re: TAF now giving 1 point per $1,000 of "academic gifts"

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I'm not familiar with TAF, but does this mean that donations to the LSU Foundation are worth the same points as donations directly to TAF?

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Yes. With the exception of bonus points for TAF giving (e.g. 3 points for a $100 gift to TAF).

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If so, what incentive is there to donate directly to TAF? If I had money lying around, I'd rather give it to to LSU, I think.

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Incentive may be the wrong way to look at it. But people will still want to support athletic programs.

This is all part of a larger effort to streamline LSU into the "One LSU" model.