Loyola-Chicago Rakes In Donations After Incredible Final Four Run
Loyola-Chicago has seen the school’s donations blow up since the basketball team made the Final Four.
ESPN reported the following:
A trip to the Final Four for Loyola-Chicago has resulted in a 660 percent increase in donations as compared to the previous year, the school announced Monday.
The private school declined to give actual dollar amounts, but said the increase represented the time period from March 1 to April 2, 2018, versus the prior year.
The amount of donations the athletic department received for this time period was 28 percent more than the previous highest total received in 1988, said Tom Soboro, Loyola’s senior associate athletic director of external operations.
This is something I often bring up when discussing the importance of sports. People who don’t like or follow sports at the college level really don’t seem to understand that sports can serve as a way to rake in money for the school.
One classic example is when Texas A&M raised more than $700 million after Johnny Manziel’s Heisman year. That money benefits much more than just the football or basketball team. That’s the kind of money that changes universities and lives for the better.
It’s a shame that we don’t have an exact dollar amount, because I’d love to know. I’d be willing to bet that it’s north of $100 million. I’m sure that Loyola has some boosters with some extremely deep pockets.
Good for Loyola! Spend the money wisely.
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