FUNDING THE PRESENT....ENSURING THE FUTURE|
- Need for endowments/NCAA allowed scholarships
As is true for the entire university, the best way for Texas Tech Athletics to sustain the growth it has enjoyed in recent years is through an endowment. An endowment account guarantees spendable income annually while the corpus of the gift continues to build for the future.
Texas Tech Athletics offers several different endowment programs to meet your needs. These range in giving from a $10,000 donation to establish a general scholarship endowment to $2 million to establish the Head Football Coaches Endowment, with naming rights.
Whatever your preference or giving aspirations, we would like to help you in creating your own legacy within Texas Tech Athletics.
For further information on endowment opportunities, please contact the Red Raider Club at (806) 742-1196 or toll free 1-877-554-3850.
- Named Coaches Position Endowments
With this commitment, you earn naming rights to the Head Coaching position in your sport of choice. This commitment is payable over 5 years.
|Men's Basketball ||$1,500,000|
|Track & Field||$1,000,000|
- Clifford B. Jones Named Position Scholarship Endowments
The Clifford B. Jones Named Position Scholarship Endowment gives the Donor the naming rights to a position of choice on any Texas Tech Athletics Team. This commitment has two donation options.
A self-educated businessman and civic leader, Clifford B. Jones was a successful banker, rancher, company executive, and public servant. He became president of Texas Tech University in 1939.
- A cash gift of $200,000 to establish the Named Position Endowment, payable over five years, or;
- A cash gift of $10,000 per year designated to the Named Position Scholarship Fund for ten years in conjunction with a planned gift designated to the Position Endowment, with a minimum value of $200,000.
The Clifford B. Jones Endowment, created in 1999, is designed to ensure the quality and excellence of the athletic program at Texas Tech University. Prior to his death in 1972, Jones and his wife Audrey provided the first gift to establish the initial Clifford B. Jones Scholarship.
The goal of the Clifford B. Jones endowment program is to permanently and fully endow athletic scholarships for all sports at Texas Tech. To accomplish this, $43 million must be secured. A minimum of $200,000 is required to fund an endowed Clifford B. Jones named position scholarship. At this level of giving, donors create an endowment in support of an athletic position of their choice. For example, a donor may choose to support a scholarship for the position of linebacker, pitcher, or forward.
Previously Named Positions (as of February 2008)
|Football||Rush Defensive End|
|Men's Track & Field||800 Meter Run|
|Women's Basketball||Point Guard|
- Lifetime Endowments
For a one-time gift of $50,000, you can establish a Red Raider Club Lifetime Endowment. This type of endowment will ensure you receive all the appropriate benefits annual Red Raider Club members receive, including parking and donor-based seating requirements.
Lifetime Endowments are unrestricted and directed towards academic scholarships for student-athletes in all sports.
- General Athletic Scholarship Endowments
You may wish to establish a scholarship endowment for a specific sport or purpose. You may also wish to do this in honor or in memory of a loved one.
With a minimum of a $10,000 cash donation, a scholarship endowment may be established in the sport of your choice. A general scholarship endowment may also be unrestricted and used across all sports.
- Endowment Benefits Chart [click here]
- Red Raider Club - Donor List [click here] (Donor listing updated February 18th, 2008 and reflects the 2007 drive year - June 1, 2006 to May 31, 2007)
- Car Coaches [click here]