Water Polo Gets New Financial Targets
April 7, 2012
COLLEGE PARK, Md. - The University of Maryland athletics department announced Friday a new fund-raising plan for the Save Our Sports campaign for women's water polo.
Through collaborative efforts with supporters of the water polo program, adjusted fund-raising goals have been set. The adjusted plan includes benchmarks that would need to be met in order to extend
The fund-raising timeline will be extended to Dec. 31, 2012 to raise $2,102,683, provided cash gifts are deposited in the University of Maryland, College Park Foundation account totaling $1,051,341 by June 30, 2012.
Further, the eight-year total goal of $4,205,366 would be due by Dec. 31, 2013. The goal to establish the full endowment necessary to ensure the program's long-term sustainability remains in place. The full endowment amount of $13.1 million will be due by June 2020.
The department has been working with each sport to help identify and cultivate donors and increase outreach efforts. Other efforts to date have included:
"It's my hope that this new plan provides us with the best possible opportunity for success, while adhering to the fiscal principles that were outlined by the President's Commission on Athletics," said director of athletics Kevin Anderson.
"Maryland Athletics is, and must remain, a self-supporting unity, responsible for covering expenses with athletics-related revenues," said Anderson. "Our commitment to our student-athletes, staff and our fans is to continue to pursue excellence in everything we do."
If the campaign is unsuccessful and the team is eliminated, all affected student-athletes will retain their scholarships through to graduation and all coaching contracts will be honored. For those student-athletes who wish to transfer, all due assistance will be provided.
- Terps -