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<blockquote data-quote="Augusta_Jacket" data-source="post: 935370" data-attributes="member: 1191"><p>Correct. From the FAQ section of their website:</p><p></p><p>"The Tech Way is not a 501c3 tax exempt entity. As such, contributions to The Tech Way are not tax deductible as a charitable donation.</p><p></p><p>A business may direct that payments for the NIL activations by the student athletes be used to promote the business and/or market the business’ products and services. To learn more, contact us at <a href="mailto:arryana@studentathletenil.com">arryana@studentathletenil.com</a>. Under these circumstances a business may be able to deduct these payments and/or payments for a membership to The Tech Way as a business expense. Of course, a business seeking a tax deduction for such payments should consult with it’s tax advisor prior to taking any such deduction.</p><p></p><p>Nothing in this communication is intended to constitute legal or tax advice."</p></blockquote><p></p>
[QUOTE="Augusta_Jacket, post: 935370, member: 1191"] Correct. From the FAQ section of their website: "The Tech Way is not a 501c3 tax exempt entity. As such, contributions to The Tech Way are not tax deductible as a charitable donation. A business may direct that payments for the NIL activations by the student athletes be used to promote the business and/or market the business’ products and services. To learn more, contact us at [EMAIL]arryana@studentathletenil.com[/EMAIL]. Under these circumstances a business may be able to deduct these payments and/or payments for a membership to The Tech Way as a business expense. Of course, a business seeking a tax deduction for such payments should consult with it’s tax advisor prior to taking any such deduction. Nothing in this communication is intended to constitute legal or tax advice." [/QUOTE]
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