MARCH MADNESS 2021 NCAA BASKETBALL POOL
March is once again here, after a 2020 interruption due to the Covid pandemic. NCAA basketballʼs greatest week is upon us and all action will take place in the heart of it all, Indiana!. What a year and with many of the power blue blood teams officially, out, many surprises may be in store! Welcome back friends, family, prognosticators, financiers and above all else, contributors. You all know the rules and how the system works. Only slight rule changes. Send me your checks. Venmo 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. At the end of 2008, the total money in your fund was $ 4097. As of the end of 2020, via a Fund Activity Report I am currently reading, the March Madness Endowment Fund had an ending fund balance of $126,032!!! Funds historic gift value thanks to you all was $89,621. We have accumulated $$ through interest and investments. We have additional given out grants and the like. 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 14th. Entry into the tournament closes with the tip off of the first round games beginning Thursday morning, March 18th. 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%
No other gimmicks this year. Too late in the game.
2021 Charity Information
We are excited for our 24th anniversary tournament this year. The endowment fund lives on. As mentioned, over $126,000 at the end of 2020.
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 2021 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:
- Potter’s Wheel (www.potterswheelministries.com)
- Isaiah 117 House (isaiah117house.com)
- Life Choices Maternity and Youth Home (LCEvv.org)
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