A recent letter from the CAL Head Coach, Brett McClure addressing the financial state of CAL Men’s Gymnastics:
CAL Men’s Gymnastic Program
I appreciate you taking the time and interest in our Cal Men’s gymnastics program. I wanted to give you a quick overview of what I have learned since my arrival and current state in which the program sits.
There are now 3 accounts dedicated to men’s gymnastics through the University. The first account was established to save the program from being dropped. They requested 4 million in a term endowment to be “self” sufficient. We raised 2.5(in pledges that have an attrition rate of 11% right now so looking closer to 2) when they decided that would be enough and they would bring back the program conditionally.
No more scholarships awarded and all new money raised will be directed into a new account, the annual fund. The annual fund is supposed to cover our operating budget of 70k a year to avoid taking funds from the term endowment. Anything we raise over the 70k on the annual can now be directed back towards the term endowment. Which is ultimately what we need to secure the program. We are 3 years into our 7 year extension and still a lot more work that needs to be done to remain “safe”.
The 3rd account created was a new edition of the Dr. Frey Scholarship award! We are extremely excited that our Athletic Director approved this and shows sign that she is committed to gymnastics. However, we can’t seem to raise money for this account until term and annual are covered or if its a significant amount it is allocated towards the scholarship. Anyways, that is about it on where we stand right now. There are three ways you can make a gift/pledge:
1) Online at https://givetocal.berkeley.edu/egiving/index.cfm?Fund=FW4037000
2) Email or Call Kevin McCormick direct at firstname.lastname@example.org or 510-643-0189
3) Send a check made payable to “Cal Men’s Gymnastics, Term Endowment” and mail to:
Attn: Kevin McCormick
195 Haas Pavilion
Berkeley, CA 94720
I would like to personally thank you and remind you that your pledges saved the program and it is our donations that completely support the annual budget. Not only are we saving Cal Gymnastics, but we are in large part contributing to saving gymnastics as an NCAA sport and providing a model for other programs to follow.
Thanks and Go Bears!
Associate Head Coach
Cal men’s gymnastics