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re: What do college athletic boosters get in return for their monies?
Posted on 1/3/24 at 12:09 pm to onepiecemayne
Posted on 1/3/24 at 12:09 pm to onepiecemayne
quote:
a tax write-off?
No, not even that. It's why it's not sustainable long term. No tax deduction and not even a library named after me.
6
Posted on 1/3/24 at 12:23 pm to Bjorn Cyborg
Well, if the Cyborg Library ever opens up on campus, we will know it’s you.
Posted on 1/3/24 at 1:09 pm to Bjorn Cyborg
quote:been saying this all year. Changes will be introduced as soon as all this conference realignment finishes
It's why it's not sustainable long term
Posted on 1/3/24 at 1:11 pm to Bjorn Cyborg
quote:NIL payments to an athlete are deductible as a business expense.quote:No, not even that. It's why it's not sustainable long term. No tax deduction and not even a library named after me.
a tax write-off?
Payments to universities are deductible to the extent the donor does not receive value for the donation. However, no deduction shall be allowed for any amount paid to or for the benefit of an institution of higher education if the payer receives (directly or indirectly) as a result of that payment the right to purchase tickets to an athletic event at an athletic stadium at that institution.
Posted on 1/3/24 at 2:29 pm to Bjorn Cyborg
Donations are eligible for tax right offs.
Posted on 1/3/24 at 2:36 pm to Bjorn Cyborg
quote:
a tax write-off?
No, not even that. It's why it's not sustainable long term. No tax deduction and not even a library named after me.
They do get a tax writeoff. You get a tax writeoff if you donate money as long as you don't get anything in return for your donation ie library, etc.
Posted on 1/4/24 at 7:24 am to Bjorn Cyborg
I would frequent a library if it was named “The Bjorn Cyborg Library”
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