Tampa Bay Krewe RFC has established the Tampa Rugby Endowment to provide a permanent and consistent source of financial support to men’s, women’s, and youth rugby throughout the Tampa Bay area. The endowment will help ensure our beloved sport will continue to thrive and that our club will have the resources needed to compete far into the future.
Tampa Bay Krewe RFC has partnered with The Community Foundation of Tampa Bay (www.cftampabay.org) to make this endowment a reality. The endowment is your opportunity to make a positive and everlasting impact on Tampa Rugby. Making a donation, no matter the size, will help meet the goal of a sustainable Krewe program. Please join us in making a donation to the Tampa Rugby Endowment!
What is an Endowment?
An endowment is an investment fund established by a foundation, usually non-profits, that makes consistent withdrawals from invested capital. Endowment funds are typically funded by donations that are deductible for the donors and are used for specific purposes, such as supporting the operations of an organization. The large initial monetary requirements are the most difficult part in establishing an endowment. But once funded, the endowment will provide a consistent source of income into the future.
Why Do We Need An Endowment?
The combination of inconsistent financial support, large financial demands placed on rugby programs and the growth of youth rugby in the United States have presented a challenge to the sustainability and future development of rugby in Tampa Bay. Rugby clubs cannot address these challenges alone. We have the opportunity to build a permanent and stable source of support for now and the future.
Tampa Bay Krewe’s Future
The Tampa Rugby Endowment will become fully funded upon reaching a balance of $25,000. Once endowed, it will provide an annual income of approximately 4% to support rugby in Tampa Bay. Through the Tampa Rugby Endowment, this income will supplement sponsor funding, and as the endowment grows, so does the annual income available to support local rugby. The endowment is your opportunity to make a positive and everlasting impact on rugby in Tampa Bay. Making a donation, no matter the size, will help meet the goal of a sustainable Tampa Bay Krewe Rugby program. Please join us in making a donation to the Tampa Rugby Endowment.