NCHSAA Endowments

History and Overview:

Once the dream of establishing an endowed fund to assist in funding NCHSAA Championships and special programs became a reality, the issue of how to raise money became a major undertaking.

When deciding upon how funding should be secured, the regional and state committees desired to involve as many school personnel as possible.  After much deliberation and input from these endowment committees, the NCHSAA Board of Directors opted to raise money for the fund through three primary methods:
            •  a $1.00 surcharge on playoff tickets;
            •  an additional five percent (5%) from playoff revenue;
            •  an opportunity solicitation.

     The Board imposed a three-year time period (1991-92, 1992-93, 1993-94) during which funds would be generated by these three (3) methods.  Over the three-year period, the $1.00 surcharge generated $1,031,772.99;  the additional 5% from playoff revenue generated $183,925.17; and the opportunity solicitation generated $745,779.30.  The total amount generated was almost $1.3 million.

     After the initial three-year period, the Board discontinued the $1.00 surcharge and 5% playoff revenue sources of funding.  Ongoing opportunity solicitation continues to be a source of funds.  In 2000-2001, the Board reinstated the $1.00 surcharge on playoff tickets and this effort will continue until the Board decides otherwise.