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KTR Million Dollar Match Day 37 update

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mikebal9

All-Conference
Oct 15, 2005
5,741
4,987
113
This may have already happened, but I was hoping someone could walk me through how all of this works. Let's say a fictional giver donates $1000 to the cause. What happens next? I know that 15% goes to overhead, which makes perfect sense. But what exactly happens to that money? Also, from an athlete's perspective, how does it work? They contact KTR and say they are interested in a deal? Then what?
I think if I understood more about how it all works, I'd be more inclined to help. I would imagine many feel the same way.
 
M

MLBash93

All-Conference
Jan 23, 2012
1,507
2,175
113
mikebal9 said:
This may have already happened, but I was hoping someone could walk me through how all of this works. Let's say a fictional giver donates $1000 to the cause. What happens next? I know that 15% goes to overhead, which makes perfect sense. But what exactly happens to that money? Also, from an athlete's perspective, how does it work? They contact KTR and say they are interested in a deal? Then what?
I think if I understood more about how it all works, I'd be more inclined to help. I would imagine many feel the same way.
Click to expand...
So are these fictional doners just lining the people in charge of KTR's pockets? 15% in overhead? Do those "board members" just make more money?
 
M

mikebal9

All-Conference
Oct 15, 2005
5,741
4,987
113
Mbash93 said:
I am asking what kind of "overhead" goes into this? Or does who ever runs the KTR just get a little piece of the pie?
Click to expand...
It's spelled out on their site:

85%. Knights of The Raritan keeps its overhead costs as low as possible, but must cover expenses related to IT, legal, marketing materials, content creation, student athletes education, fan engagement experiences, and bookkeeping. The Board of Directors review finances on an ongoing basis to ensure funds are spent in ways that most benefit the athletes.
 
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RUJON

All-Conference
Jun 23, 2001
4,623
4,534
66
For what seems like the millionth time.

NONE of the boards members including myself get paid for any of our time. PERIOD.

The 15 percent is for administrative costs for our partner who manages all legal, accounting and marketing.

Much of that money gets REINVESTED in membership benefits like events, advertising, signed balls which we have to pay for.

If I'm sounding a little snarky here its because given the amount of time we all volunteer for this effort it hurts when someone accuses us of trying to rip off the donors or the kids.

Hopefully this will be the last time I have to address this.

Jon
 
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E

Eagleton95.99

All-American
Jul 25, 2001
7,562
6,490
113
RUJON said:
RUJON said:
For what seems like the millionth time.

NONE of the boards members including myself get paid for any of our time. PERIOD.

The 15 percent is for administrative costs for our partner who manages all legal, accounting and marketing.

Much of that money gets REINVESTED in membership benefits like events, advertising, signed balls which we have to pay for.

If I'm sounding a little snarky here its because given the amount of time we all volunteer for this effort it hurts when someone accuses us of trying to rip off the donors or the kids.

Hopefully this will be the last time I have to address this.

Jon
Click to expand...

For what seems like the millionth time.

NONE of the boards members including myself get paid for any of our time. PERIOD.

The 15 percent is for administrative costs for our partner who manages all legal, accounting and marketing.

Much of that money gets REINVESTED in membership benefits like events, advertising, signed balls which we have to pay for.

If I'm sounding a little snarky here its because given the amount of time we all volunteer for this effort it hurts when someone accuses us of trying to rip off the donors or the kids.

Hopefully this will be the last time I have to address this.

Jon
Click to expand...
Thank you for all you do. Just remember the dudes asking those questions aren’t going to be your supporters or difference makers anyway.
 
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S

Scarlet83

Heisman
Feb 4, 2004
9,535
10,674
103
Mbash93 said:
So are these fictional doners just lining the people in charge of KTR's pockets? 15% in overhead? Do those "board members" just make more money?
Click to expand...
What is wrong with you? The board members are VOLUNTEERS. That has been discussed by many people many times all over the place, including Schiano, Pike, Hobbs, Jon etc etc. And it’s on their website, and the website link has been posted about 50 times on these message boards over the past 8 or so months.

Think before you post.
 
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M

MLBash93

All-Conference
Jan 23, 2012
1,507
2,175
113
Scarlet83 said:
What is wrong with you? The board members are VOLUNTEERS. That has been discussed by many people many times all over the place, including Schiano, Pike, Hobbs, Jon etc etc. And it’s on their website, and the website link has been posted about 50 times on these message boards over the past 8 or so months.

Think before you post.
Click to expand...
you guys took my comment as an accusation and it was a question. Calm down
 
E

Eagleton95.99

All-American
Jul 25, 2001
7,562
6,490
113
Mbash93 said:
you guys took my comment as an accusation and it was a question. Calm down
Click to expand...
BS. This is what you said. It's 100% phrased as an IRRESPONSIBLE accusation. "So are these fictional doners just lining the people in charge of KTR's pockets? 15% in overhead? Do those "board members" just make more money?"

"board members" in quotes, implying they aren't real board members. Then calling them "fictional donors". If you were half a man you would own your words and apologize.
 
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M

MLBash93

All-Conference
Jan 23, 2012
1,507
2,175
113
Eagleton96 said:
BS. This is what you said. It's 100% as phrased as an IRRESPONSIBLE accusation. "So are these fictional doners just lining the people in charge of KTR's pockets? 15% in overhead? Do those "board members" just make more money?"

"board members" "fictional donors". If you were half a man you would own your words and apologize.
Click to expand...
Thank you for pointing out my “?” Multiple times
 
H

High Quality H2O

All-Conference
May 7, 2022
1,392
2,185
57
RUJON said:
It was actually others who took things a step further. Thanks.
Click to expand...
Jon,
I’m not sure if you’re referring to my post.
If so my apologies if it wasn’t clear what I was trying to say.

I truly appreciate all your time and effort to make this happen for RU.

I was just saying that the % for overhead was in the same ball park as a well respected giant organization. That has economies of scale, resources and momentum that you do not. Therefore it is impressive.
I posted as a bench mark for others because I sensed a little pushback. Maybe I was wrong about that their skepticism anyway. Lots gets lost in text sometimes.

Furthermore none of that happens without true leaders like you volunteering your own time to make up this gap. putting up your own money to generate matching campaigns like you’ve done.
And even quitting other hobbies (like your podcast) to make sure you have enough time to allocate to TKR.

Thank you again,
The Waterboy
 
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W

Westcoast

All-American
Nov 14, 2001
22,416
5,976
113
I wanted to split it between football and hoops but didn't see an option to split so it all went to football- which needs a lot more help than hoops.
 
S

Scarlet83

Heisman
Feb 4, 2004
9,535
10,674
103
Westcoast said:
I wanted to split it between football and hoops but didn't see an option to split so it all went to football- which needs a lot more help than hoops.
Click to expand...
I contribute to both football and basketball. The way the website works right now is they are two independent contributions. The website can’t split a donation at this time.

Thanks for contributing, westcoast.
 
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W

Westcoast

All-American
Nov 14, 2001
22,416
5,976
113
Scarlet83 said:
I contribute to both football and basketball. The way the website works right now is they are two independent contributions. The website can’t split a donation at this time.

Thanks for contributing, westcoast.
Click to expand...
Yeah. Im an idiot. I could have just done $25/month to each sport via 2 separate monthly memberships.

Thanks for all the work to put this program together. Its making a real difference.
 
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M

mikebal9

All-Conference
Oct 15, 2005
5,741
4,987
113
mikebal9 said:
This may have already happened, but I was hoping someone could walk me through how all of this works. Let's say a fictional giver donates $1000 to the cause. What happens next? I know that 15% goes to overhead, which makes perfect sense. But what exactly happens to that money? Also, from an athlete's perspective, how does it work? They contact KTR and say they are interested in a deal? Then what?
I think if I understood more about how it all works, I'd be more inclined to help. I would imagine many feel the same way.
Click to expand...
So, no?
 
J

JayDogSmooth

All-Conference
Aug 18, 2006
8,096
3,790
0
RUJON said:
For what seems like the millionth time.

NONE of the boards members including myself get paid for any of our time. PERIOD.

The 15 percent is for administrative costs for our partner who manages all legal, accounting and marketing.

Much of that money gets REINVESTED in membership benefits like events, advertising, signed balls which we have to pay for.

If I'm sounding a little snarky here its because given the amount of time we all volunteer for this effort it hurts when someone accuses us of trying to rip off the donors or the kids.

Hopefully this will be the last time I have to address this.

Jon
Click to expand...
Pin this to the top

Jon & Co. have done so much to further the cause

They do it bc they love this university and want Rutgers to succeed

Thank you Jon and KTR!!!
 
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