Texas A&M donors want their ‘lifetime’ agreement honored

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HOUSTON, TX – Hundreds of Texas A&M alumni are looking for answers after a lifetime agreement they made with the 12th Man Foundation is being threatened. The alumni filed a federal lawsuit against the foundation on Wednesday, after the foundation tried to charge them additional fees for football tickets they claim they’ve already paid for.

The lawsuit claims the endowment agreements, most of which were made in the 1980s, entitled the alumni to a number of perks, including season tickets in the location of their choosing. The alumni paid either $20,000 for two seats or $40,000 for four seats, at the time the agreement was made, and in turn were told they could have their season tickets for life. The suit claims, now, the 12th Man Foundation, who administered the original agreements and confirmed such agreements with donors in a 1991 letter, is no longer offering donors the same seats for the amount agreed upon. The foundation is requiring donors pay additional costs if they wish to keep their prime football tickets.

“The donors have done everything that they were required to do to comply with the agreement, and it’s not the donors’ fault that all of a sudden [The 12th Man Foundation] thinks this is bad deal, and [they] want more money,” said attorney Debra Hayes, who is representing the alumni.

The 12th Man Foundation was not available for comment on Wednesday, but attorneys for the alumni say the foundation claims the donors have received adequate perks in exchange for their donations. However, the donors want the original agreement to be honored the way it was initially discussed.

The clock is ticking. The 12th Man Foundation is set to release a new seating plan on Monday, which would release the plaintiffs seats and make them available for purchase to the rest of the foundation’s season ticket holders. The donors involved in the case are hoping they can prevent the loss of their seats, and get the foundation to honor their lifetime agreement as originally discussed.

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