Important information about proposed tax law
Dear NCC member,
Thank you for your loyal support of our 350 student-athletes through the National Commodore Club.
As we near the end of 2017, we want to make you aware of some potential modifications to the tax law that could impact the deductibility of future gifts to the National Commodore Club. Among the changes presented in what is anticipated to be the final version of the bill is the elimination of the 80/20 rule, which allows donors to claim a charitable deduction of 80 percent of gifts related to priority ticket benefits for collegiate athletic events.
While there is still much uncertainty surrounding the legislation, contributions to the NCC that provide donors with access to tickets would no longer be deductible. The bill may be signed into law before the end of the year. We are actively monitoring its progress and will continue to be in touch as things progress.
This message is for informational purposes only, and we encourage you to speak with a tax professional to discuss the direct impact that this may have on you. If you would like to make gifts in 2017 that qualify for tax-deductibility under the current tax law, we are happy to assist you. You may give online by December 31, or call the National Commodore Club office at (615) 322-4114. We can also personally assist you with any questions you may have. Please note our offices will be closed from Dec. 22 to Jan. 1 for the holiday break.
We are so appreciative of all you do to help our student-athletes succeed in the classroom, on the playing field and in our community. On behalf of all of us here at Vanderbilt Athletics, happy holidays, and best wishes to you and your family in the coming year.
David Williams II
Vice Chancellor for Athletics and University Affairs and Athletics Director
Associate Athletics Director
Executive Director of Athletics Development