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  • 1.  Tickets for Less - Athletic Donations

    Posted 06-08-2023 07:17 PM

    Has anyone ever received contributions for the required seatback portion of Athletic ticket sales from a company (Tickets for Less). It sounds like this company came in and purchased a bunch of seats that had required contributions attached to them. Would the IRS consider this "purchase" as a donation from this company? I do know that they are planning on reselling the tickets they purchased.

     

    Thank you!

    Margie

     

    signature_1282800627

    MARGIE HIROSE

    DIRECTOR

    Gift Accounting

    Washington State University Foundation

    Work: (509) 335-0954

    Email: margieh@wsu.edu

    foundation.wsu.edu

     

     

     



  • 2.  RE: Tickets for Less - Athletic Donations

    Posted 06-08-2023 07:44 PM
    I would need more information. I am unfamiliar with the company or program; however, if a "contribution" is required to purchase tickets, IRS regulations since 2018 would not allow any deduction for any portion of the payment. Here's a snippet from an attorney interviewed by CASE:

    "As of Jan. 1, 2018, donors who make a contribution in exchange for the right to purchase tickets or seating can no longer take a charitable deduction on 80 percent of the contribution. The law clearly states that "no charitable deduction will be allowed for any amount" of these contributions."

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987






  • 3.  RE: Tickets for Less - Athletic Donations

    Posted 06-09-2023 10:18 AM

    We do have this statement on our receipts so that should have us covered. Thank you again, John for always being so quick!

    Margie



    ------------------------------
    Margie Hirose
    Washington State University Foundation
    margieh@wsu.edu
    ------------------------------

    Original Message


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