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June 2010, NCAA-Conferences
NCAA Discussing Tapping Into Savings
USA Today reported that the NCAA is discussing the future of a nearly $180 million endowment fund. Originally intended to be a $500 million quasi-endowment fund, the NCAA is now considering distributing some of the funds due to economic hardships being faced by most athletic programs.
It was established in 2004 by the NCAA Executive Committee, a group of college presidents that oversees association-wide matters, for several potential purposes including an emergency fund to supplement insurance in case of a catastrophic, temporary loss of Division I men's basketball tournament rights fees — the association's primary funding source. To read more, click here.
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