https://www.msn.com/en-us/sports/athletics/texas-a-m-12th-man-s-donations-dipped-amid-jimbo-fisher-buyout/ar-AA1EDHzi
Quote:
According to a copy of the organization's latest tax return, obtained by Sportico, the 12th Man Foundation reported bringing in $95.7 million in FY24, set off against $116 million in expenditures. It brought in $121 million in total revenue for FY23, according to its previous IRS filings.
The latest returns show the foundation's overall reported shortfall owed primarily to a decrease in contributions and grants, which went from $113 million in FY23 to $85 million in FY24.
During that same span, Texas A&M's athletic department expenditures jumped nearly $50 million, according to the school's NCAA financial disclosures, from $194.6 million in FY23 to $243.8 million in FY24-the fourth-highest increase among FBS public universities.