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Fifth Third Arena Donor Wall - nachoman91 - 05-24-2018 09:42 AM
I just received this email and wanted to pass this along for those who might have no seen it.
Dear Bearcat Fans,
Since its dedication in 1989, Fifth Third Arena, formerly known as Shoemaker Center, has served as the cornerstone for students, athletes, and fans on the University of Cincinnati campus. The newly renovated arena is a first-class facility standing as a testament to the Bearcats Nation and echoes our commitment to make UC the class of the league.
Today we invite you to be a part of the Bearcat legacy. When you make a donation of $500 or more to the Fifth Third Arena Renovation Project, we will show you our Bearcat appreciation by placing your name on the new Bearcat Donor Wall inside the arena.
https://foundation.uc.edu/53-arena?hq_e=el&hq_m=1561276&hq_l=5&hq_v=00f5b938ed
RE: Fifth Third Arena Donor Wall - TubaCat - 05-24-2018 10:03 AM
I wonder how much (if any) of that donation is tax deductible.
RE: Fifth Third Arena Donor Wall - dsquare - 05-24-2018 10:51 AM
(05-24-2018 10:03 AM)TubaCat Wrote: I wonder how much (if any) of that donation is tax deductible.
If you wanted it to be deductible you missed the boat(unless the boat sinks and a new boat puts the old rules back)
RE: Fifth Third Arena Donor Wall - Teakwood - 05-24-2018 11:33 AM
(05-24-2018 10:51 AM)dsquare Wrote:(05-24-2018 10:03 AM)TubaCat Wrote: I wonder how much (if any) of that donation is tax deductible.
If you wanted it to be deductible you missed the boat(unless the boat sinks and a new boat puts the old rules back)
Do the new rules effect donations like this? Seems to me there is no benefit received, so I imagine this would be deductible. Its not like this is a requirement to obtain a certain level of seating to a sporting event, where clearly a benefit is received.
RE: Fifth Third Arena Donor Wall - TubaCat - 05-24-2018 12:45 PM
(05-24-2018 11:33 AM)Teakwood Wrote:(05-24-2018 10:51 AM)dsquare Wrote:(05-24-2018 10:03 AM)TubaCat Wrote: I wonder how much (if any) of that donation is tax deductible.
If you wanted it to be deductible you missed the boat(unless the boat sinks and a new boat puts the old rules back)
Do the new rules effect donations like this? Seems to me there is no benefit received, so I imagine this would be deductible. Its not like this is a requirement to obtain a certain level of seating to a sporting event, where clearly a benefit is received.
That's what I'm thinking... other than the cost of producing a small metal plate with your name on it ($20?), I see no benefit. And even then, since UC owns the plate, it isn't really a benefit for the donor.
RE: Fifth Third Arena Donor Wall - dsquare - 05-24-2018 01:11 PM
I believe you will limit out.
RE: Fifth Third Arena Donor Wall - cpawstoney - 05-24-2018 02:19 PM
Important Tax Reform Changes
Quote:Donor-advised funds, charitable gift funds and payments from IRAs or private foundations cannot be used to pay for priority seating gifts. However, they can support any 100% deductible fund, including:
- UCATS General Fund (annual student-athlete scholarships)
- Fifth Third Arena or other capital projects
- Scholarship Endowments
- Women's Excellence Fund
RE: Fifth Third Arena Donor Wall - ucbrownsfan - 05-24-2018 03:06 PM
The increased standard deduction will make a lot of those donations not matter for a few years.
RE: Fifth Third Arena Donor Wall - doss2 - 05-27-2018 08:13 AM
(05-24-2018 02:19 PM)cpawstoney Wrote: Important Tax Reform Changes
Quote:Donor-advised funds, charitable gift funds and payments from IRAs or private foundations cannot be used to pay for priority seating gifts. However, they can support any 100% deductible fund, including:
- UCATS General Fund (annual student-athlete scholarships)
- Fifth Third Arena or other capital projects
- Scholarship Endowments
- Women's Excellence Fund
Why no Men's Excellence Fund?
RE: Fifth Third Arena Donor Wall - gerhard911 - 05-27-2018 03:48 PM
(05-27-2018 08:13 AM)doss2 Wrote:(05-24-2018 02:19 PM)cpawstoney Wrote: Important Tax Reform Changes
Quote:Donor-advised funds, charitable gift funds and payments from IRAs or private foundations cannot be used to pay for priority seating gifts. However, they can support any 100% deductible fund, including:
- UCATS General Fund (annual student-athlete scholarships)
- Fifth Third Arena or other capital projects
- Scholarship Endowments
- Women's Excellence Fund
Why no Men's Excellence Fund?
Because you prove that is a hopeless cause.
RE: Fifth Third Arena Donor Wall - Captain Bearcat - 06-01-2018 12:02 AM
(05-27-2018 08:13 AM)doss2 Wrote:(05-24-2018 02:19 PM)cpawstoney Wrote: Important Tax Reform Changes
Quote:Donor-advised funds, charitable gift funds and payments from IRAs or private foundations cannot be used to pay for priority seating gifts. However, they can support any 100% deductible fund, including:
- UCATS General Fund (annual student-athlete scholarships)
- Fifth Third Arena or other capital projects
- Scholarship Endowments
- Women's Excellence Fund
Why no Men's Excellence Fund?
Because men are already excellent.
RE: Fifth Third Arena Donor Wall - Ring of Black - 06-01-2018 05:09 AM
(06-01-2018 12:02 AM)Captain Bearcat Wrote:(05-27-2018 08:13 AM)doss2 Wrote:(05-24-2018 02:19 PM)cpawstoney Wrote: Important Tax Reform Changes
Quote:Donor-advised funds, charitable gift funds and payments from IRAs or private foundations cannot be used to pay for priority seating gifts. However, they can support any 100% deductible fund, including:
- UCATS General Fund (annual student-athlete scholarships)
- Fifth Third Arena or other capital projects
- Scholarship Endowments
- Women's Excellence Fund
Why no Men's Excellence Fund?
I cannot speak for all men, but I know at least two are:
By the way, I did like gerhard911's response better
RE: Fifth Third Arena Donor Wall - Bearcat2012 - 11-02-2018 08:31 AM
Did anyone there last night see this ?
I saw the names on the side video boards but didnt see the physical wall anywhere . I assume this is one of the work in progress items
RE: Fifth Third Arena Donor Wall - djtothemoney - 11-02-2018 09:03 AM
(11-02-2018 08:31 AM)Bearcat2012 Wrote: Did anyone there last night see this ?
I saw the names on the side video boards but didnt see the physical wall anywhere . I assume this is one of the work in progress items
I got confirmation that it wasn't ready. Planning to have it ready for the OSU game.