the seats in Bobby Dodd Stadium and aproximately half of those in Alexander Memorial Coliseum are subject to TECH Fund contributions.
Contribution levels for Bobby Dodd Stadium range from $0 to $450
At Alexander Memorial Coliseum, contribution levels range from $0 to $500
No season ticket holder will be removed from his or her current seat as long as the TECH Fund donation is made and season tickets are purchased. Current season ticket holders also have the option to request to move to seats with higher or lower TECH Fund contributions, or move to seats that require no TECH Fund contribution at all.