Team Summit COVID - 19 Matching Fund

Incentive Fund

Amount: $138000

Provided By: Anonymous Donor

Details: We have been concerned about how to compensate our coaches for lost work due to the COVID-19 virus related shut down of programing. Many of our coaches are seasonal workers who rely on several sources of income to make ends meet. We are pleased to announce an anonymous donor has stepped in to offer a matching gift to cover the lost wages for our seasonal staff. Any donations made to Team Summit will be matched dollar for dollar, up to $138,000, to make sure we are supporting our coaches.

Summary

Our Team Summit coaches are the life of our program, these amazing individuals need your help during this challenging time! Many of you may not be aware of the effort that goes into keeping tuition lower than actual program costs. Tuition covers approximately 50% of the total cost to operate our programs. The remainder of Team Summit's income comes from community fundraising, in-kind donations, grants, and events which generate over $1.7 million each year.

Due to the suspension of activities caused by the COVID-19 virus, we anticipate we will not be able to generate $300,000 in net revenue from various late season activities, including our Spring camps. This money would have contributed to bridging the gap between tuition and the actual cost per athlete to operate our programs, supporting our 100 coaches.

Please consider making a meaningful donation today! Your coach is counting on you! See below about matching fund program.