How Much money will Hobbs announce at 11:00 (including $25 million tax credits)?
- Thread starter RU85inFla
- Start date
You don't hold a video conference to deliver bad news.
This IS NOT the old Rutgers we all fell in love with.
Hobbs and Greg Brown have been killing it on the fund raising front.
Looking forward to 11:00
Rutgers Athletics Big Ten Build Campaign Surpasses $50 Million
Three largest gifts in athletics history bolster $100 million campaign to meet facilities goal
May 10, 2016
PISCATAWAY, N.J. – The Rutgers University Division of Athletics today announced that “R B1G Build,” a comprehensive campaign launched on Jan. 20 to raise $100 million for new or upgraded facilities, has surpassed the $50 million milestone. The initiative has received 10 donations of more than $1 million, including the three largest gifts in Rutgers Athletics history, which combine to exceed $11 million.
The record-setting major gifts were provided by Chairman of the Rutgers Board of Governors and Motorola Solutions CEO Greg Brown and his wife Anna, noted real estate developer Steven Plofker and makeup mogul Bobbi Brown, and business leaders and philanthropists Jeff and Amy Towers.
“This generous support will help meet critical needs for our student-athletes to successfully compete in the nation’s premier academic and athletic conference,” said Rutgers Director of Athletics Patrick Hobbs. “We are very grateful to all those who have contributed, especially Greg and Anna Brown, Steven Plofker and Bobbi Brown and Jeff and Amy Towers for their unwavering belief in our mission. Having supporters who not only understand what it takes to compete on an elite level, but provide the resources to help lead us there, is integral to our success. They also hope that their support will inspire others to reach at this critical time.
“We have come a long way in ‘R B1G Build,’ but there’s much work ahead. It’s incredibly energizing to witness the Rutgers community coming together in support of its student-athletes. I look forward to our continued success as we accomplish our goals together.”
“I am impressed, but not at all surprised, by the fundraising progress made thus far,” said Rutgers President Dr. Robert Barchi. “Pat Hobbs is an engaging leader with the ability to project our shared vision for Big Ten success. The support of benefactors, whether it be academic or athletic, is essential to University growth. Rutgers is very appreciative of the giving it receives in support of its more than 600 student-athletes.”
Phase I of The Big Ten Build, created in collaboration with the University Physical Master Plan, includes three projects: a Multisport Training Complex adjacent to the Rutgers Athletic Center, a Lacrosse, Soccer and Tennis Training Complex, and an enhanced Football Training Complex at the Hale Center. These pivotal projects will result in additional square feet of critical training space and will have a dramatic and wide-ranging impact on all 24 programs and on the more than 600 student-athletes who represent Rutgers on a national stage.
The decision was made to launch this campaign after Governor Christie signed the legislation granting $25 million of tax credits toward the Multisport Training Complex. These tax credits, combined with the $29.3 million raised to date, put this initiative well on its way to completion.
Brown and his wife Anna have been longtime supporters of Rutgers University academics and athletics. The chairman and chief executive officer of Motorola Solutions, Inc., Brown joined Motorola in January 2003 and became CEO in January 2008. He serves as chair of the Federal Reserve Bank of Chicago and is also chair of Skills for Chicagoland’s Future. He is a member of the executive committee of the Business Roundtable. Brown earned a bachelor's degree in economics and an honorary doctorate in humane letters from Rutgers and serves as chair of the University’s Board of Governors. Anna is the granddaughter of Henry and Anna Starr, who founded the Rutgers University Psychological Clinic in 1929.
”Rutgers is a leading national University and we want to compete for championships in all that we do,” said Greg Brown. “It is essential that we capitalize on the opportunity that Big Ten Conference membership provides us. Improved facilities are a priority. There is an increased excitement for Rutgers, both regionally and nationally. With continued engagement and commitment, we will ensure a very productive future for our athletics program and its student-athletes.”
Plofker is a real estate developer, business owner, and attorney. With his wife, Bobbi, he founded Bobbi Brown Cosmetics, now a division of Estee Lauder Inc. Steven earned his B.A from Rutgers University (1978), a MCP from Harvard University (1980) and a J.D. from Rutgers University School of Law (1993). Bobbi is a graduate of Emerson College (1979).
"It is an exciting time at Rutgers," said Plofker. "Bobbi and I have great confidence in the leadership of the University and the athletics program. As an alumnus and fan, I’m very optimistic about our future. We hope that our commitment will inspire others."
"The energy and positive momentum at Rutgers and its athletic program is awesome," said Bobbi Brown. "We are proud to support the pursuit of academic and athletic excellence. Attending Rutgers is a tremendous opportunity and Steven and I want to ensure that our students have a great college experience."
The Towers are no strangers to fundraising or supporting community efforts. Jeff has spent more than 30 years leading robust fundraising campaigns at some of the largest nonprofit organizations in the U.S. Amy spent 14 years in the financial sector, before turning her efforts to philanthropic endeavors intended to affect sustainable change and protecting the human rights of people, especially those in conflict countries.
“This is a pivotal moment in history for Rutgers Athletics,” said Jeff Towers. “Membership in the Big Ten provides Rutgers the platform to tap into the riches of the largest sports and media market in America. As the only Power 5 program in this region, Rutgers has every reason to be optimistic about its chances to field championship teams in every sport. That won’t happen, however, without the facilities student-athletes need to train at a championship level. The Big Ten Build Campaign represents a paradigm shift for Rutgers Athletics and is an opportunity for the Rutgers Nation to build a program it can be proud of. As rabid college sports fans who have come to love Rutgers, Amy and I couldn’t let this opportunity pass without doing our part in getting this campaign off to a great start.”
“As a third generation graduate of a Big Ten University, and having experienced the transformational change of the Barry Alvarez years at the University of Wisconsin-Madison, I understand how important championship sports teams are to not only raising a university’s profile, but in creating a strong sense of engagement and pride for students and alumni alike,” said Amy Towers.
The Big Ten Build will provide state-of-the-art practice centers for men’s and women’s basketball, wrestling, volleyball, and gymnastics, as well as key support areas for football, men’s and women’s lacrosse, men’s and women’s soccer and tennis.
These facilities will meet a crucial need for high-performance training, exceptional academic support, first-class sports medicine, and critical shared pathways that will support a championship culture at Rutgers.
For more information on “R B1G Build” and to make a five-year pledge to the campaign, please visit RutgersBigTenBuild.com.
http://www.scarletknights.com/genrel/051016aaa.html
Three largest gifts in athletics history bolster $100 million campaign to meet facilities goal
May 10, 2016
PISCATAWAY, N.J. – The Rutgers University Division of Athletics today announced that “R B1G Build,” a comprehensive campaign launched on Jan. 20 to raise $100 million for new or upgraded facilities, has surpassed the $50 million milestone. The initiative has received 10 donations of more than $1 million, including the three largest gifts in Rutgers Athletics history, which combine to exceed $11 million.
The record-setting major gifts were provided by Chairman of the Rutgers Board of Governors and Motorola Solutions CEO Greg Brown and his wife Anna, noted real estate developer Steven Plofker and makeup mogul Bobbi Brown, and business leaders and philanthropists Jeff and Amy Towers.
“This generous support will help meet critical needs for our student-athletes to successfully compete in the nation’s premier academic and athletic conference,” said Rutgers Director of Athletics Patrick Hobbs. “We are very grateful to all those who have contributed, especially Greg and Anna Brown, Steven Plofker and Bobbi Brown and Jeff and Amy Towers for their unwavering belief in our mission. Having supporters who not only understand what it takes to compete on an elite level, but provide the resources to help lead us there, is integral to our success. They also hope that their support will inspire others to reach at this critical time.
“We have come a long way in ‘R B1G Build,’ but there’s much work ahead. It’s incredibly energizing to witness the Rutgers community coming together in support of its student-athletes. I look forward to our continued success as we accomplish our goals together.”
“I am impressed, but not at all surprised, by the fundraising progress made thus far,” said Rutgers President Dr. Robert Barchi. “Pat Hobbs is an engaging leader with the ability to project our shared vision for Big Ten success. The support of benefactors, whether it be academic or athletic, is essential to University growth. Rutgers is very appreciative of the giving it receives in support of its more than 600 student-athletes.”
Phase I of The Big Ten Build, created in collaboration with the University Physical Master Plan, includes three projects: a Multisport Training Complex adjacent to the Rutgers Athletic Center, a Lacrosse, Soccer and Tennis Training Complex, and an enhanced Football Training Complex at the Hale Center. These pivotal projects will result in additional square feet of critical training space and will have a dramatic and wide-ranging impact on all 24 programs and on the more than 600 student-athletes who represent Rutgers on a national stage.
The decision was made to launch this campaign after Governor Christie signed the legislation granting $25 million of tax credits toward the Multisport Training Complex. These tax credits, combined with the $29.3 million raised to date, put this initiative well on its way to completion.
Brown and his wife Anna have been longtime supporters of Rutgers University academics and athletics. The chairman and chief executive officer of Motorola Solutions, Inc., Brown joined Motorola in January 2003 and became CEO in January 2008. He serves as chair of the Federal Reserve Bank of Chicago and is also chair of Skills for Chicagoland’s Future. He is a member of the executive committee of the Business Roundtable. Brown earned a bachelor's degree in economics and an honorary doctorate in humane letters from Rutgers and serves as chair of the University’s Board of Governors. Anna is the granddaughter of Henry and Anna Starr, who founded the Rutgers University Psychological Clinic in 1929.
”Rutgers is a leading national University and we want to compete for championships in all that we do,” said Greg Brown. “It is essential that we capitalize on the opportunity that Big Ten Conference membership provides us. Improved facilities are a priority. There is an increased excitement for Rutgers, both regionally and nationally. With continued engagement and commitment, we will ensure a very productive future for our athletics program and its student-athletes.”
Plofker is a real estate developer, business owner, and attorney. With his wife, Bobbi, he founded Bobbi Brown Cosmetics, now a division of Estee Lauder Inc. Steven earned his B.A from Rutgers University (1978), a MCP from Harvard University (1980) and a J.D. from Rutgers University School of Law (1993). Bobbi is a graduate of Emerson College (1979).
"It is an exciting time at Rutgers," said Plofker. "Bobbi and I have great confidence in the leadership of the University and the athletics program. As an alumnus and fan, I’m very optimistic about our future. We hope that our commitment will inspire others."
"The energy and positive momentum at Rutgers and its athletic program is awesome," said Bobbi Brown. "We are proud to support the pursuit of academic and athletic excellence. Attending Rutgers is a tremendous opportunity and Steven and I want to ensure that our students have a great college experience."
The Towers are no strangers to fundraising or supporting community efforts. Jeff has spent more than 30 years leading robust fundraising campaigns at some of the largest nonprofit organizations in the U.S. Amy spent 14 years in the financial sector, before turning her efforts to philanthropic endeavors intended to affect sustainable change and protecting the human rights of people, especially those in conflict countries.
“This is a pivotal moment in history for Rutgers Athletics,” said Jeff Towers. “Membership in the Big Ten provides Rutgers the platform to tap into the riches of the largest sports and media market in America. As the only Power 5 program in this region, Rutgers has every reason to be optimistic about its chances to field championship teams in every sport. That won’t happen, however, without the facilities student-athletes need to train at a championship level. The Big Ten Build Campaign represents a paradigm shift for Rutgers Athletics and is an opportunity for the Rutgers Nation to build a program it can be proud of. As rabid college sports fans who have come to love Rutgers, Amy and I couldn’t let this opportunity pass without doing our part in getting this campaign off to a great start.”
“As a third generation graduate of a Big Ten University, and having experienced the transformational change of the Barry Alvarez years at the University of Wisconsin-Madison, I understand how important championship sports teams are to not only raising a university’s profile, but in creating a strong sense of engagement and pride for students and alumni alike,” said Amy Towers.
The Big Ten Build will provide state-of-the-art practice centers for men’s and women’s basketball, wrestling, volleyball, and gymnastics, as well as key support areas for football, men’s and women’s lacrosse, men’s and women’s soccer and tennis.
These facilities will meet a crucial need for high-performance training, exceptional academic support, first-class sports medicine, and critical shared pathways that will support a championship culture at Rutgers.
For more information on “R B1G Build” and to make a five-year pledge to the campaign, please visit RutgersBigTenBuild.com.
http://www.scarletknights.com/genrel/051016aaa.html
http://www.app.com/story/sports/col...ndraising-surpasses-50m-3-big-gifts/84161354/
"There have been 10 gifts of more than $1 million among the 923 total contributions."
Does that seem right? ONLY 923 total contributions? 923? That is an awful number.
Pat Hobbs called me yesterday to thank me for my donation, and I though mine was quite insignificant.
"There have been 10 gifts of more than $1 million among the 923 total contributions."
Does that seem right? ONLY 923 total contributions? 923? That is an awful number.
Pat Hobbs called me yesterday to thank me for my donation, and I though mine was quite insignificant.
This was my thought. I'm guessing they've been really aggressive so far with the big money and now that they've secured those pledges they'll start to go after a wider base for smaller donations. I hope so, anyway.
I was at the Hall of Distinguished Alumni dinner Saturday. Barchi let the number slip in his remarks. Barchi made a self deprecating joke about being a slow learner and going through some coaches and ADs but he is excited about the team in place now, and our future.
I was happy to congratulate Jason and Devin and say hi to Kevin Malast.
I was happy to congratulate Jason and Devin and say hi to Kevin Malast.
Regardless of whether it's 60 or 70 million I like that the private total is in the 10s of millions, something we've never done here before. 30-45 million in private funds is a very nice step in the right direction with regards to fundraising.
It might be small on the scale of some other schools but it's new here for us with regards to athletics. I've always said the AD that can do that kind of fundraising here would be the first. If he can continue with this trajectory, I've said that AD would even deserve a few misses on coaching hires. In my mind, that's how groundbreaking this kind of fundraising is for us given our history with it.
I've always said expanding the pool of donors is key and that finding previously disinterested alums, local people and businesses would be very important. I wonder if we'll find out from where some of these donations, particularly the larger ones might have come.
It might be small on the scale of some other schools but it's new here for us with regards to athletics. I've always said the AD that can do that kind of fundraising here would be the first. If he can continue with this trajectory, I've said that AD would even deserve a few misses on coaching hires. In my mind, that's how groundbreaking this kind of fundraising is for us given our history with it.
I've always said expanding the pool of donors is key and that finding previously disinterested alums, local people and businesses would be very important. I wonder if we'll find out from where some of these donations, particularly the larger ones might have come.
Right now the link to donate on the Big 10 Build website is down. Either a great sign, or terrible timing.
It means the multi-purpose facility is moving forward as we speak. He is quite confident all of the building will be done and then move to Phase II which will include RAC work.
"A high school recruit today will practice in the facility."
Headlines I didn't expect to see "Crush of eager donors crash RU fundraising site." Would like to be wrong.
Hopefully not another denial of service attack.
That's where I heard it as well. His comment about being a "slow learner" but "finally getting it right." Was pretty funny.
This is all great I don't want to sound like I'm bitching and moaning at all, but is there any program in place or being discussed to upgrade/re-do the RAC in any meaningful way? Is a RAC improvement more long-term and involve future B1G TV money? I am out of the loop on this stuff and would appreciate some insight.
A his press conference, Hobbs said they would be updating the site today, so I assume it's been pulled down for that to happen.
Yes but it's not a first priority. I think the overall costs associated with the athletics wishlist from the most recent master plan was $300 million plus. So this is step one to address a portion of that wish list.
Would think that most of the front end of the process has been fleshed out - & near final plans fully drawn out.
do plans have to go through local governmental boards? or does Rutgers have autonomy & can "self approve" plans & move forward without some protracted local review?
OH yea really same old same old Rutgers, you put lipstick on a pig as you chose to put STATE TAX CREDIT as part of the Funds raised (NOTE WE GAVE Sweeny 600Million in tax credit to get this pittance 25M)
Rutgers alums only 29Million as I said Dear Ole Rutgers does not disappoint.
I get what you're saying about using the tax credit number in the total raise. But, considering it's the most we've ever donated not sure you could say disappointing. Gotta start somewhere dude why are you so angry?
Btw that David Stern comment was bad sarcasm.
D stern comment was an aside.
It's not same ole Rutgers though if it's the hugest we've ever done. Much work to be done though.
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