Florida State Title IX settlement: Where does the money come from?
Florida State settled a Title IX lawsuit by Jameis Winston's accuser on Monday, in part because of the ongoing cost of litigation.
Legal fees for FSU have already reached $1.7 million. Here's where that money comes from, according to the school:
About $421,000 comes from the state's risk management fund. That's like an insurance fund for the state government and its entitites. It covers things like FSU, as well as the Department of Transportation. The risk management fund will also pay the $950,000 settlement to Zephyrhills' Erica Kinsman and her attorneys.
The remaining $1.3 million of the defense fees come from the Seminole Boosters' business operations. That money does not come from individual donations to FSU's booster club. Instead, it comes from things like licensing, concessions and gift shop sales. According to the booster club's tax returns, it brought in about $7.6 million in program service revenue during the 2013-14 fiscal year. The boosters' total revenue for that year was $35.5 million.