TAX CODE LEGISLATION
The tax code changes passed by Congress has an impact on your philanthropic gifts. This includes the provision in Section 170(I) of the Internal Revenue Code that previously allowed for donations related to priority ticket access for collegiate athletic stadium events to be tax deductible for 80% of the total gift amount. As per the tax code changes, a contribution that involves the right to purchase tickets for seating at our athletic events is not deductible for federal income tax purposes.
If you have questions or concerns, the Cal Athletics Fund team would be happy to assist you. We can be reached by calling (510) 642-2427 or by emailing email@example.com.