Endowment / Foundation

Updated:

IPTAY

Launched in 1934, IPTAY — originally an acronym for 'I Pay Ten A Year' — was formed to fund Clemson's student-athlete scholarships and has since evolved into...

IPTAY logo

IPTAY

Launched in 1934, IPTAY — originally an acronym for 'I Pay Ten A Year' — was formed to fund Clemson's student-athlete scholarships and has since evolved into one of collegiate athletics' most durable fundraising engines. CEO Davis Babb directs an organization that operates as the primary development arm for Clemson Athletics, converting annual gifts and major pledges from alumni and donors into sustained support for the athletic department. IPTAY's capital is deployed through both its athletic and academic endowments alongside direct funding for facility projects. The organization maintains two distinct endowment pools to support university priorities. Real asset holdings include the McCarter Family IPTAY Center, located at 1 Avenue of Champions in Clemson. Major gifts have shaped IPTAY's trajectory, including the largest donation in its history from Jim and Candace Brown, and contributions from the Jordan Family toward the Allen N. Reeves Football Complex. These commitments flow into scholarships, academic resources, and facility improvements for Clemson's student-athletes. IPTAY operates under the broader Clemson University ecosystem, collaborating with the Clemson University Foundation on investment management and endowment oversight. The organization's network extends through affiliated groups: the Block C Club, a letterwinners association now housed under IPTAY, and the IPTAY Collegiate Club, a student group that introduces undergraduates to athletic fundraising. IPTAY also maintains ties to the National Association of Athletic Development Directors. Donors recognized as Cornerstone Partners include John N. 'Nicky' McCarter, Jr., for whom the IPTAY Center is named, alongside Jim and Candace Brown and the Jordan Family. IPTAY's structural differentiator is its singular lock on a single major-conference athletic department's donor base. Unlike a general university endowment, IPTAY's mandate is entirely tied to athletics fundraising, converting football and basketball success cycles into capital for scholarships and facilities. This narrow charter, reinforced by a century-long brand, creates a donor pipeline that most peer institutions administer through fragmented general development offices rather than a dedicated, independent organization.

General information

Firm type

Endowment / Foundation

Year founded

1934

Location

Region

North America

Country

United States

City

Clemson

Corporate office

Clemson, South Carolina, United States

Principals

Davis Babb

CEO

Sector focus

EducationReal Estate

Frequently asked questions

Who runs investment decisions at IPTAY?

Investment oversight for IPTAY's endowment assets is conducted in partnership with the Clemson University Foundation. CEO Davis Babb leads the fundraising organization, but the Foundation collaborates on the day-to-day management of the investment pools.

How is IPTAY related to Clemson University?

IPTAY is the official fundraising organization for Clemson University Athletics. It is a separate 501(c)(3) entity that funnels donor contributions directly into student-athlete scholarships, academic support, and athletic facilities for Clemson. The organization works alongside the Clemson University Foundation, which helps manage the endowment assets.

Where does IPTAY's funding come from?

IPTAY's capital is sourced from annual donations by Clemson alumni and athletic boosters, major gifts from high-net-worth donors, and investment returns on its endowment. Notable donors include the McCarter Family, Jim and Candace Brown, and the Jordan Family, who have funded key facilities and the endowment's growth.

Does IPTAY maintain separate endowment pools?

Yes. IPTAY maintains distinct athletic and academic endowments. These funds are designed to provide long-term financial stability for Clemson Athletics by covering scholarship costs, academic resources, and facility maintenance through investment income and new contributions.

What is the Block C Club and how is it connected to IPTAY?

The Block C Club is the letterwinners association for former Clemson student-athletes. It now operates under the IPTAY umbrella, serving as a professional network that maintains ties between alumni athletes and the university's athletic fundraising apparatus.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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