JP’s Pool Welcome!
MARCH MADNESS
2023 NCAA BASKETBALL POOL
March is once again here! Spring is upon us!!. Massive snowfall in Nevada, and the China virus are behind us. Balloons will be shot down from here forward. NCAA basketballʼs greatest week is upon us! We are back for out 28th year of fun, frolic, prognostics, and charity! Welcome back friends, family, financiers and above all else, contributors. You all know the rules and how the system works. Send me your checks. Venmo and PayPal is fine. See and read the rules page carefully.
Our March Madness Endowment Fund was established in 2008. It is professionally run through the Warrick County Community Foundation and the nine county, Community Foundation Alliance out of Evansville, Indiana. At the end of 2008, the total money in your fund was $ 4097. As of the end of 2022, via a Fund Activity Report I am currently reading, the March Madness Endowment Fund had an ending fund balance of $124,941!!! It was unfortunately a bad year due to the market downturn. We have additionally given out grants and the like. This past year, $5000 additional to the Warrick Parks Foundation. Money that grows is money that can be given out. Check out our charities page at the top of the website. Although your nominal contribution for all this fun is small, over 80% of all our charity money raised comes from your additional contributions. Year after year, individuals contribute from five, to several hundred dollars in additional funding. This of course continues to be the reason for our being. If you havenʼt before, consider this, and drop some extra cash with your entry donation!
There are NO format changes to this yearʼs pool, once again. NCAA basketball tournament selections and seedings will come out Sunday, March 12th. Entry into the tournament closes with the tip off of the first round games beginning Thursday morning, March 16th. For each entry, fill out the form all the way through to the finals, selecting the winner of each game. Donʼt worry about the play-in games on Tuesday and Wednesday. They donʼt count to the standings. Read the rules sheet!!
Important Tournament Pool information
Entry fee is $25 (twenty-five dollars) PER ENTRY. $10 of each initial entry will be donated to charity, $15 will go to the prize pool. Again, we encourage you to make an additional contribution, (as the majority of you so kindly do).
Remember any additional moneys donated qualify as a tax-deduction, so if you desire proof of such, you may also enclose a separate check made out to one of the charities listed below. I will forward the check (as is) with the rest of the donations. Otherwise, simply make out your check to me, and mail all checks and additional donations to:
John P. Morgan, MD
PO Box 1136
Newburgh, IN 47629
The remainder of the pool will be distributed to the winners as follows:
1st --- 40% 6th --- 4%
2nd --- 20% 7th --- 3%
3rd --- 10% 8th --- 3%
4th --- 7% 9th --- 2%
5th --- 5% 10th --- 2%
Last Place --- 4%
Annual thank you to Gary Gurtcheff, our webmaster.
Peruse the website for past champions, charity dollars, update letters, and the rest.
2023 Charity Information
We are excited for our 28th anniversary tournament this year. The March Madness
Endowment Fund lives on. As mentioned, over $120,000 at the end of 2022.
In addition to your pool entry fees, you may certainly (and we encourage you to) send a separate check made out directly to the charity of your choice, and forward to the following address:
John P. Morgan
PO Box 1136
Newburgh, IN 47629-1136
In addition to the March Madness Endowment Fund, additional named charities are to be beneficiaries for our 2023 pool. Further information to follow. You may include extra money in your check to me with entry fees, or write a separate check and forward to the above address.
This years’s additional charities are as follows:
1) Potter’s Wheel (www.potterswheelministries.com)
2) Isaiah 117 House (isaiah117house.com)
3) West Side Community Center (Payitforwardiocalinc@gmail.com)
4) Golf GivesBack for Kids (GGBKids.org)
5) Little Lambs (littlelambsevansville.com)
Please review these organizations by visiting the websites. Further information will be sent by email or posted, but please consider them with additional donations.
Please read the RULES page carefully!
Thanks again.
March Madness Committee