DONATE NOW TO HELP SUPPORT YOUR LONGHORNS!
We would like to thank and recognize those who have generously donated to the Club
DONATIONS FOR ANNUAL OPERATING EXPENSES (THE ANNUAL FUND)
Your gift helps the players and coaches focus on playing soccer and winning championships rather than fund-raising. Texas Men's Soccer receives a small annual allocation from the Division of Recreational Sports (UT Rec Sports) to help offset some of the expenses of the club. However, the majority of our expenses must be subsidized through membership dues, team fundraisers, and your generous donations.
The Alumni Association is registered as a 501.c.3 organization, so your donation can be written off as a charitable contribution if you follow the 2 easy steps below. Thank you for your support!
HOW TO DONATE:
STEP 1: Click the Donate Button on the right to be directed to our secure paypal donation page. (Paypal.me/UTSoccer)
STEP 2: Save the Paypal receipt for your personal records.
DONATIONS TO THE ENDOWMENT FUND
The UT Soccer Alumni Association, in conjunction with the Texas Exes, is embarking on a capital campaign to raise funds for an Endowment Fund to benefit the UT Men’s Soccer Club. The long-term goal is to grow this endowment balance to a level significant enough to provide more autonomy for the club and return material cash dividends to the club on an annual basis. At some point in the future when the Alumni Association feels it is in the best interest of the Club, the annual dividends will help offset various club operating expenses including equipment, tournament entry, and travel and lodging, with the goal of keeping annual dues affordable for club members. The Endowment Fund will help continue to achieve the club’s ongoing goal of being THE PREMIER COLLEGE CLUB SOCCER PROGRAM in the United States.
DONATE BY MAIL:
Texas Exes – Texas Men’s Soccer
P.O. Box 142309
Austin, TX 78714
Important: Make sure to include “Texas Men’s Soccer” in the memo line or make the check payable to “Texas Exes – Texas Men’s Soccer.
ABOUT THE ENDOWMENT
What is an Endowment?
- Donations made to a non-profit group or institution in the form of investment funds that has a stated purpose.
- Capital Campaign to raise donations that would create a principal balance on which an annual return (typically 4-5% annual dividends) would be paid back to the Club.
Why an Endowment?
- Annual dividends will help pay for various Club operating expenses.
- Help keep annual dues affordable for club members.
- Help the club become more financially autonomous in the long run.
After multiple meetings with UT RecSports Coordinator Randall Ford and key figures within Texas Exes, Alumni leaders Josh Holley and Jon McCain reported back to a group of interested alums via conference calls, and it was decided that setting up the Endowment through Texas Exes would be in the best interest of the Club and its Alumni. Texas Exes is well equipped to handle the receipt of the donations, the donation “Thank you” letters, investment strategy for the principal balance, and the ongoing maintenance of the Endowment Fund. Texas Exes’ intent is to distribute an amount each year to our Association based on a distribution formula of our choice. However, the short-term goals of the Alumni Association are to grow the principal balance to a more substantial level by leaving the dividends in the Fund for quicker growth.
Formation of the UT Men’s Soccer Alumni Association
As part of this process, Texas Exes required that the Fund be affiliated with a 501(c)3, and the UT Men’s Soccer Alumni Association was born soon after. A fully registered Texas Nonprofit Corporation filed through the Texas Secretary of State, the Association has also been officially granted 501(c)3 status with the IRS. This creates additional annual reporting & filing requirements, and it’s our hope that our Alumni will step up and help with this.
Our next step was to sign the Endowment Agreement with Texas Exes, and they very quickly created a platform that is live and ready to accept donations. Texas Exes indicated that a minimum of $30K principal balance will be required before the fund will be endowed and distributions may begin. The ongoing Capital Campaign is the next step!