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re: Who are these billionaire LSU boosters that are throwing money around?
Posted on 11/28/15 at 1:32 am to fightin tigers
Posted on 11/28/15 at 1:32 am to fightin tigers
quote:
I really don't know what the TAF brings in a year, several 10MM I would assume. You are asking them to increase in a manner or 5% or so to cover all of this.
So an increase of 5% is going to raise eyebrows?
According to the financials that are readily available on google 2014-2015 the TAF took in a total of 32 million (all time record) with out this 10 million dollar man. prior to that the average was in the low 20 mil. range. there is just not room in the car for all these big time mulimillion donations.
While individuals need not be named if they choose not to take the tax deduction, the TAF must still report all proceeds as a non-profit.
Deep pockets as a athletic foundation- Yes
Single donors giving 10's of millions a whack with regularity -
2
Posted on 11/28/15 at 1:35 am to cave canem
quote:
According to the financials that are readily available on google 2014-2015 the TAF took in a total of 32 million (all time record) with out this 10 million dollar man.
Would imagine his 10MM is factored in to that amount.
Posted on 11/28/15 at 9:06 am to cave canem
quote:
quote: I really don't know what the TAF brings in a year, several 10MM I would assume. You are asking them to increase in a manner or 5% or so to cover all of this. So an increase of 5% is going to raise eyebrows? According to the financials that are readily available on google 2014-2015 the TAF took in a total of 32 million (all time record) with out this 10 million dollar man. prior to that the average was in the low 20 mil. range. there is just not room in the car for all these big time mulimillion donations. While individuals need not be named if they choose not to take the tax deduction, the TAF must still report all proceeds as a non-profit. Deep pockets as a athletic foundation- Yes Single donors giving 10's of millions a whack with regularity -
The money taken in is used as security for debt. TAF is not going to take a few donors money and use for a buyout. It will take what maybe a few donors tell them to do but ANYONE who is a member of TAF or pays a ticket surcharge will pay for this buyout of Miles and any buyout of an existing coach ie...Jimbo.
If anyone thinks their parking pass, surcharge, ticket price won't go up they are whistling Dixoe.
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