Advocates for Athletic Equity "voted to cease operation because of a shortfall of financial support." In this very short Wall Street Journal story a nonprofit board has decided to go out of business. The organization is only two years old and was created by a very economically flush nonprofit and comprised of at least some folks who I would offer were not all that short of funds. I would also offer that there are a lot of folks who would see this group's purpose as one worthy of support. And yet, this board is saying it can't raise the funds it needs to pursue mission. Really? Now I did go looking for other media articles to learn what else might be behind the story but guess what - no other stories. Was this an act of really good governance? I'm certainly not thinking so.
INDIANAPOLIS — The board of directors for the non-profit Advocates for Athletic Equity voted to cease operation because of a shortfall of financial support.
The AAE announced the decision Friday, two years after it was formed as part of an NCAA-steered restructuring of the Black Coaches and Administrators organization. The BCA also dissolved in large part because of a lack of funding.
The AAE’s mission was to promote minorities in leadership positions in major college sports, where they account for 14 percent of head coaches in men’s basketball and 12 percent in women’s basketball, according to AAE statistics.
The AAE was separate from the National Association for Coaching Equity and Development, which was founded last year independent of the NCAA and is funded by dues from the coaches and private donations.