New tax bill could undercut college athletic departments

[orientalnc]

The new tax bill eliminates the deductibility of donations that establish ticket purchase and seating priority. The AT fund would potentially take a big hit in their fund raising.

 

[TampaGT]

The new tax bill eliminates the deductibility of donations that establish ticket purchase and seating priority. The AT fund would potentially take a big hit in their fund raising.

It’s a nice deduction, but I don’t think most people buy tickets for the tax deductibility.

 

[Jean-Baptiste Rochambeau]

It’s a nice deduction, but I don’t think most people buy tickets for the tax deductibility.

Does it affect donations to the A-T Fund, or just donations that are used to improve seating priority. Could you not purchase tickets, and make a separate donation that would be deductible?

 

[Supersizethatorder-mutt]

I would assume the A-T Fund would still qualify for a deduction though. Tech should be doing more to get donations through the A-T Fund anyway.

 

[MWBATL]

If the Republicans had wanted to hurt the NFL, they should have made sports tickets non-deductible as a business expense.

 

[Lavoisier]

It might, but I don't know how much we get through those types of donations. Our season tickets are pretty cheap relative to some other schools because there aren't a ton of donations required to get on waiting lists or increase priority. I could see it affecting some of the bigger SEC schools maybe but I'm just speculating here.

 

[Jean-Baptiste Rochambeau]

I would assume the A-T Fund would still qualify for a deduction though. Tech should be doing more to get donations through the A-T Fund anyway.

Isn't this like you give $30 to the Girl Scouts, it's deductible, but if you buy $30 worth of Girl Scout cookies, that's not deductible?