Athletics Receives Renovation Challenge to Enhance Student-Athlete Experience
$3 million commitment funds challenge grant
An anonymous donor has established a $3 million challenge grant designed to inspire charitable gifts
to fund renovations to the Arthur B. Edge Jr. Intercollegiate Athletic Center and Bud Shaw Sports
Complex estimated at $6 million with a focus on enhancing the academic and sports
medicine/rehabilitation areas.
Challenge and Project Details -
DRAFT
02/10/15
Why is the challenge being issued now?
The Anonymous donor shares our goal of providing Georgia Tech student-athletes with one of the best
combined athletic and academic experiences in the country. A challenging yet rewarding academic
curriculum is one area which sets Georgia Tech apart from our peers in the ACC. We believe our studentathletes should have all the tools and resources to excel in the classroom. In addition, our student-athletes
need to be able to prepare and recover from the physical rigors of competition on their respective field of
play so they can pursue their dreams on and off the field. It has been decades since either of these areas has
been significantly updated.
What is the goal for this challenge grant?
The goal is to provide a total of $6 million in gifts and/or commitments for the renovation project of the Edge
Center. The initial focus will be on areas which have a direct impact on the lives of student-athletes such as
the academic and sports medicine/rehabilitation areas.
How does the challenge work?
Donors who wish to help meet the challenge must make a qualifying gift or multi-year commitment.
Commitments are typically payable over a five-year period. Gifts from all challenge grant participants will
be matched on a dollar-for-dollar basis by the Anonymous donor for the purpose of qualifying them for any
of the available naming opportunities and/or recognition, thus doubling the impact of each participating
donor's gift.
What do you mean by qualifying gifts and commitments?
Only new gifts and commitments made on or after December 01, 2013 and designated for the renovation of
the Edge Center will qualify. Donors to other allocations within athletics cannot cancel and re-book a
qualifying current commitment.
Who gets the recognition?
The Anonymous donor is conveying all commemorative naming opportunities—including the challenge
grant monies—to the triggering donor(s). The triggering donor(s) may name the respective area in the facility
in their own name(s) or in honor or memory of others. Essentially, the donor(s) will be gaining naming rights
for half of the minimum gift level it would otherwise cost. Naming opportunities are listed at the end of this
document.
What is the minimum level of challenge participation?
The minimum level of challenge participation is $12,500, resulting in a $25,000 naming opportunity for the
triggering donor(s).
Do my corporate matching gifts qualify as well? How about foundations or other organizations?
Yes. There are hundreds of companies who will match the gifts of their employees and, in some cases,
retirees. The entire amount would qualify for the challenge. Gifts and commitments from foundations, other
organizations, and directly from corporations are also welcome.
When does the challenge expire?
We expect fundraising for to conclude one year after the scope and budget for the project is determined. Our
expectation is for this challenge to expire on or before December 2015, with payments, including matching
gifts, extending up to December 31, 2020.
Will there be a challenge for Phase II of Renovations?
If there is a Phase II, those details will be announced as we approach the completion of the fundraising effort
for Phase I. We are not aware of any challenge grant for a potential Phase II.
Will an estate provision or trust qualify?
Only in a handful of cases may a trust or estate provision qualify. If interested in exploring this option in
more detail, please contact any A-T development officer at (404) 894-5414.
Where do I direct any questions? Or make a qualifying commitment?
Donors can direct gifts and commitments to the Alexander-Tharpe Fund. Please contact the AlexanderTharpe Fund Office at (404) 894-5414.
Arthur B. Edge Jr. Intercollegiate Athletic Center
(TBD) Commemorative Gift Opportunities (not yet including 1:1 Matching
Funds)
Academic Center (Hearn?)
Study Hall / Commons
Conference Room / Faculty Suite
Entry Lobby
Academic Support Staff Office (10)
Total Person Staff Office (2)
Tutoring Rooms (10)
Name Recognition on Plaque
Commemorative
Gift Level
Status
From $1,500,000
From $250,000
From $250,000
From $150,000
From $50,000 / ea.
From $50,000 / ea.
From $50,000 /ea.
From $25,000
Available
Available
Available
Available
Available
Available
Available
Available (Remove for AT Board)
Sports Medicine/Rehabilitation Center From $1,000,000
Available
Hydro Therapy Room
From $250,000
Available
Exam Room / Doctor’s Office
From $100,000
Available
Trainer / Rehab Offices (10)
From $50,000 / ea. Available
Name Recognition on Plaque
From $25,000
Available (Remove for AT Board)
Other TBD: Administrative Wing; Business office; Sport specific offices
(Note: Above totals $4.8 million in naming opportunities, $3.3 million w/o Hearn. This suggests possible opportunity
for $1.2 million in existing naming opportunities or other renovation projects within Shaw Sports Complex. Need to
price scope of project then fill in above.)