Georgia approves $153 million athletic budtget

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Friday, May 24, 2019

ST. SIMONS ISLAND, Ga. —— A fiscal year 2020 budget of $153,891,331 was approved Friday by the University of Georgia Athletic Association Board of Directors during day two of its annual spring meeting.

The budget figure of 153.9 million represents an increase of over seven percent from the 2019 fiscal year. As J. Reid Parker Director of Athletics Greg McGarity pointed out to the Board, the 2020 budget is a 45 percent increase from just nine years ago, when the budget for fiscal year 2011 was $84.8 million.

‘’Sustainability in college athletics is an ongoing challenge around the country,’’ McGarity said. ‘’We are very fortunate to be one of the few institutions in college athletics that stands on very solid ground.’’

As part of McGarity’s budget presentation, Deputy Athletic Director Matt Borman gave an update on UGA’s athletic fundraising efforts. Borman emphasized the success of the Magill Society, which has generated over $108 million in gifts and signed pledges since its beginning in September of 2015.

McGarity also announced a $500,000 donation — in addition to its $4.5 million annual donation — to the University in 2020. UGA President Jere W. Morehead will direct the additional $500,000 in UGAAA funds to two strategic University initiatives: $250,000 will be used to strengthen the recruiting efforts and enhance the retention and academic experiences of underrepresented, first-generation, rural and other underserved students; $250,000 will be used to promote faculty and student engagement in the University’s emerging Innovation District near downtown Athens.