The team was upgraded to full varsity status in 1973.
Next year, the plan is for a move up to varsity status.
They pledged $30,000 to maintain varsity status for both programs in the 1992-93 year.
After years of speculation the men's and women's programs will be elevated to varsity status beginning with the 2012-13 season.
The team lost its varsity status at the end of the 2008 season.
Earning varsity status in 1922, the program has completed its 91st season.
The women's ice hockey program achieved varsity status in 2007.
After a 50-year absence, women's basketball finally reached varsity status in 1974.
"Most are from those who feel the varsity status would go against the traditions of student leadership and management."
Under Smith's leadership, the team returned to varsity status in 2001 after 9 years at the club level.