The Alexander-Tharpe Fund, the fundraising program of the Georgia Tech Athletic Association, brought in a record-breaking $53.5 million for 2019. The previous record, set in the fiscal year of 2000, was only $46 million, and Tech fundraising has not reached $30 million since 2009.
The fund is divided into three parts: current operations, endowments and facilities. $6 million were raised this year for scholarship endowments, $15 million for current operations and $32.3 million for facilities. This spike in facilities funding correlates with Athletics Initiative 2020, an ambitious project by Tech Athletics to raise $125 million by the end of 2020.