Change Ad Consent
Do not sell my daa
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[QUOTE="Consigliere, post: 2401633, member: 559"] The ramifications of the proposed changes to the tax code are a serious concern, particularly at an institution like Syracuse where roughly 85% of the donations to the Athletic Department stem from Preferred Access Requirements rather than purely philanthropic motives. Gold standard is a 50-50 split. Think this is another reason why Wildhack is so insistent that Dome Renovation / Replacement will not impact our home schedules for football or basketball. We can't afford it! I am pleased to see the protection for charitable contributions going forward. In fact I would prefer to see a system that awards giving as a tax credit, not a taxable income deduction. With the doubling of the standard deduction and elimination of other deductible expenditures like SALT, many taxpayers will not be itemizing in the future so the tax advantage to giving, even while still deductible will be removed. Compounding that by eliminating deductibility of the source of 85% of our donation base could well be catastrophic. I get the rationale and philosophically question if PAR should truly be considered "giving" since a benefit is received for the "gift." In fact most corporations that offer matching gifts no longer do so for such donations. But considering the heavy reliance that so many institutions have on such giving there needs to be a better way to at the very least phase this in. [/QUOTE]
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