Please be aware that recent changes to the federal tax code will impact the tax-deductible status of your scholarship seating gifts. For 2017 and years prior, these donations were tax deductible for 80 percent of the total gift amount. With new tax code legislation now in place, deductions for donations related to athletic tickets have been eliminated.
The affect of this change will be unique to each person. Some may see a difference on their final tax bill, others may not. Please contact the Golden Gopher Fund at (612) 626-4653 or email GGF@umn.edu with any questions or for additional information. Please also consider discussing your individual situation with your tax adviser.