TOWN have launched the Blue and White Foundation with the aim of raising £200,000 a year for the club's Academy.
Around 500 fans attended last night's launch event at the McAlpine, when chief executive Andrew Watson revealed details of the fund-raising scheme.
The club hope to attract an exclusive membership of 2,000 fans, each paying £2 per week in return for various McAlpine benefits, and it will get under way on December 4.
Mr Watson told the packed audience: "The Foundation can ensure that we not only keep the Academy going but that it can thrive as we need it to for many years to come.
"It was feared earlier this year that if the club went into administration, the Academy might be one of the first things to go.
"Thanks to help from the Yorkshire Building Society Terriers Account and the Patrons Association, we managed to keep it going, but we now need a major drive to fund it further.
"Despite grants of around £200,000 a year from the Football Foundation and the help we receive from the Patrons and Yorkshire Building Society, we still need to raise around £180,000 a year for the Academy."
The Blue and White Foundation - similar to a scheme which has run successfully at Bolton for the past 20 years - can do that by offering benefits to members and a weekly big-money cash draw.
Each fan gets a letter of acceptance and membership pack containing full details.
Members get a 5% discount on next year's season-tickets, free weekend membership of the McAlpine gym and free junior Town recognition for children and grandchildren.
There's preference for big-match tickets alongside that of the season-ticket holders, a regular newsletter, various social events and a chance, twice a year, to put questions to the board.
Foundation members will also choose a Player of the Month and Player of the Year, while the weekly cash draw will be launched in December
Top prize will be £500, with a £10 consolation prize going to the holders of the five numbers either side of the winner.
And for one week a year, there will be a £10,000 cash prize, with £100 each for the 10 nearest numbers either side.
"We will be giving away a total of £41,000 and, from a membership of 2,000, there will be 572 winners, which can't be bad," said Mr Watson, who received more than 1,000 applications to attend last night's event.
"The hope is that people will pay by direct debit - it's just £8.66 a month - and if we fill up the membership the Foundation will bring in £208,000 a year.
"Over the next decade, that could add up to £2m towards the cost of producing our own homegrown players and we all know how vital that is.
"Just looking at Saturday's win over Bristol Rovers, three of the star performers, Jon Stead, Andy Booth and Paul Scott, were Leeds Road products.
"And the bench was entirely homegrown, with Andy Holdsworth going on and making his League debut on a day when the Academy team themselves beat Chelsea away from home, which is no mean feat.
"Our intention is to bring more and more players through like that and, having watched our Under 10 and 11 teams last weekend, I can tell you we have some smashing prospects in the system."