RE: $2 million to UC, via Marge

[Brad Holdheide]

A person on the NCAAbbs site reported....

"The Schott Foundation was to donate a total in the $10MM range to UC. The executors (4 of which includes Bob Martin, the director of the foundation) have decided to withhold the balance ($8MM) as they had lost faith in the current Administration to warrant such a large and significant donation.  This information comes directly from one of the executors and may I add one angry gentleman. As I understand they will follow the direction of UC closely and will determine future donations as the situation unfolds."

So let's total this up....

$8 mil lost from Schott Foundation
$5 mil lost from another pulled donation (can't recall name but I'll look it up)
$3 mil Huggs buyout
$7.2 mil estimated minimum lost basketball game revenue over next two years
(5000 a game x 18 games x $40 a person x 2 years = $7.2 mil)

$23.2 mil TOTAL

Doesn't include lost UCATS donations, university donations, merchandising, advertising, etc etc etc.


> > > address@hidden 12/2/2005 7:12 AM >>>
I am sure this was already mentioned but it was reported by DJ that the
figure was going to be 4million till they canned Bob and then they cut it
in half. I was glad that came out to the media.

Gregg


> [Original Message]
> From: Dave Malaska <address@hidden>
> To: <address@hidden>
> Date: 12/1/05 12:56:55 PM
> Subject: [UC Basketball] $2 million to UC, via Marge 
>
> Schott Foundation Gives $2 Million to UC Varsity Village
>
>             CINCINNATI, Ohio - The Marge and Charles J. Schott Foundation
has made a generous donation of $2 million to the University of
Cincinnati's Richard E. Lindner Varsity Village project for upgrading UC's
athletic facilities. 
>           Varsity Village is a $100-plus million upgrade of UC's athletic
facilities.  Part of the project involved the construction of a new,
3,300-seat baseball stadium, which opened at the end of the 2004 season.
>           "Bob Goin's persistent communication displaying his passion,
leadership and vision for the department of athletics was a major reason
for this gift to the Varsity Village project," stated Bob Martin,
spokesperson for the Schott Foundation.
>           "In response to the generosity of the Schott Foundation, the
baseball stadium at UC will be named in honor of Marge Schott," stated Bob
Goin, who retired as UC's director of athletics on Dec. 1.  "The naming
display will also include the phrase, 'The Lady Loved Baseball', as a
lasting memorial to her love for youth and baseball."
>           Marge Schott was a well-known Cincinnati philanthropist who
held controlling interest in the Cincinnati Reds from 1985 to 1999.  She
passed away in March, 2004, leaving the majority of her estate to the
foundation.





-----------------------------------------------------

CONFIDENTIALITY NOTICE:
The information transmitted is intended only for the person or entity to which it is addressed and may contain company proprietary and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited.  The information contained in this document may also be controlled by the U.S. export control laws.  Unauthorized export or re-export is prohibited. If you received this in error, please contact the sender and destroy any copies of this document.

-----------------------------------------------------
<<<<EC>>>>