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Showing results for tags 'changes coming to your mgc donation'.
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I got a note from the Athletic Department regarding changes to the 80% tax deduction on Mean Green Club membership. If the new tax bill passes, membership to the Mean Green Club will no longer be tax deductible at the rate of 80% as in the past. This change ONLY affects donations that are tied to ticket purchases. For example, I must make a Mean Green Club donation in order to purchase season tickets. I currently am able to deduct 80% of that gift. If I don't have season tickets and just want to send the Athletic Department some money or if I'm a member of the MGC and DO NOT purchase tickets, I can still get the 80% deduction. The solution, at least in the short term is to make your next year's MGC donation before December 31. Then, when season tickets come due, you'll only owe the amount of tickets and no further MGC donation. This couldn't come at a worse time but here we are. If there is any solace to be had here, other schools are in the same boat. Merry Christmas Mean Green Club members. GO MEAN GREEN
