New Mizzou Endzone Project
Posted: Fri Dec 16, 2016 3:55 pm
Mizzou posted pics for new endzone facility today.
http://mutigers.com/news/2016/12/16/foo ... shape.aspx
http://mutigers.com/news/2016/12/16/foo ... shape.aspx
I could be wrong, but I think it depends on if you get a benefit from the donation. It used to be that these donations were 80% deductible if you receive priority seating, team access, a mug, etc. Now, I think they require you to fully waive all "rewards" for the donation to get a tax benefit.beautyfromashes wrote:Do people who donate to stadiums like this get a tax write off? It seems giving to a sports team shouldn’t get a break for donors.
Following a trend
Missouri, and the other athletic departments that have undertaken similar projects in recent years, were by no means pioneers in their thinking. Stanford senior athletic director Ray Purpur drew the ire of school alumni in 2006 when the university’s Board of Trustees approved a $95 million plan to shrink its stadium capacity from 85,000 seats to 50,000, even though the Cardinal’s football team drew fewer than 35,000 fans for most games. Much of that criticism centered around the “lavish spending” associated with intercollegiate athletics, according to the New York Times. Stanford took a gamble on a program that finished 1-11 the previous season and hadn’t recorded a winning season in five years.