It seems unlikely that they will get to the goal of $1M.
It's interesting that the goal is $500k but the text says that they want $1MM. I've got to be wondering if the matching donor is Cam Talbot.
GFM
It is closer to zero than 1%.
So if they do get the $1 million, what does that buy them? Is it one season then another GoFundMe next summer, or will that keep the program afloat a little longer... or maybe long enough for the University's athletic department to get its finances back on track?
They are currently at $72K even though it hasn't been very long. There's a non-zero chance they reach the goal
It is closer to zero than 1%.
I think you're reading the "1%" quote wrong, Ralph. The way I read the exchange, Sez sez the chances the GoFundMe raises the stated $500K is greater than 0%. Well, no bleep, from a statistical point of view. Bonin says the chances of raising the $500 large are nearer zero than 1%. He wasn't talking about how much will be raised. And in the end, since donations will be returned if they don't make it to 500 big ole smackers, it could be argued that they are at 0% until they are at 100%.Huh? 72K is over 7%, Now it is past 8%. Still far from the goal, but closer to 1% than zero. A matter of fact, closer to 15% than 0%.
Double the numbers if they actually need 500K.
And what does this $1 million do for next year, and the year after?
As much as I want to see the Chargers survive, I am probably as skeptical as you are (this was in response to Geof)...... The school can't keep doing this every 10 years to you.
I think you're reading the "1%" quote wrong, Ralph. The way I read the exchange, Sez sez the chances the GoFundMe raises the stated $500K is greater than 0%. Well, no bleep, from a statistical point of view. Bonin says the chances of raising the $500 large are nearer zero than 1%. He wasn't talking about how much will be raised. And in the end, since donations will be returned if they don't make it to 500 big ole smackers, it could be argued that they are at 0% until they are at 100%.
From the fundraiser page it states:
“We have already had alumni, booster club members, and life-time supporters setup with large individual donations and commit to donating annually to make sure the program is self-sustaining for the long-term. For short term we are looking to raise $500,000 of the 1 million via this Go Fund Me account. If the required funds are raised, UAH has agreed to create an advisory board consisting of hockey alumni, local business leaders and major donors to help turn UAH Hockey into a world class hockey program.“