24
May
How Alumni Dollars are Spent at the Association of Former Students of Texas A & M (Aggie Network)
The alumni association at Texas A & M is formally known as the Association of Former Students of Texas A & M and informally known as the Aggie Network. A tax-exempt, non-profit 501 (c), the Aggie Network’s mission is to strengthen the Aggie Network. How do they do this? The short answer is they raise revenue (about $30 million in 2020) and spend about 40% on programs (i.e. receptions, events, and other activities), 10% on general and administrative expenses and 10% on fundraising while the remaining funds (40%) are allocated to the general fund allowing the organization to accumulate $144 million in net assets. Read more 
Paddock Post 