THANK YOU Dear Red Raider Supporters, On behalf of Texas Tech Athletics, I want to thank you for all you do to impact more than 400 student-athletes across 17 sports. The generosity of our fans is unparalleled and each of you are critical to the success of our student-athletes. The contributions made to the Red Raider Club annual fund are vital to Texas Tech Athletics. Support at each level benefits our student-athletes by providing scholarships and academic and training resources throughout the year. In addition, your contributions to The Campaign for Fearless Champions allow us to compete in the best facilities, and provide an elite experience to every student-athlete. While endowment gifts provide sustainable revenue for the athletic department. I’m proud of our athletic successes but I am even more impressed with the success our studentathletes are experiencing in the classroom. Most recently we celebrated the Department’s highest ever cumulative GPA of 3.278. Their hard work in the classroom is paying off on campus and in competition, but more importantly it is setting them up for opportunities after their time at Texas Tech. Your generosity leaves a lasting impression on Texas Tech Athletics that will continue to change the lives of our student-athletes each and every day for many years to come. Thank you again for your support of our Red Raiders. We truly appreciate your dedication to continue to impact Texas Tech Athletics. Wreck ‘Em! Sincerely,
Kirby Hocutt Director of Athletics
THANK YOU Dear Red Raider Supporters, On behalf of Texas Tech Athletics, I want to thank you for all you do to impact more than 400 student-athletes across 17 sports. The generosity of our fans is unparalleled and each of you are critical to the success of our student-athletes. The contributions made to the Red Raider Club annual fund are vital to Texas Tech Athletics. Support at each level benefits our student-athletes by providing scholarships and academic and training resources throughout the year. In addition, your contributions to The Campaign for Fearless Champions allow us to compete in the best facilities, and provide an elite experience to every student-athlete. While endowment gifts provide sustainable revenue for the athletic department. I’m proud of our athletic successes but I am even more impressed with the success our studentathletes are experiencing in the classroom. Most recently we celebrated the Department’s highest ever cumulative GPA of 3.278. Their hard work in the classroom is paying off on campus and in competition, but more importantly it is setting them up for opportunities after their time at Texas Tech. Your generosity leaves a lasting impression on Texas Tech Athletics that will continue to change the lives of our student-athletes each and every day for many years to come. Thank you again for your support of our Red Raiders. We truly appreciate your dedication to continue to impact Texas Tech Athletics. Wreck ‘Em! Sincerely,
Kirby Hocutt Director of Athletics
RED RAIDER CLUB The Red Raider Club Annual Fund provides the necessary resources for our student-athletes to compete at the highest level, both in the classroom and in competition. Making up over 30% of the Athletic Department’s revenue, contributions to the Red Raider Club Annual Fund are critical for Texas Tech Athletics to continue our mission to Educate, Serve and Grow Fearless Champions. Our annual fund goal for 2021 is $19.8 million. You support the Red Raider Club annual fund, and impact your annual membership level, by giving to one or all of the three annual pillars: • Annual Seat Contributions • Premium Seat Contributions • Red Raider Club Excellence Fund
RED RAIDER CLUB IMPACT Student-Athlete Scholarship Support Red Raider Club contributions help provide scholarship support to more than 400 Texas Tech student-athletes each academic year. This ensures the department can provide support for tuition, books, fees and cost of attendance.
Facilities, Maintenance & Capital Improvements Texas Tech Athletics strives to provide an elite experience for our student-athletes. Each year, Red Raider Club funds provide necessary improvements for student-athletes and fans.
Academic Support
“Our facility brings people together. Whether in competition or practices, it has a really great atmosphere. The energy in there really takes a hold of people helping them to do their best each day.” - Chinne Okoronkwo, Track & Field
Red Raider student-athletes receive academic support in the form of tutoring, academic and degree advising, eligibility monitoring, the iPad initiative and much more. During the pandemic Red Raider student-athletes continued to excel recording a 3.38 cumulative GPA, the highest in school history.
Nutrition Providing the proper nutrition to student-athletes allows them to compete and train at their peak performance. Our first class nutritional program is one of the most comprehensive in the country and in early 2020 the Red Raiders moved into The Cash Family Sports Nutrition Center, which features multiple foodserving stations, staff to assist athlete’s nutritional requirements, a learning kitchen, and much more.
RED RAIDER CLUB The Red Raider Club Annual Fund provides the necessary resources for our student-athletes to compete at the highest level, both in the classroom and in competition. Making up over 30% of the Athletic Department’s revenue, contributions to the Red Raider Club Annual Fund are critical for Texas Tech Athletics to continue our mission to Educate, Serve and Grow Fearless Champions. Our annual fund goal for 2021 is $19.8 million. You support the Red Raider Club annual fund, and impact your annual membership level, by giving to one or all of the three annual pillars: • Annual Seat Contributions • Premium Seat Contributions • Red Raider Club Excellence Fund
RED RAIDER CLUB IMPACT Student-Athlete Scholarship Support Red Raider Club contributions help provide scholarship support to more than 400 Texas Tech student-athletes each academic year. This ensures the department can provide support for tuition, books, fees and cost of attendance.
Facilities, Maintenance & Capital Improvements Texas Tech Athletics strives to provide an elite experience for our student-athletes. Each year, Red Raider Club funds provide necessary improvements for student-athletes and fans.
Academic Support
“Our facility brings people together. Whether in competition or practices, it has a really great atmosphere. The energy in there really takes a hold of people helping them to do their best each day.” - Chinne Okoronkwo, Track & Field
Red Raider student-athletes receive academic support in the form of tutoring, academic and degree advising, eligibility monitoring, the iPad initiative and much more. During the pandemic Red Raider student-athletes continued to excel recording a 3.38 cumulative GPA, the highest in school history.
Nutrition Providing the proper nutrition to student-athletes allows them to compete and train at their peak performance. Our first class nutritional program is one of the most comprehensive in the country and in early 2020 the Red Raiders moved into The Cash Family Sports Nutrition Center, which features multiple foodserving stations, staff to assist athlete’s nutritional requirements, a learning kitchen, and much more.
REVENUE vs. EXPENSES
YOUR INVESTMENT MATTERS Due to the impact of the Covid-19 Pandemic, Texas Tech Athletics faces an almost $22 million reduction in projected revenue as compared to last fiscal year, through lost ticket sales, reduced television revenue
Fiscal Year 2020-2021 Budget 9.1.20 - 8.31.21
REVENUE
TOTAL
7.54%
Men’s Basketball Ticket Sales
$940,000
1.17%
Baseball Ticket Sales
$220,000
0.27%
Women’s Basketball Ticket Sales
$100,000
0.12%
All Other Ticket Sales & Team Entry Fees
$119,000
0.15%
$33,230,000
41.22%
$0.00
0.00%
Big 12 Conference & NCAA Institutional Support
$2,013,755
2.50%
$12,415,522
15.40%
Multimedia Rights, Sponsorships, & Licensing
$6,160,000
7.64%
Student Athletic Event Access Fee
$1,750,000
2.17%
Concessions & Texas Tech Club Rent
$560,400
0.70%
Gameday Parking Permit Fees
$250,000
0.31%
$1,600,000
1.98%
$160,000
0.20%
Higher Education Emergency Relief Funding
and other setbacks. Our commitment to provide the best student-athlete experience is threatened
RRC Donations, Seat Contributions, & Major Gifts
under these circumstances, but with your help we are finding ways to overcome the challenges. We are tackling this deficit in several ways: Tackling the Deficit
Endowment & Interest Earnings
• 40 department positions were eliminated (or frozen) for FY2021
Other Revenues
• All other employees, including contractual coaches, were asked to take salary reductions ranging from 3% up to 14%, for up to one year. • Each one of our sports and units took an operating budget cut between 3% to 60%. • Decreased our annual budget for smaller capital projects by 70% ($700k). • Restructure & refinancing of bonded facility debt. • Use of departmental operating reserves & facilities’ debt service reserves to meet FY2021 expense obligations. While operating revenue steeply decreased, the department is expected to spend over $1.2M on COVID testing since pandemic began, not including the additional cost for PPE. This was to ensure our studentathletes practiced and competed in a safe environment. Our number one priority is the health and wellbeing of every student-athlete.
Use of Debt Service Reserves Use of Operating Reserves
$65,600,337
81%
$6,298,381
7.81%
$8,708,135
10.80%
$80,606,853
100%
EXPENSES Student-Athlete Support COVID-19 Testing & Supplies
donated back an additional $1.53 million in recovered revenue.
to serve Fearless Champions remains the same. We need your continued support!
% of TOTAL 11.64%
$1,200,000
1.49% 44.42%
Facilities Debt Service
$6,298,381
7.81%
Scholarships
$7,003,123
8.69%
$4,470,775
5.55%
$671,291
0.83%
$4,470,775
5.46%
$2,399,666
2.86%
Promotions & Fan Engagement, Ticket Services, Broadcast Services, Communications & Licensing NCAA Compliance Facilities, Maintenance, Capital Improvements, Rentals & Utilities NCAA Postseason Competition Administration, Business Ops, & Athletic Director Information Technology & iPad Program
$860,600
1.07%
$4,657,954
5.78%
$376,566
0.47%
$2,655,045
3.29%
$524,093
0.65%
$80,606,853
100%
Gameday Event Management & Premium Catering
While overall revenue may have decreased and expenses increased, the mission of Texas Tech Athletics
TOTAL $9,382,236 $35,804,660
Sports Operating
RRC, Development, & Double T Varsity Club
In 2020, Red Raider Club Members, Football and Men’s Basketball season ticket holders generously
% of TOTAL
$6,081,660
Football Ticket Sales
Contingencies & Other Expenses
*During the last fiscal year prior to the Pandemic, Texas Tech Athletics operated on a $93.6M budget.
REVENUE vs. EXPENSES
YOUR INVESTMENT MATTERS Due to the impact of the Covid-19 Pandemic, Texas Tech Athletics faces an almost $22 million reduction in projected revenue as compared to last fiscal year, through lost ticket sales, reduced television revenue
Fiscal Year 2020-2021 Budget 9.1.20 - 8.31.21
REVENUE
TOTAL
7.54%
Men’s Basketball Ticket Sales
$940,000
1.17%
Baseball Ticket Sales
$220,000
0.27%
Women’s Basketball Ticket Sales
$100,000
0.12%
All Other Ticket Sales & Team Entry Fees
$119,000
0.15%
$33,230,000
41.22%
$0.00
0.00%
Big 12 Conference & NCAA Institutional Support
$2,013,755
2.50%
$12,415,522
15.40%
Multimedia Rights, Sponsorships, & Licensing
$6,160,000
7.64%
Student Athletic Event Access Fee
$1,750,000
2.17%
Concessions & Texas Tech Club Rent
$560,400
0.70%
Gameday Parking Permit Fees
$250,000
0.31%
$1,600,000
1.98%
$160,000
0.20%
Higher Education Emergency Relief Funding
and other setbacks. Our commitment to provide the best student-athlete experience is threatened
RRC Donations, Seat Contributions, & Major Gifts
under these circumstances, but with your help we are finding ways to overcome the challenges. We are tackling this deficit in several ways: Tackling the Deficit
Endowment & Interest Earnings
• 40 department positions were eliminated (or frozen) for FY2021
Other Revenues
• All other employees, including contractual coaches, were asked to take salary reductions ranging from 3% up to 14%, for up to one year. • Each one of our sports and units took an operating budget cut between 3% to 60%. • Decreased our annual budget for smaller capital projects by 70% ($700k). • Restructure & refinancing of bonded facility debt. • Use of departmental operating reserves & facilities’ debt service reserves to meet FY2021 expense obligations. While operating revenue steeply decreased, the department is expected to spend over $1.2M on COVID testing since pandemic began, not including the additional cost for PPE. This was to ensure our studentathletes practiced and competed in a safe environment. Our number one priority is the health and wellbeing of every student-athlete.
Use of Debt Service Reserves Use of Operating Reserves
$65,600,337
81%
$6,298,381
7.81%
$8,708,135
10.80%
$80,606,853
100%
EXPENSES Student-Athlete Support COVID-19 Testing & Supplies
donated back an additional $1.53 million in recovered revenue.
to serve Fearless Champions remains the same. We need your continued support!
% of TOTAL 11.64%
$1,200,000
1.49% 44.42%
Facilities Debt Service
$6,298,381
7.81%
Scholarships
$7,003,123
8.69%
$4,470,775
5.55%
$671,291
0.83%
$4,470,775
5.46%
$2,399,666
2.86%
Promotions & Fan Engagement, Ticket Services, Broadcast Services, Communications & Licensing NCAA Compliance Facilities, Maintenance, Capital Improvements, Rentals & Utilities NCAA Postseason Competition Administration, Business Ops, & Athletic Director Information Technology & iPad Program
$860,600
1.07%
$4,657,954
5.78%
$376,566
0.47%
$2,655,045
3.29%
$524,093
0.65%
$80,606,853
100%
Gameday Event Management & Premium Catering
While overall revenue may have decreased and expenses increased, the mission of Texas Tech Athletics
TOTAL $9,382,236 $35,804,660
Sports Operating
RRC, Development, & Double T Varsity Club
In 2020, Red Raider Club Members, Football and Men’s Basketball season ticket holders generously
% of TOTAL
$6,081,660
Football Ticket Sales
Contingencies & Other Expenses
*During the last fiscal year prior to the Pandemic, Texas Tech Athletics operated on a $93.6M budget.
SHOW YOUR SUPPORT HOW TO CONTRIBUTE 1. Renew your RRC Excellence Fund contribution, or make a gift for the first time by visiting www.RedRaiderClub.com or call 806-742-1196
CLICK HERE TO GIVE 2. Renew or purchase season tickets with an associated ASC/PSC by visiting TexasTech.com/Tickets or call 806-742-8324
TICKET INFO
REFER A RAIDER PROGRAM The RRC Referral Program is an opportunity for existing RRC members to help us grow our membership while being rewarded! This year, with your help, we can grow our membership by 10%. For each referral you will receive 5 bonus priority points and have the chance to receive great prizes!
The Victory Circle is the Red Raider Club’s comprehensive leadership annual giving program. This group is comprised of top-level Red Raider Club members who contribute $10 thousand or more annually.
“Philanthropy continues to push Texas Tech Athletics forward. The Victory Circle alone makes up more than 58% of the department’s annual contributions. Every gift at every level makes an impact and we are so grateful for the continued support of so many Red Raiders.”
CLICK FOR MORE INFO
“Having everything we need as student-athletes outside of the classroom within walking distance of the Rip Griffin Park gives us an advantage over other schools. One of those resources is the Cash Family Sports Nutrition Center. It’s where we get the best nutrition but it’s also another example of the best facilities in the country being at Texas Tech.” - Braxton Fulford, Baseball
- Andrea Tirey Sr. Associate Athletics Director
SHOW YOUR SUPPORT HOW TO CONTRIBUTE 1. Renew your RRC Excellence Fund contribution, or make a gift for the first time by visiting www.RedRaiderClub.com or call 806-742-1196
CLICK HERE TO GIVE 2. Renew or purchase season tickets with an associated ASC/PSC by visiting TexasTech.com/Tickets or call 806-742-8324
TICKET INFO
REFER A RAIDER PROGRAM The RRC Referral Program is an opportunity for existing RRC members to help us grow our membership while being rewarded! This year, with your help, we can grow our membership by 10%. For each referral you will receive 5 bonus priority points and have the chance to receive great prizes!
The Victory Circle is the Red Raider Club’s comprehensive leadership annual giving program. This group is comprised of top-level Red Raider Club members who contribute $10 thousand or more annually.
“Philanthropy continues to push Texas Tech Athletics forward. The Victory Circle alone makes up more than 58% of the department’s annual contributions. Every gift at every level makes an impact and we are so grateful for the continued support of so many Red Raiders.”
CLICK FOR MORE INFO
“Having everything we need as student-athletes outside of the classroom within walking distance of the Rip Griffin Park gives us an advantage over other schools. One of those resources is the Cash Family Sports Nutrition Center. It’s where we get the best nutrition but it’s also another example of the best facilities in the country being at Texas Tech.” - Braxton Fulford, Baseball
- Andrea Tirey Sr. Associate Athletics Director
BENEFITS CHART RED RAIDER CLUB LEVEL
MEMBER BENEFITS
YOUNG ALUMNI $25+
• Invitations to all Red Raider Club events • Red Raider Club decal
MATADOR $50+
• All of the above benefits, plus... • Red Raider Club digital membership card • Increased priority for both season ticket upgrades and home football single game tickets* • Ability to request and purchase football bowl and away game tickets • Access to Member Football Game Day Parking**
RED RAIDER $200+
• All of the above benefits, plus... • Complimentary passes to the membership appreciation tailgate and • Access to Member Men’s Basketball West Lot Game Day Parking**
GO RAIDER $500+
• All of the above benefits, plus... • Red Raider Club membership packet • Red Raider Sports Magazine - Digital
FIGHT RAIDER $1,250+
• All of the above benefits, plus... • Digital Football & Basketball Program Recognition and Media Guides sent to your e-mail • Red Raider Sports Magazine • Ability to request basketball post-season (NCAA/Big 12) and baseball NCAA tournament tickets* • Access to Member Baseball Game Day Parking**
WIN RAIDER $3,000+
• All of the above benefits, plus... • Access to home football weekend hotel room block^ • Exclusive invites to Leadership Academy Events
MASKED RIDER $5,000+
• All of the above benefits, plus... • Access to reserved football donor parking** • Access to Member Men’s & Women’s Basketball North/South Lot Game Day Parking** • Access to reserved North End Zone Dinner^^
VICTORY CIRCLE $10,000+ FULL RIDE
$10,000 - $14,999
ALL CONFERENCE
$15,000 - $24,999
CHAMPION
$25,000 - $49,999
NATIONAL CHAMPION $50,000 - $99,999
Added exclusive benefits may be granted based on VC membership level
• All of the above benefits, plus... • Victory Circle decal and lapel pin • Pregame football events^^ • Exclusive Victory Circle events • Access to home football weekend hotel room block at the Overton^ • Victory Circle Gear • Invitation to Letterman Jacket Presentation
FEARLESS CHAMPION $100,000+
Benefits will be fulfilled to the best of the RRC’s abilities. In the event that a benefit cannot be provided, the RRC will work to replace that benefit with a comparable alternative *Subject to availability. Priority is based on membership level and point ranking. **Eligible to purchase parking. Subject to availability and RRC priority. ^Hotel room access is based on availability. Overton Hotel and Conference Center available for Victory Circle Only. ^^Select home games Deadline to renew is August 15, 2021. Drive Year 2021 benefits will be available between 9/1/21 and 8/31/22 A portion of your annual giving may be tax deductible. Please consult your tax advisor.
PRIORITY POINTS
The Red Raider Club Priority Point system rewards continued support and loyalty to all Red Raider Club members and season ticket holders. This system is designed to provide an equitable and transparent method of distributing Red Raider Club benefits that exist in limited quantities or access for high-demand events such as postseason play. One of the great ways to earn points is by supporting the RRC Annual Fund Pillars. Members earn 5 points per $100 contribution through ASCs, PSCs, and RRC Excellence Fund.
BENEFITS CHART RED RAIDER CLUB LEVEL
MEMBER BENEFITS
YOUNG ALUMNI $25+
• Invitations to all Red Raider Club events • Red Raider Club decal
MATADOR $50+
• All of the above benefits, plus... • Red Raider Club digital membership card • Increased priority for both season ticket upgrades and home football single game tickets* • Ability to request and purchase football bowl and away game tickets • Access to Member Football Game Day Parking**
RED RAIDER $200+
• All of the above benefits, plus... • Complimentary passes to the membership appreciation tailgate and • Access to Member Men’s Basketball West Lot Game Day Parking**
GO RAIDER $500+
• All of the above benefits, plus... • Red Raider Club membership packet • Red Raider Sports Magazine - Digital
FIGHT RAIDER $1,250+
• All of the above benefits, plus... • Digital Football & Basketball Program Recognition and Media Guides sent to your e-mail • Red Raider Sports Magazine • Ability to request basketball post-season (NCAA/Big 12) and baseball NCAA tournament tickets* • Access to Member Baseball Game Day Parking**
WIN RAIDER $3,000+
• All of the above benefits, plus... • Access to home football weekend hotel room block^ • Exclusive invites to Leadership Academy Events
MASKED RIDER $5,000+
• All of the above benefits, plus... • Access to reserved football donor parking** • Access to Member Men’s & Women’s Basketball North/South Lot Game Day Parking** • Access to reserved North End Zone Dinner^^
VICTORY CIRCLE $10,000+ FULL RIDE
$10,000 - $14,999
ALL CONFERENCE
$15,000 - $24,999
CHAMPION
$25,000 - $49,999
NATIONAL CHAMPION $50,000 - $99,999
Added exclusive benefits may be granted based on VC membership level
• All of the above benefits, plus... • Victory Circle decal and lapel pin • Pregame football events^^ • Exclusive Victory Circle events • Access to home football weekend hotel room block at the Overton^ • Victory Circle Gear • Invitation to Letterman Jacket Presentation
FEARLESS CHAMPION $100,000+
Benefits will be fulfilled to the best of the RRC’s abilities. In the event that a benefit cannot be provided, the RRC will work to replace that benefit with a comparable alternative *Subject to availability. Priority is based on membership level and point ranking. **Eligible to purchase parking. Subject to availability and RRC priority. ^Hotel room access is based on availability. Overton Hotel and Conference Center available for Victory Circle Only. ^^Select home games Deadline to renew is August 15, 2021. Drive Year 2021 benefits will be available between 9/1/21 and 8/31/22 A portion of your annual giving may be tax deductible. Please consult your tax advisor.
PRIORITY POINTS
The Red Raider Club Priority Point system rewards continued support and loyalty to all Red Raider Club members and season ticket holders. This system is designed to provide an equitable and transparent method of distributing Red Raider Club benefits that exist in limited quantities or access for high-demand events such as postseason play. One of the great ways to earn points is by supporting the RRC Annual Fund Pillars. Members earn 5 points per $100 contribution through ASCs, PSCs, and RRC Excellence Fund.
OTHER WAYS TO MAKE AN IMPACT Texas Tech supporters make an impact each day through contributions to the Red Raider Club Annual Fund. In addition to the annual funds necessary to sustain success, supporters can choose to impact other areas of the Texas Tech Department of Athletics:
• Facilities The Campaign for Fearless Champions has completed 25 facility projects to date and continues to change the trajectory of Texas Tech Athletics through first-class facilities that impact not only recruiting, but the experience for every student-athlete, coach and fan.
Womble Basketball Practice Center: Completed April 2021
• Endowments Endowments are long-term investments which live in perpetuity, leaving a meaningful and lasting impact on Texas Tech Athletics.
• J.T. & Margaret Talkington Leadership Academy The Leadership Academy is designed to prepare student- athletes for success after graduation. The comprehensive curriculum focuses on character, leadership, personal wellness, life skills, career education, community service, and professional development.
• Planned Gifts • Individual Sport Gifts
Connect with a Red Raider Club Rep We value our Red Raider Club members and are available to answer any questions you might have including membership benefits, general account questions or to visit more on your membership. Visit www.redraiderclub.com/rep or scan the QR code to set up an appointment.
Football Training Facility: Currently Fundraising
Baseball Facility: Currently Fundraising
OTHER WAYS TO MAKE AN IMPACT Texas Tech supporters make an impact each day through contributions to the Red Raider Club Annual Fund. In addition to the annual funds necessary to sustain success, supporters can choose to impact other areas of the Texas Tech Department of Athletics:
• Facilities The Campaign for Fearless Champions has completed 25 facility projects to date and continues to change the trajectory of Texas Tech Athletics through first-class facilities that impact not only recruiting, but the experience for every student-athlete, coach and fan.
Womble Basketball Practice Center: Completed April 2021
• Endowments Endowments are long-term investments which live in perpetuity, leaving a meaningful and lasting impact on Texas Tech Athletics.
• J.T. & Margaret Talkington Leadership Academy The Leadership Academy is designed to prepare student- athletes for success after graduation. The comprehensive curriculum focuses on character, leadership, personal wellness, life skills, career education, community service, and professional development.
• Planned Gifts • Individual Sport Gifts
Connect with a Red Raider Club Rep We value our Red Raider Club members and are available to answer any questions you might have including membership benefits, general account questions or to visit more on your membership. Visit www.redraiderclub.com/rep or scan the QR code to set up an appointment.
Football Training Facility: Currently Fundraising
Baseball Facility: Currently Fundraising