Taxing Changes

December 26, 2017

The new tax plan has college officials concerned due to the way it will affect boosters’ donations. In the past, boosters could list a donation made to secure season tickets as a deducation on their federal taxes.

An article from the Dallas News explains that with the new tax plan, individuals will no longer be able to do this. 

“It’s somewhat of a shock to the schools,” Rep. Roger Williams, an Austin Republican and Texas Christian University trustee, said. “Because this is a big part of their revenue, where you can give and the person giving can get a deduction.”

For instance, this year, acquiring a prime season ticket for TCU basketball games cost $525, along with a donation of $1,000. Of that cost, $800 would be tax-deductible for 2017.

Williams is hoping that fans' loyalties to a school will be more important than the tax deduction.

“The schools are concerned about it. I’m concerned about it,” Williams said. “But I’m hoping in return, that the loyalty to the schools and the commitment to their local communities will offset anybody who might be concerned or might feel that they can’t afford it.”

Overall, the change is drawing criticism because a large proportion of NCAA Division I schools' athletic budgets comes from donors.

“When you start taking away the ability of these programs to raise money and support their programs, it’s going to be more difficult,” Tom McMillen, President of the Lead1 Association, said.

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