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re: How much money is donated to TAF every year? And how much is donated to LSU?
Posted on 2/14/15 at 5:35 am to vodkacop
Posted on 2/14/15 at 5:35 am to vodkacop
LINK
The majority of money given back to academics is in the form of covering cost of athletic scholarships. The foundation raises the money to be able to bond the large capital outlay athletic projects, stadiums, weight rooms, athletic buildings etc...
It then in turn rents these facilities back to LSU. LSU pays TAF $4,000,000.00 a year in rent for the 3 additions to Tiger Stadium.
They are very good at what they do and certainly offset some items but they are primarily set up for athletics and that is what they fund. They don't just wholesale donate a "shite ton" of money to academics. It's not true so he doesn't have to get over it.
They are not funding humanities professors salaries or non athletic building maintenance etc... In fact LSU reimburses TAF for quite a lot.
And for the record I'm a 40 year 8 seat Tiger Stadium season ticket holder and a member of TAF. It is a good device for what it was set up for-LSU Sports.
The majority of money given back to academics is in the form of covering cost of athletic scholarships. The foundation raises the money to be able to bond the large capital outlay athletic projects, stadiums, weight rooms, athletic buildings etc...
It then in turn rents these facilities back to LSU. LSU pays TAF $4,000,000.00 a year in rent for the 3 additions to Tiger Stadium.
They are very good at what they do and certainly offset some items but they are primarily set up for athletics and that is what they fund. They don't just wholesale donate a "shite ton" of money to academics. It's not true so he doesn't have to get over it.
They are not funding humanities professors salaries or non athletic building maintenance etc... In fact LSU reimburses TAF for quite a lot.
And for the record I'm a 40 year 8 seat Tiger Stadium season ticket holder and a member of TAF. It is a good device for what it was set up for-LSU Sports.
1
Posted on 2/14/15 at 8:59 am to Martini
quote:
They are not funding humanities professors salaries or non athletic building maintenance etc... In fact LSU reimburses TAF for quite a lot.
"The LSU Board of Supervisors will vote Friday on the LSU Athletics Fund Transfer Policy. Under the
agreement, the Athletic Department would transfer $7.2 million annually — $36 million over five years
— to support university academics."
It passed and that has nothing to do with scholarships.
get over it
LINK
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