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12thmonarch Offline
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Post: #81
RE: ODAF Donations
(08-04-2018 04:27 PM)ODU Oldtimer Wrote:  
(08-04-2018 10:11 AM)12thmonarch Wrote:  
(08-03-2018 11:27 PM)monarx Wrote:  How long is the campaign to reach $40 mil? 3 years? 5? 10? Didn’t see that on the site.

I think its set to be raised over four years as part of a larger campaign with 40 MM going to Athletics. Here are the blurbs from the article in DP.

ODU Capital Campaign

The pace for ODU’s recently announced capital campaign is more measured. As articulated by university John Broderick, the goal is $200 million over four years, with $40 million earmarked for athletics.

Half of that $40 million is targeted for a second stadium enhancement — Selig calls it “Phase Two” — the other half for scholarships, annual and endowed, and a women’s volleyball program that’s set to begin competition in 2020.

My understanding is after the initial announcement in 2016 and this Article in the Daily Press 9/2017, the amount was bumped up and the new target for the overall fundraiser is NOW $250 Million.

If Selig and Broderick or singing from the same page in this song book, Selig is implying that a lot of the 2nd Phase will be planned and incorporated in the Construction NOW * $20 million of the $40 mill will be for “Phase Two” as Ballard begins the construction of Phase One … Student section, improving the Scoreboard and potentially Club seats all during the initial Phase I construction. That's if I understand what is being implied.

http://www.dailypress.com/sports/dp-spt-...y.html]ODU Capital Campaign[/url]
from the article....."Additions could include improving the scoreboard and/or south end-zone seating. The more revenue an upgrade might generate — think club seats — the better chance it has of making the cut"

Current Athletic reported numbers.....June 30, 2016 -July 31, 2017
* Scholarship Endowments Athletics .... $1,172,384

* Premium Seating Contributions Athletic Donations ….. $1,944,394

* Athletic Capital Improvements Athletics Only … $854,843

* Operations Annual Fund Athletic Only... $5,024,054

* Unrestricted Donations Athletics Only ….. $3,232,750

* TOTAL DONATIONS RAISED Ending July 31, 2017 …. $12,228,425

The first Fundraising Initiative Steering Committee meeting was held on November 28. Due to the initiative’s success in raising $78 million since it began in * July 2016, the goal was increased from $200 to $250 million. Bruce Bradley and Dick Barry are leading this effort and Donna Scassera is a member of the committee, which includes community leaders and ODU graduates.

During ODU President, John Broderick's 10 year tenure at Old Dominion the University has received more than $800 million in new public and private resources. *The University is pursuing a $250 million fundraising initiative to increase resources for scholarships, faculty research and academic centers, among other areas. Included in the $250 million initiative is the "August 2017 Initiative for Athletics" where Broderick upped the drive to aid the Athletic Department…. I'm certain the new fundraising drive has played a part in the record setting Donations for the Athletic Department (ODAF). The University has currently raised as of July 31 - $17,500,000 for the 40 million Fundraising Initiative "Athletics" . However this is a broader University wide fundraiser and those donations can be earmarked as the donor would dictate.

"In August of 2017 ODU President, John Broderick, announced a fundraising initiative for Old Dominion University. As a part of the universities total $250 million initiative for the entire University is the new directive to aid in raise money for (ODAF) Old Dominion Athletic Foundation. The task is to raise $40,000,000 in support of ODU Athletics and our student-athletes. As we look to move our program forward it is our mission for ODU Athletics to be recognized nationally for excellence in intercollegiate athletics. We are confident that this athletics initiative will give ODU Athletics the resources to rise to national prominence".

ODAF … http://www.olddominionaf.com/media/1321/...meplan.pdf

ODAF Fundraising... http://www.olddominionaf.com/

Referenced from … https://www.odu.edu/about/president#ad-image-0

Good find OT 04-cheers. Hopefully we get the half of that 40 MM before the construction begins in 2019 and include that Lighting improvements, sound system and Scoreboard in the phase 1.
08-04-2018 07:10 PM
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Old Dominion Online
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Post: #82
RE: ODAF Donations
scoreboard has already been included, hasn't it?
08-04-2018 07:12 PM
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12thmonarch Offline
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Post: #83
RE: ODAF Donations
(08-04-2018 07:12 PM)Old Dominion Wrote:  scoreboard has already been included, hasn't it?

It wasn't part of the 65 MM that was approved for the stadium as per this article. From reading it further i am getting a sense that a part of half of 40 MM raised for phase 2 through the campaign will help with the scoreboard and looks like we already have money set aside for the turf from this little blurb in the article below.

ODU has money in hand for the new turf, which is expected to cost about $1 million. Selig said ODU has some money set aside for a new scoreboard but that additional fundraising or corporate sponsorship may be necessary to install the kind of scoreboard the school desires.

https://pilotonline.com/sports/college/o...f6ec5.html
(This post was last modified: 08-05-2018 09:12 AM by 12thmonarch.)
08-04-2018 10:16 PM
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ODU Oldtimer Offline
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Post: #84
RE: ODAF Donations
(08-04-2018 04:27 PM)ODU Oldtimer Wrote:  
(08-04-2018 10:11 AM)12thmonarch Wrote:  
(08-03-2018 11:27 PM)monarx Wrote:  How long is the campaign to reach $40 mil? 3 years? 5? 10? Didn’t see that on the site.

I think its set to be raised over four years as part of a larger campaign with 40 MM going to Athletics. Here are the blurbs from the article in DP.

ODU Capital Campaign

The pace for ODU’s recently announced capital campaign is more measured. As articulated by university John Broderick, the goal is $200 million over four years, with $40 million earmarked for athletics.

Half of that $40 million is targeted for a second stadium enhancement — Selig calls it “Phase Two” — the other half for scholarships, annual and endowed, and a women’s volleyball program that’s set to begin competition in 2020.

My understanding is after the initial announcement in 2016 and this Article in the Daily Press 9/2017, the amount was bumped up and the new target for the overall fundraiser is NOW $250 Million.

If Selig and Broderick or singing from the same page in this song book, Selig is implying that a lot of the 2nd Phase will be planned and incorporated in the Construction NOW * $20 million of the $40 mill will be for “Phase Two” as Ballard begins the construction of Phase One … Student section, improving the Scoreboard and potentially Club seats all during the initial Phase I construction. That's if I understand what is being implied.

http://www.dailypress.com/sports/dp-spt-...y.html]ODU Capital Campaign[/url]
from the article....."Additions could include improving the scoreboard and/or south end-zone seating. The more revenue an upgrade might generate — think club seats — the better chance it has of making the cut"

Current Athletic reported numbers.....June 30, 2016 -July 31, 2017
* Scholarship Endowments Athletics .... $1,172,384

* Premium Seating Contributions Athletic Donations ….. $1,944,394

* Athletic Capital Improvements Athletics Only … $854,843

* Operations Annual Fund Athletic Only... $5,024,054

* Unrestricted Donations Athletics Only ….. $3,232,750

* TOTAL DONATIONS RAISED Ending July 31, 2017 …. $12,228,425

The first Fundraising Initiative Steering Committee meeting was held on November 28. Due to the initiative’s success in raising $78 million since it began in * July 2016, the goal was increased from $200 to $250 million. Bruce Bradley and Dick Barry are leading this effort and Donna Scassera is a member of the committee, which includes community leaders and ODU graduates.

During ODU President, John Broderick's 10 year tenure at Old Dominion the University has received more than $800 million in new public and private resources. *The University is pursuing a $250 million fundraising initiative to increase resources for scholarships, faculty research and academic centers, among other areas. Included in the $250 million initiative is the "August 2017 Initiative for Athletics" where Broderick upped the drive to aid the Athletic Department…. I'm certain the new fundraising drive has played a part in the record setting Donations for the Athletic Department (ODAF). The University has currently raised as of July 31 - $17,500,000 for the 40 million Fundraising Initiative "Athletics" . However this is a broader University wide fundraiser and those donations can be earmarked as the donor would dictate.

"In August of 2017 ODU President, John Broderick, announced a fundraising initiative for Old Dominion University. As a part of the universities total $250 million initiative for the entire University is the new directive to aid in raise money for (ODAF) Old Dominion Athletic Foundation. The task is to raise $40,000,000 in support of ODU Athletics and our student-athletes. As we look to move our program forward it is our mission for ODU Athletics to be recognized nationally for excellence in intercollegiate athletics. We are confident that this athletics initiative will give ODU Athletics the resources to rise to national prominence".

ODAF … http://www.olddominionaf.com/media/1321/...meplan.pdf

ODAF Fundraising... http://www.olddominionaf.com/

Referenced from … https://www.odu.edu/about/president#ad-image-0

Due to the initiative’s success in raising $78 million since it began in * July 2016, the goal was increased from $200 to $250 million.

According to President Broderick in his 11th State of the University Address, we have now raised $115 million toward its $250 million fundraising initiative. That is up from....$78 million 1 year ago (July 16, 2017).
08-22-2018 11:50 AM
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ODU Oldtimer Offline
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Post: #85
RE: ODAF Donations
ODAF New Donation numbers August 23, 2018

*** TOTAL DONATIONS RAISED *** toward the $40,000,000 million Athletic Fund Raising Goal.

* July 31, 2017 - during that 13 Month period, the Fund/Donations grew by $5,000,000 and we had the following: $12,228,000 million

* July 31, 2018 - $17,500,000 million

* August 23, 2018 - New numbers just released - NOW an amazing $19,000,000 - (47% toward our goal). The Fund/Donations grew to $19,000,000, An increase of almost $2,000,000 during the 2 month period.


As well as a $115 million toward its $250 million fundraising initiative.
(This post was last modified: 08-24-2018 10:19 PM by ODU Oldtimer.)
08-24-2018 10:04 PM
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bit_9 Offline
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Post: #86
RE: ODAF Donations
Thats pretty darn impressive.

Posted from mobile device. Hopefully it's coherent.
(This post was last modified: 08-24-2018 10:16 PM by bit_9.)
08-24-2018 10:16 PM
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