Year-End Gifts and Tax Law Changes

Dear Friend of Akron Athletics,

Thank you for your generous support and investment in the success of our UA student-athletes through your annual donation to the Z-Fund. Your continued support makes a tremendous impact on our 450 student-athletes to excel in the classroom, in competition, and in the community.

As you are aware, Congress has recently passed changes to the tax code which will be signed by the President by the end of this week. The proposed changes will have an impact on your philanthropic gifts to Akron Athletics. For example, current IRS policy allows for donations related to priority ticket access for collegiate events to be tax-deductible for 80% of the total gift amount. The new legislation eliminates the provision allowing individuals to deduct charitable contributions connected to athletics tickets. With this new lRS policy, future donations to the Z-Fund for ticket purchases may no longer be considered tax-deductible. We ask that you consult your tax advisor for your exact charitable contributions deductibility.

At this time, Akron Athletics does not have any plans to adjust the donation structure of the Z-Fund seating programs for Men's and Women's Basketball, Football, and Men's Soccer, but we are actively looking at the new policy and considering how to structure our benefits in the future.

It may be to your advantage to make any planned donations you are currently considering prior to the end of this 2017 tax year to guarantee tax-deductibility under current tax law. For example, you may consider making a one-time gift that can be prorated by UA over a period of years toward future Z-Fund seating donation requirements.

Our Athletics Development staff will be happy to personally assist you with any questions you may have related to your generous support or with a gift to Akron Athletics. You may contact the Z-Fund staff by calling one of the following development officers Monday through Friday from 8 a.m. to 5 p.m:

                        Anthony Henderson (330) 972-7117 or ahender@uakron.edu
                        Tim Faix (330) 972-8502 or tfaix@uakron.edu
                        George Van Horne (330) 972-8255 or ghvanhorne@uakron.edu

Any contributions made by December 31, 2017, would be deductible according to current tax laws. Please contact your tax advisor about your specific situation and the impact of the new IRS Tax Law.

Thank you for your support of Akron Athletics and investing in our student-athletes' success. We wish you and your family all the best during this holiday season.

Go Zips!

18330

George Van Horne
Senior Associate Athletics Director

The University of Akron Athletics

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