As a nonprofit organization, the NCAA puts its money where its mission is: equipping student-athletes to succeed on the playing field, in the classroom and throughout life.

The NCAA receives most of its annual revenue from two sources: television and marketing rights for the Division I Men’s Basketball Championship and ticket sales for all championships. That money is distributed in more than a dozen ways — almost all of which directly support NCAA schools, conferences and nearly half a million student-athletes.

About 60% of the NCAA’s annual revenue — around $600 million — is annually distributed directly to Division I member schools and conferences, while more than $150 million funds Division I championships. Divisions II and III receive 4.37% and 3.18% of all NCAA revenue, respectively, which both divisions divide to fund their championships and support their membership. The NCAA also funds several services and educational programs for student-athletes and member schools, as well as a number of scholarship, grant and internship programs.

The Board of Governors, which includes representatives from all three divisions and public members, provides oversight of the Association’s finances, including distribution.