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TAX INFORMATION

The UConn Foundation, Inc. is recognized by the Internal Revenue Service as a tax-exempt 501(c)(3) organization, and contributions to the UConn Foundation are deductible for federal income tax purposes to the extent allowable by law. Please consult your tax advisor for further information about the tax implications of your contribution.

SEASON TICKETS & SEAT DONATION
Donors to UConn Athletics, are entitled to receive priority seating for season tickets purchased for football, men's soccer, women's soccer, men's ice hockey, men's basketball, or women's basketball. The cost of tickets is not tax deductible for federal income tax purposes.

2018 NEW TAX LAW INFORMATION
Prior to January 1, 2018, a donor was permitted to claim a charitable contribution deduction for 80 percent of the amount paid for the right to purchase tickets for seating at athletics events. Under the new federal tax law that took effect January 1, 2018, the tax treatment of donations that result in the right to purchase tickets for seating at athletic events has been modified. All donors have the option to waive priority seating and related benefits when making a new gift, except for Rentschler Field Seat Donations. If waived, the gift is tax-deductible up to 100 percent or the level permitted by law. Please note that this information is not intended as tax advice.

For questions, please contact the Husky Athletic Fund Office at (860) 486-3863 or huskyathleticfund@foundation.uconn.edu.

OTHER BENEFITS
The Internal Revenue Code also addresses other benefits (other than priority seating) that a donor may receive as a result of the gift. A donor may only deduct the amount of a gift that is more than the value of other benefits received. Car decals, newsletters, and other token items do not reduce the amount eligible for deduction for tax purposes; however, other goods or services a donor receives in consideration for a contribution may reduce a donor's eligible deduction. The UConn Foundation will inform you of the estimated fair market value of any goods or services that you are provided in exchange for your contributions.

SUBSTANTIATION REQUIREMENTS
As required by the Internal Revenue Service, the UConn Foundation, Inc. will furnish donors with receipts for contributions. Donors should retain their receipts for federal income tax purposes. If you have questions, please contact the Husky Athletic Fund Office at 860-486-3863 or huskyathleticfund@foundation.uconn.edu.

Please consult your tax advisor to determine the amount of your contribution eligible for deduction for federal income tax purposes.contribution eligible for deduction for federal income tax purposes.

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