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March Madness Fundraiser

March 10, 2011 | 0 Comments

Springtime for sports fans only means one thing: March Madness.  68 teams compete for the right to be crowned NCAA Division 1 Men’s Basketball Champion.

For the 6th anniversary, the First Base Foundation will be hosting THE PREMIER CHARITY EVENT / COLLEGE BASKETBALL POOL IN SAN FRANCISCO at Perry’s on Union. Last year, Kolkata helped raise $5,000 for First Base Foundation’s Bay Area Warriors Basketball team.  Thank you Perry for letting us host the event at our favorite restaurant again this year!When: Tuesday, March 15th, 6-10PM.
Where: Perry’s, 1944 Union St.

Mark your calendar now to make sure you don’t miss the action.  As you know, this is the most exciting way to participate in the NCAA tournament (for those of us without any semblance of basketball skills).

For those of you who don’t know, what is The Kolkata?
The Kolkata is a team by team auction of the 64 teams (after the “First Four” play-in games). The play-in games will not be completed at the time of the auction so we will be auctioning off the 16 seed’s slot. 10% of the pool goes to charity with the remainder going to the Kolkata purchasers / high bidders in a variety of incentivized payouts. Payouts are percentage of the entire pool. Last year we set an all-time record with $25,000 pool – and this year we are aiming for $30k. Below are the payouts:

PayoutPercentage of pool
Championship Team:25%
Runner-Up:10%
Final Four:10% (split between two teams)
All teams seeded 3-16 who reach Elite Eight:10% (split between all applicable teams)
All teams seeded 5-16 who reach Sweet Sixteen:10% (split between all applicable teams)
All teams seeded 9-16 who reach 2nd round:10% (split between all applicable teams)
Biggest 1st round blowout winner (by points)2%
Biggest 1st round blowout loser (by points)5%
Biggest 1st round upset winner (by seeding)4% (split between teams if necessary)
Biggest 2nd round upset winner (by seeding)4% (split between teams if necessary)
Charity <First Base Foundation>10% (+ 10% Match)
Total100%

Payments: Please bring cash, specifically the kind with Mr. Franklin’s picture on it. There are a number of ATMs nearby.

Come hungry and thirsty! Beer, wine and cocktails as well as Perry’s delicious menu will be available.

Don’t miss it.  Tell your friends, co-workers, and those consumed by the collegiate version of Dr. James Naismith’s invention.  Please mark your calendar for the evening of March 15th.

If you can’t make it to Kolkata this year but you would still like to support a great organization that does a lot for the Bay Area community, then please donate to the First Base Foundation here: https://firstbasefoundation.org/donations/.