A-T Point System/Tech Fund - purpose

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Cola_jacket

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The Point System
The point system was implemented in September 1987. It is intended to promote fairness, create new solicitation opportunities, benefit the entire institution, continue favorable tax treatment for a charitable gift, reward the loyalty of our longtime supporters, and be flexible to individual circumstances. (RamblinWreck.com)

TECH Fund

The TECH Fund was implemented in February 2007. It is intended to ? (Complete the sentence (raise money!))

"The TECH Fund can result in approximately $2.5 million in new unrestricted donations on an annual basis."
 
Cola_jacket said:
The TECH Fund was implemented in February 2007. It is intended to ? (Complete the sentence (raise money!))

"The TECH Fund can result in approximately $2.5 million in new unrestricted donations on an annual basis."
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It is intended to keep the GTAA from bankruptcy.
 
Cola_jacket said:
The Point System
The point system was implemented in September 1987. It is intended to promote fairness, create new solicitation opportunities, benefit the entire institution, continue favorable tax treatment for a charitable gift, reward the loyalty of our longtime supporters, and be flexible to individual circumstances. (RamblinWreck.com)

TECH Fund

The TECH Fund was implemented in February 2007. It is intended to ? (Complete the sentence (raise money!))

"The TECH Fund can result in approximately $2.5 million in new unrestricted donations on an annual basis."
Click to expand...

Be careful, Cola, if you come on here and question the TECH Fund you WILL be attacked by a bunch of trolls extolling the virtues of the argument that this is the ONLY way the AA can avoid bankruptcy... there can't possibly be any better ways of doing this since God sent DRad to Tech to implement the fund as is inscribed on two stone tablets.

BTW for those who suggested I email my suggestions to DRad last week, I did. No reply yet, but I sure he will "come again".
 
Well, it is undisputable that we were headed for bankruptcy with the previous system. Since the GTAA doesn't yet have the license to print money, the GTAA's customers were going to have to pay more somehow.

Not to belittle more serious objections, but most of the rantings against the TECH fund have been "I paid a lot of money to Tech in the 80s and should get cheap season tickets in prime seats today." I do thank them for supporting the team for so long, but at a certain point, annual and consistent revenue streams are needed.
 
The purpose of the fund is to ensure the benefit of good seats for those who actually contribute to GT athletics.

I had a lengthy converation with someone in the AT office and it appears the only complaints have been from those with favorable seats who are giving little or no $$ to the Athletic Association.
 
MacDaddy2 said:
The purpose of the fund is to ensure the benefit of good seats for those who actually contribute to GT athletics.
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The purpose of the Tech fund is to get the GTAA out of the red.
 
ramblinwise1 said:
Be careful, Cola, if you come on here and question the TECH Fund you WILL be attacked by a bunch of trolls extolling the virtues of the argument that this is the ONLY way the AA can avoid bankruptcy...
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I doubt it, but if he comes on here blaming the administration for screwing him when he was actually too lazy to figure out what was going on, he might catch some hell.
 
Clapper,

I have read every post and reply on this subject, both here and on the hive. Several people have come up with positive feedback to the AA and it seems that most of them are sharing them with D Rad.

I would suggest that telling someone that they should have known this was coming, as you continue to do, is not helpful. Even though I am involved in my local alumni club, which can not get the AA to send a speaker, and I get the "Good Word", I did not know the details of this plan until someone posted them here. Most of the people in my party are too busy with their families and do not read any message boards. They knew nothing until I told them. If you want to give me hell, go ahead.

I do not disagree that the AA needs the money. I do think that this could have been handled better and that there are still several issues that D Rad may not have thought about.

1. Matching funds from companies - One of the people I sit with gets 2 to 1 matching on the A-T fund and is not sure they will for the Tech Fund. This will impact his decisions.
2. My brother bought a significant life insurance policy through the A-T fund and now that will not pay any of his "seat tax." He is upset and trying to determine his options, including canceling the policy.
3. We sit in 226 (16 tickets), across the aisle from 227, and our fee is $100 more than 227. For a family of four, this is a big difference. The fans sitting in the front row of 227 have much better seats than we do. I agree with AFRjacket that reseating should be included with this change. Even if the AA allowed anyone wanting to change their seats to come to the ticket office and review the available seats, it may help.
 
The emotional reaction to teh Tech Fund proposal from a group of supposedly logical thinking engineering types is really funny. If you're giving to the AT now the effect should be minimal. If you're not then you are faced with a decision as to how much GT football is worth to you, your firends, and your family.

It's very simple, life doesn't come with any guarantees and it isn't fair. Anyone who made it through GT should understand that better than most. DRad should be applauded for dealing with this issue quickly.

It is up to the Tech community to step forward and support winning athletics or we can fall further behind the big money "factory" programs. If so we will fail to give our coaches and athletes the top level support, facilities and training they need to compete. Ironically, we will still continue to bitch about mediocre programs when it is really the fan base that has proven they prefer mediocrity.
 
Cola_jacket said:
Clapper,
I would suggest that telling someone that they should have known this was coming, as you continue to do, is not helpful. Even though I am involved in my local alumni club, which can not get the AA to send a speaker, and I get the "Good Word", I did not know the details of this plan until someone posted them here. Most of the people in my party are too busy with their families and do not read any message boards. They knew nothing until I told them. If you want to give me hell, go ahead.
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Cola,
That comment was not directed toward you. You didn't start this thread by saying that the administration was out to personally screw you. You asked some valid questions. You also didn't accudse anyone that disagreed with your opinion of working for the AA.

Being busy and not up-to-date is perfectly fine, if you are willing to accept the consequences - however distasteful or unfortunate they may be. We all have our own decisions to make based upon the new circumstances. I didn't see you blame anyone.

But to accuse the administration of underhanded dealings designed to involuntarily separate you from your money, as rw1 did, was totally uncalled for given the fact that due diligence could have corrected his situation. And now he comes over here demonstrating that he still completely misses the point, while completely mucking up your thread. That deserved a response.
 
The emotional reaction to teh Tech Fund proposal from a group of supposedly logical thinking engineering types is really funny.
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qft.
 
The purposse is to get GTAA out of the red before it affects our ability to compete in the ACC.

They are trying to do this specifically by tying season tickets to regular annual contributions. Opinions on whether this will accomplish the desired goal clearly vary as indicated by this forum
 
I don't mean to hijack this thread, but with all the concerns about our money problems, what is status of GOL's payback? After all, as has been mentioned on here, he seems to have been the big one in favor of stadium expansion. The payback owed is several thousnad PSL's if I remember correctly.
 
Bogey said:
I don't mean to hijack this thread, but with all the concerns about our money problems, what is status of GOL's payback?
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Radakovich was asked that question during the Tech Fund discussion he held the middle of last month. He said that the agreement didn't allow him to discuss the details, but that it had been settled 'recently'. He also said that it was water under the bridge and he was looking forward, not critiqueing past actions. Almost a complete non-answer, except for saying it was done.
 
clapper said:
Cola,
That comment was not directed toward you. You didn't start this thread by saying that the administration was out to personally screw you. You asked some valid questions. You also didn't accudse anyone that disagreed with your opinion of working for the AA.

Being busy and not up-to-date is perfectly fine, if you are willing to accept the consequences - however distasteful or unfortunate they may be. We all have our own decisions to make based upon the new circumstances. I didn't see you blame anyone.

But to accuse the administration of underhanded dealings designed to involuntarily separate you from your money, as rw1 did, was totally uncalled for given the fact that due diligence could have corrected his situation. And now he comes over here demonstrating that he still completely misses the point, while completely mucking up your thread. That deserved a response.
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Look at Clapper kiss up and smooze to Cola. Don't fall for it my man. He just doesn't want to make any more enemies.
 
As another note--there are plenty of seats available for purchase of season tickets without a PSL. It's funny though--my seats (2) require the same exact donation as I currently make each year. Well, actually, that's not funny, it's planned. For contributing alumni, the PSL is not a major change. For the alumni that stopped contributing a long time ago and sit on top of a lot of AT points, its a big deal (the program can't live on old donations, "but it's not fair"--sorry I'll be paying your social security so don't complain to me).

This also targets alot of folks (many are my friends) that get seats through older alumni--these young folks make $0 in contributions. Why? They already get great seats. This is a great plan to get them to pony up for the best seats. IF you don't want to give--you can sit elsewhere. It's about time these people paid their share. Of course, these folks tend to be the loudest complainers--"How dare you make me pay for these great seats--I'm ENTITLED to great football for the price of Vandy football! I'll never give my $10 to the AT fund again, or my $25 to roll call. I can't go sit up in those seats not in the PSL--then people will know I don't contribute $$ to the athletic department."

Tech Fans need to stop acting like they want us to end up like Vandy and pony up. If you are grad school or raising a family, like some of us--the non-PSL seats may be a very good option though. Most likely, I'll keep my two seats in the PSL though.
 
ramblinwise1 said:
Look at Clapper kiss up and smooze to Cola. Don't fall for it my man. He just doesn't want to make any more enemies.
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Nope, just clearing things up. But don't worry, if he turns out to be as pathetically stupid as you, I'll be sure to mention it.;)

And we're enemies now? Dang. I'm going to have to step it up.
 
ramblinwise1 said:
Be careful, Cola, if you come on here and question the TECH Fund you WILL be attacked by a bunch of trolls extolling the virtues of the argument that this is the ONLY way the AA can avoid bankruptcy... there can't possibly be any better ways of doing this since God sent DRad to Tech to implement the fund as is inscribed on two stone tablets.

BTW for those who suggested I email my suggestions to DRad last week, I did. No reply yet, but I sure he will "come again".
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I think the definition of "troll" is someone who hit-n-run posts ridiculous comments in an attempt to rile up other folks on the message board. I think I've posted enough and stayed consistent enough in my opinions to prove I'm no troller.

By the way, I currently work in corporate finance of a bankrupt company so I think I have a pretty good understanding of the bankruptcy warning signs. Not that it takes a freakin' genius to know that running out of cash = bankruptcy.
 
For contributing alumni, the PSL is not a major change. For the alumni that stopped contributing a long time ago and sit on top of a lot of AT points, its a big deal (the program can't live on old donations, "but it's not fair"--sorry I'll be paying your social security so don't complain to me).
Click to expand...

QFT
 
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