Posted September 17, 2013

Texas A&M reports record fundraising; chancellor cites football success

Texas A&M Aggies
Johnny Manziel isn't the only Aggie who can throw up a money sign.

Johnny Manziel isn’t the only Aggie who can throw up a money sign. (Scott Halleran/Getty Images)

Texas A&M’s success in its short stint in the SEC is paying off for the university with its fundraising efforts.

The school announced Tuesday that it took in a record $740 million in donations and pledges during the most recent fiscal year, which ran from Sept. 1, 2012 through Aug. 31, and that amount is nearly $300 million more than the previous year. A&M officials claim it is the largest amount ever raised by a Texas university.

According to TheEagle.com in College Station, the breakdown of donations is a follows:

The $740-plus million includes approximately $97.5 million in private grants to the Division of Research, $351 million to the Texas A&M Foundation, $14 million to The Association of Former Students, $6 million to the George Bush Presidential Library Foundation and $271.5 million to the 12th Man Foundation, the latter of which is hosting a herculean effort to finance a $450 million upgrade to Kyle Field.

In an email to donors, Aggies’ chancellor John Sharp credited record enrollment, record graduation totals, a government contract to develop vaccines and the generosity of alumni with the fundraising numbers, but he also mentioned the football program’s success in the SEC.

“Everything about A&M is hitting exactly at the right time and people want to be part of a winning program and, right now, A&M is winning with faculty and students and winning in football,” Sharp said.

“I think what football has done and BARDA has done, the law school, all these things thrown in together have made Aggies decide we’re the place to be in the state of Texas.”

Texas A&M Foundation President Ed Davis said the school’s last fiscal year was the best fundraising effort in his 20 years with the program. Davis also made the correlation between football and fundraising.

“People ask me all the time if you have a winning football team, do you raise more money,” Davis said. “In normal times, the statistical data wouldn’t support that, but in an era where we are in, effectively, in the news everywhere and you have a young man like our quarterback who has been a media magnet and you have the success you have, I do think that euphoria does spill over into success in fundraising. I’m hoping we can keep it up.”

According to TheEagle.com, the previous record haul was $453 million, reported by the University of Texas during this past fiscal year as well.

MANDEL: College Football Overtime: Manziel continues to dazzle in loss to Alabama; more Overtime

36 comments
trolljaboy
trolljaboy

Its called the SEC buddy.  Texas A&M got a better deal in the SEC then in the Big12.  Had Texas A&M decided to stay with the Big12 rather then the SEC, they would had lost out on hundreds of millions of dollars, if not into the billions.  Sucks for those schools that stood behind Texas and the Big12......they got screwed big times, cept for the smaller schools who newly joined the big 12.  I can see why those small school left thier mid major for the BIG12.  But for all the other big programs in the BIG12, should had jump when you had the chance.

Funny-One
Funny-One

Not sure what was so misleading in the article, it was all laid out in black in white.


The $740-plus million includes approximately $97.5 million in private grants to the Division of Research, $351 million to the Texas A&M Foundation, $14 million to The Association of Former Students, $6 million to the George Bush Presidential Library Foundation and $271.5 million to the 12th Man Foundation, the latter of which is hosting a herculean effort to finance a $450 million upgrade to Kyle Field.

l.czolgosz66
l.czolgosz66

It needs to be said, most football programs, the overwhelming majority, actually lose money.

Bahia
Bahia

Yes, you can thank football for that ... and take it to the bank!

6marK6
6marK6

And it only took a rule-breaking, alcoholic, privileged punk, to pull it off. gig em, losers!

LoveYouBlue
LoveYouBlue

more fodder to the whole "we have misplaced values" argument:  grown adults ascribing personal value to the vicissitudes of what young men do on saturdays

mlawyer
mlawyer

Perfect!

There's "CHANGE" blowing in the wind, and Texas A&M University spearheaded by Manziel and Sumlin are leading the way... 

I give it 3 yrs max and college players will be paid to play

friendly--neighborhood--scrawler
friendly--neighborhood--scrawler

How much is Manziel's cut?

I wouldn't put it past Johnny "pick pocket" to dip his sticky fingers in the funds when no one is looking...

The next person i hear say ... "WELL THEY GET A FREE EDUCTION" I am going to punch them in their face. Either pay the kids a fair amount or allow them to have part time jobs, where its school, work and then football in that order.

mefoster86
mefoster86

And this is why Universities look the other way on violations. Can you blame them? If the idiot public is going to base donations on football success, I'd want my school to cheat too.

WHO*IS*ESPN
WHO*IS*ESPN

So Bama TJ apologizes for acting like this self absorbed prick.  But A&M lets him have a pass?  Anyone tell kevin he is the token uncle tom for the program with NO balls to calm his prick qb down?

Action
Action

And to think that a few years ago the University had to loan the athletic department $16 million.  What a difference a football team can make.  Now it's time to pay the players.  And, yes, I'm an Aggie who gives money to TAMU.

Cool
Cool

Ed Davis is going to be called into the chancellors office and it ain't going to be pretty.  "Ed, we don't mention an increase of donations and the quarterback in the same sentence.  People will get the idea that we are profiting off him, and we can't have that now, can we?."

zacktrobertson
zacktrobertson

So I guess Manziel is worth about $300 million give or take. Yeah, that scholarship is certainly a fair trade!

BobS
BobS

Does that include money raised through autograph sales?

Iowa
Iowa

@l.czolgosz66 Exactly. This is a rather misleading article because, for one, A&M is soliciting money for a massive stadium renovation of the type of excess no college program needs. Also, it really doesn't matter how much money is raised, it's about what's being done with it. The fact A&M can raise that much money, yet will barely-if at all-break even on athletics should be far more alarming than the total fundraising number should be impressive.

Christopher31
Christopher31

@6marK6
Jealous much?

I'm sure it sucks to be gay, bro, but you need to harness your vitriol.

Now...move along and leave the big boys alone.

donald5
donald5

@JosephBagadoughnutz Yes... people giving millions to a university is definitely "disgusting".  Next thing on their list is probably kicking puppies.  Maybe you should save your indignation for people that deserve it.

Tacchan
Tacchan

@mlawyer It appears the NCAA is standing firm about player being paid by saying it wouldn't be fair to smaller schools that can't afford the 'stipend' for the players. If that's the case, then they need to create a "super division" for schools that can afford it. 

Iowa
Iowa

@mefoster86 Everyone knows why the schools look the other way. It doesn't make it right or justifiable.

chad96
chad96

@mefoster86 Who's cheating?  Do you know something the rest of us don't?

donald5
donald5

@WHO*IS*ESPN Uncle Tom...?  There is a racial grievance nut on every comment section

chad96
chad96

@WHO*IS*ESPN Way to bring race into the discussion about fundraising.  It really shows your depth and intelligence.  

Iowa
Iowa

@Action Did Texas A&M just start a football program two years ago?

mh92263
mh92263

@Action 

Players are already being paid.  They get free room, board, tuition, books, etc.

Iowa
Iowa

@zacktrobertson How much would Manziel be worth if the NCAA didn't provide him a high-profile platform to show off his skills?

donald5
donald5

@Iowa @l.czolgosz66 Eh... accounting wise, I suppose most football programs technically lose money but a lot of the revenue that is directly a result of the football team does not get run through the athletic department.  Local economic impact, donations to other areas of the school, increased enrollment, a lot of school memorabilia, as well as all sorts of revenue is not captured on the football program's income statement.  Some other area of the school picks it up even though they really didn't do anything to generate it.

donald5
donald5

@Christopher31 @6marK6 Really... you go with accusations of being jealous and then gay... got any more cliche arguments that most of us stopped using in the 6th grade?

l.czolgosz66
l.czolgosz66

@Christopher31 @6marK6 Uhh, Christopher, you need to stop trying to do whatever you do. Your attempt at a whatever you just did, is the definition of lame.

6marK6
6marK6

@danboz11 @JosephBagadoughnutz Guess it depends what the money goes towards. Something tells me for more football facilities and coaches salaries. So the question has to be asked, what is the benefit?

Action
Action

@mh92263 @Action That argument might have held up 30 years ago, but not anymore.  College football is a HUGE business, and it is a very dangerous game that can cause lifelong injuries.  The players deserve to get paid.  Your tuition and books argument is, frankly, naive and silly.  Don't try to recounter me, and you are clearly living in the past.

Iowa
Iowa

@6marK6 @danboz11 @JosephBagadoughnutz Exactly. Someone could've donated that money to help keep an underfunded college in business and improve the education for students attending them. Instead they donate it to a place where they're renovating the football stadium to a quality of which NFL teams will be jealous.

Iowa
Iowa

@Action @mh92263 Getting a degree is a huge business too. If somehow you think the importance of one has been diminished because of how much people like yourself would rather donate your money to athletics than academics, then that shows how much you're living in the past. The movements to pay players didn't exactly just start this year, they've been going on for a hundred years.