Aggie Park Capital Campaign FAQs
What is the objective of the Aggie Park Capital Campaign?
The objective of the Aggie Park Capital Campaign is to raise $1,600,000 for the expansion and renovation of Aggie Park, to position the San Antonio A&M Club to better fulfill its mission, and to commemorate the Club's 100th anniversary in 2021.
What is included in the projected $1,600,000 budget?
A significant percentage of the estimated costs are associated with bringing the facility up to current building code including the installation of a fire hydrant on the property, a fire lane in the parking lot, and an indoor sprinkler system; asbestos abatement; and electrical system upgrades and energy efficiency improvements. In addition, the budget includes a 2,600 sq. ft. interior expansion and renovation with improvements to the following: flooring, lighting, ceiling, HVAC system, audio/visual system, office space, and restroom facilities. Also included is the addition of a 1,600 sq. ft. outdoor covered patio, exterior facade upgrades, and landscaping enhancements.
How much funding has been raised to date?
As of January 15th, 2020 the Club has raised and reserved $700,000 for the project.
Is a donation to the Aggie Park Capital Campaign considered tax-deductible?
Yes, the San Antonio A&M Club Foundation is a 501(c)(3) non-profit corporation eligible to receive tax-deductible charitable contributions. Individuals should consult their tax professional to determine the extent to which their personal donation is tax-deductible. Traditional IRA owners may be able to make a qualified charitable donation to the capital campaign by December 31, 2020 to meet all or part of their IRA's required minimum distribution (RMD) for this year. Please consult your tax professional for more information and advice on this type of contribution.
What is the construction timeline for the expansion and renovation project?
The expansion and renovation project is estimated to take six months to complete, barring any major delays. For safety and liability, Aggie Park must be shut down during construction due to the significant amount of work needed throughout the property. The goal is to complete the project before the start of 2021 and to rededicate Aggie Park at Muster on April 21, 2021, in celebration of our Club's 100th anniversary.
Where will San Antonio A&M Club events be held while Aggie Park is closed for construction?
Alternate locations have already been identified and secured for the following affected events—Monday Lunch will be held at Holy Spirit Catholic Church (8134 Blanco Rd.).
Can the project be delayed if the necessary funds are not raised by the end of the year?
Yes, the project might need to be delayed if we are unable to secure funding in time to issue notice to proceed in accordance with our planned construction schedule. Aggie Park rental bookings have already been blocked off in preparation for the six-month construction window. A delay could further limit rental income for 2020, impact funding for our scholarship program, and displace additional Club activities.
What happens if we don't meet our fundraising goal?
Club leadership will make a decision to either delay the project until more funding is secured, or redefine the project scope to achieve the maximum level of priority improvements with the available funding. We are also considering limited use of a low interest rate line of credit, if needed, as part of a fiscally responsible funding plan.
How many Aggies does it take to expand and renovate Aggie Park?
This is no Aggie joke! We are counting on all Aggies in the Bexar County area to help make this capital campaign a success! Your contribution to the Aggie Park Capital Campaign is not only an investment in preserving our unique Club home for today, but also an investment in positioning our Club to better serve future generations of San Antonio area Aggies. Opportunities are available for individuals, families, and businesses to contribute. Your participation in the capital campaign with a gift of any amount will make a lasting impact!