Making a Large Lump-Sum Donation

[golfballs]

I think this has been discussed before but I can't find where.

I've heard of people donating a large sum to academic departments and, in return, getting football tickets every year.

Does anyone have information on this?

:hi:

 

[me410ec]

Try utsports.com under the Tennessee Fund tab.

 

[golfballs]

I already donate through the Tennessee fund. I'm not interested in donating to athletics. I want to know about donating to an academic department. I've heard of people doing this and still getting football tickets.

 

[Fijivol72]

Depends on the amount you are willing to shell out.

 

[golfballs]

Depends on the amount you are willing to shell out.

That's what I want to know.

Any ballpark figures?

 

[EvanStalcup1990]

Donate to me, I will get you your tickets.

 

[BruinVol]

That's what I want to know.

Any ballpark figures?

With the state of the economy and the ticket issues we are having I would guess that figure is much lower than before. I would assume a donor would have an easy negotiation ATP to get a few extra perks.
Posted via VolNation Mobile

 

[Fijivol72]

Golf, think in the 20,000 range. That's what it use to take but I agree they may be getting desperate.

 

[golfballs]

Golf, think in the 20,000 range. That's what it use to take but I agree they may be getting desperate.

Thanks. I thought that was the number I remembered hearing.

 

[BruinVol]

Thanks. I thought that was the number I remembered hearing.

Sounds about right but I darn sure wouldn't be afraid to ask if I was giving 10k.
Posted via VolNation Mobile

 

[bigdaddy]

Another question, since you get tickets out of the deal how much of that donation is tax deductible?

 

[golfballs]

Another question, since you get tickets out of the deal how much of that donation is tax deductible?

I'm sure it would be treated similarly to a donation to athletics.

I'm not terribly concerned with the tax write-off

 

[tripper]

Speak to the department head you wish to donate to directly, first. This will save you a bunch of time. About $25,000 used to get you a meeting. It is substantially less now.

 

[bigdaddy]

Got you.

 

[golfballs]

Speak to the department head you wish to donate to directly, first. This will save you a bunch of time. About $25,000 used to get you a meeting. It is substantially less now.

Thanks

 

[Sandman 423]

whoops, stumbled into the high rollers room.

 

[supersmo18]

:lolabove:

 

[ReadCT]

Rules changed a couple years ago. Used to get credit towards athletics for donations to academic departments. Not so any longer.

I learned this the year my G10 parking pass was not renewed because I had donated to Chemistry Department instead of Tennessee Fund.

 

[Eugene Hetalia]

That's what I want to know.

Any ballpark figures?

Happens. 5X Times ticket cost gets you a ticket.
-T-

 

[RikidyBones]

Is an athletic fund donation tax deductible?

 

[PeeDee]

This is my understanding after speaking to someone in AD about this when the TN Fund started. The TN fund is the donor mechanism if you want tickets as a 'reward' for the gift. This way, UT decides how the money is actually used. The value of the tickets is viewed as a 'benefit' and subtracted from your donation for tax purposes.

If you donate to a department, you do not get the ticket 'benefit' so the entire amount donated can be deducted on your taxes.

So, the TN fund is supposed to be a way to differentiate donors in terms of the ticket benefit for tax purposes but I suspect it is primarily in place so UT has the power to decide how your money is used.

 

[LWSVOL]

Rules changed a couple years ago. Used to get credit towards athletics for donations to academic departments. Not so any longer.

I learned this the year my G10 parking pass was not renewed because I had donated to Chemistry Department instead of Tennessee Fund.

that is my understanding as well.

 

[LWSVOL]

Is an athletic fund donation tax deductible?

80%

 

[RikidyBones]

80%

Thank you and thank you ReadCT

 

[bigdaddy]

Thanks for the info in this thread. Good work