Is a Capital campaign to raise $1 billion for FSU of which $250 million is to be raised by Seminole Boosters. The Campaign started in June 2010 to June 2018, as of June 5, 2016 we have raised $914 million with 2 years to go. $86 million to raise in the next 2 years so we are poised to pass the mark early.
Seminole Boosters goal as part of the $1 billion is 250 million, as of today we have raised our goal to $300 million. We are proud to tell our loyal Seminole Boosters that we have raised $280 million. We have passed our goal by $30 million with 2 years to go. Thank you so much, now lets blow that $300 million out of the water.
There is some great naming opportunities in the stadium still to be named. The Champions Club is a huge part of the campaign and to the future of Doak Campbell stadium. All money raised by the Champions Club goes back into the stadium and at the end of the day most of our athletic funds start right in Doak Campbell Stadium. What a great way to support FSU and get great seats and amenities to go along with your gift. Yes the Champions Club seats are a tax deductible gift to the university and part of the capital campaign.
Endowing scholarships is also a huge part of the Campaign and integral to FSU athletics. Right now Seminole Boosters has approximately $58 million in endowed scholarships with much more pledged for the future.
To fully endow we need somewhere in the ballpark of $250,000,000 and the cost rises annually. Our numbers are low mainly because we only started football in 1948 and most people that leave scholarship endowments usually leave larger amounts in their wills. While most of the larger schools have been playing since the 1800s and have had generations that have passed and left their school in their wills we have some of our fans that are still alive that went to school here in 1948. My uncle Cal graduated in 1952 and is still kicking around at 90 something years old. It takes generations to fully endow a whole athletic departments scholarships and we have 20 sports with scholarship athletes costing the athletic department over 9,500,000 per year. The far majority of our scholarship costs are currently paid from annual donations from our Booster memberships (Chiefs, Tomahawks, Renegade, etc.) Imagine if that could be achieved through a permanent endowment and how powerful that would be financially for the athletic department?
Below I attached a copy of the Panama City Seminole Club endowed scholarship. As you can see their $50,000 is now worth almost $68,000
If anybody would like to talk about how they could help endow a scholarship through a gift paid annually (many of our donors do this as a pledge over a period of 5 years)or leaving a legacy by endowing a scholarship through their will or trusts, I would love to talk to you. The principal would never be spent and the returns would fund athletic scholarships for eternity making you a Seminole Booster in this life and the next. The endowment fund you create can be in your name and will be recognized publicly in the Moore Athletic Center. Some advantages to giving back in this way include the ability to be able to write your gift as a deduction to help with income tax or possibly helping with estate tax problems. Other tax savvy strategies could include giving appreciated securities or land that could save with capital gains tax and income tax. Bottom line, is that there are many ways to give back, not just writing a check. Talk to us about gift planning and giving back, every person is different, we can help you with how to achieve your philanthropic goals as well as your personal financial goals, there are tools that can help with both. There are over 500 student athletes at FSU in need of scholarship support, an endowed scholarship is a fantastic way to help a student achieve their dreams.
You can contact me at any time at jamnolfin@hotmail.com or 850 527 0701
Seminole Boosters goal as part of the $1 billion is 250 million, as of today we have raised our goal to $300 million. We are proud to tell our loyal Seminole Boosters that we have raised $280 million. We have passed our goal by $30 million with 2 years to go. Thank you so much, now lets blow that $300 million out of the water.
There is some great naming opportunities in the stadium still to be named. The Champions Club is a huge part of the campaign and to the future of Doak Campbell stadium. All money raised by the Champions Club goes back into the stadium and at the end of the day most of our athletic funds start right in Doak Campbell Stadium. What a great way to support FSU and get great seats and amenities to go along with your gift. Yes the Champions Club seats are a tax deductible gift to the university and part of the capital campaign.
Endowing scholarships is also a huge part of the Campaign and integral to FSU athletics. Right now Seminole Boosters has approximately $58 million in endowed scholarships with much more pledged for the future.
To fully endow we need somewhere in the ballpark of $250,000,000 and the cost rises annually. Our numbers are low mainly because we only started football in 1948 and most people that leave scholarship endowments usually leave larger amounts in their wills. While most of the larger schools have been playing since the 1800s and have had generations that have passed and left their school in their wills we have some of our fans that are still alive that went to school here in 1948. My uncle Cal graduated in 1952 and is still kicking around at 90 something years old. It takes generations to fully endow a whole athletic departments scholarships and we have 20 sports with scholarship athletes costing the athletic department over 9,500,000 per year. The far majority of our scholarship costs are currently paid from annual donations from our Booster memberships (Chiefs, Tomahawks, Renegade, etc.) Imagine if that could be achieved through a permanent endowment and how powerful that would be financially for the athletic department?
Below I attached a copy of the Panama City Seminole Club endowed scholarship. As you can see their $50,000 is now worth almost $68,000
If anybody would like to talk about how they could help endow a scholarship through a gift paid annually (many of our donors do this as a pledge over a period of 5 years)or leaving a legacy by endowing a scholarship through their will or trusts, I would love to talk to you. The principal would never be spent and the returns would fund athletic scholarships for eternity making you a Seminole Booster in this life and the next. The endowment fund you create can be in your name and will be recognized publicly in the Moore Athletic Center. Some advantages to giving back in this way include the ability to be able to write your gift as a deduction to help with income tax or possibly helping with estate tax problems. Other tax savvy strategies could include giving appreciated securities or land that could save with capital gains tax and income tax. Bottom line, is that there are many ways to give back, not just writing a check. Talk to us about gift planning and giving back, every person is different, we can help you with how to achieve your philanthropic goals as well as your personal financial goals, there are tools that can help with both. There are over 500 student athletes at FSU in need of scholarship support, an endowed scholarship is a fantastic way to help a student achieve their dreams.
You can contact me at any time at jamnolfin@hotmail.com or 850 527 0701
