re: Hopefully TAF is gutted Next

Don’t be fooled and try to make like TAF Stepped in and did this. Richard Lipsey is a great guy! Yea he founded TAF. Great thank you. This was Richard Lipsey having the balls to step up and put an end to Joe Alleva. Not TAF driven. Let’s be real clear about that. Richard Called ALL the shots WAY above everyone’s head. Not TAF.

BOOK IT!

Richard Circled the wagons of his network! Not TAF.

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. I have asked the people who do their financial reports and no one can give me the answer to the following question.

Outside of the “Tradition Fund fee” how much money does TAF raise?

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My first thought is, "So what?!?" Your question sounds like you're just looking for an excuse to not donate to TAF. How TAF achieves its revenue is irrelevant.

My second thought is, "You're lying."

TAF's audited financial statements are posted on their website. The latest year's statements are for 2017 since 2018 haven't been completed yet.

All the contributions are accounted for with the ticket donation amounts specified in its own line item on the financial statements and is explained fully in a footnote on page 14 of the audited financial statement.

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Contracts Receivable and Deferred Revenue

Included within the statements of financial position are contracts receivable that represent the Foundation’s right to receive cash under contracts with its members in exchange for the members’ right to purchase tickets for future LSU athletic events, primarily the right to purchasecertain “premium seating” football tickets in Tiger Stadium. The Foundation’s receivables include contracts for the 2018, 2019, 2020, 2021, and 2022 seasons. These receivables result in deferred revenue at December 31st. At December 31, 2017 and 2016, the Foundation’s deferred revenue included $46,589,551 and $50,292,882, respectively, of receivables related to these contracts. The revenue from these contracts will be recognized in the year that the athletic season associated with the ticket(s) is completed. Deferred revenue also included $18,615,032 and $13,125,540 as of December 31, 2017 and 2016, respectively, that is related to payments receivedby the Foundation in advance of the activities associated with those cash receipts having occurred.

The amount of the above totals that is specific to those contractual donations for the right to purchase certain “premium seating” football tickets in Tiger Stadium is pledged for the payment of debt service mentioned in Note 7.

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And on page 54 in the notes to the financial statements, there is a chart which shows the amount of philanthropic donations for each year starting with 2007. In 2017 the amount of philanthropic donations was $11,408,840 which was down from 2016's total of $13,136,944.

LINK