Contributions to the Green Wave Club are deductible to the extent that they exceed the value of the goods and services Tulane provides in return. Under Internal Revenue Code provisions in effect as of December 2017, gifts eligible for the right to purchase tickets for seating at an athletic event are 80% deductible.
Proposed tax legislation could repeal deductions for these gifts. Other benefits can further reduce deductibility of a gift. If you choose to waive all applicable benefits, you must sign a written waiver at the time you make your Green Wave Club gift. See message below from Assistant Athletics Director, Garrett Broom, regarding this potential new legislation.
Please consult your tax adviser about how the tax rules apply to you.