As you prepare your tax return, please consider the guidelines set forth below.
If you are entitled to receive a benefit as a result of making a contribution to a qualified charitable organization, you can deduct only the amount of your contribution that is more than the value of the benefit(s) you are entitled to receive.
Cougar Club reminds you that tax laws were enacted effective January 1, 2018, that may impact payments you made to BYU Athletics and encourages you to consult your tax advisors regarding how prior and current tax laws and regulations apply to you.
Cougar Club Tax Disclosure Statement
If your contribution to BYU Athletics is $60 or more, this entitles you to receive benefits in the Cougar Club. Tax laws and regulations require the Cougar Club to provide you with the following written disclosure statement.
The amount of your contribution that is deductible for federal income tax purposes is limited to the excess of money (or in some but not all cases the fair market value of contributions other than money) you contribute to BYU Athletics over and above the value of goods or services made available to you by the Cougar Club in connection with your contribution. In exchange for your contribution, you may have received, or been entitled to receive, one or more of the following benefits, which have the following estimated fair market values:
- BYU Flag (one time only; new Bronze members), $10
- BYU Hat (one time only; new Silver members), $10
- BYU Backpack (one time only; new Golden Cougars), $40
- BYU Blanket (one time only; new Platinum members), $12
- Minky Couture BYU Blanket (one time only; new Legacy members), $100
- Custom BYU Cooler (one time only: new Legacy 4’s) $300
- BYU Helmet (one time only: new Legacy 5’s) $500
- Free Club Luncheons, $5 per person, per luncheon (6 luncheons in 2023)
- Hall of Fame Banquet, $40 per meal
- Annual Scholarship Dinner (Scholarship sponsors only), $20 per meal
In computing your charitable deduction for contributions to BYU Athletics, you should subtract the value of any benefits you received, or had the right to receive, according to the benefits schedule set forth above, from the total amount you contributed.
In addition to tangible benefits, your contributions to BYU Athletics may have also allowed you to purchase tickets to BYU Athletic events—either in priority locations, or at a prioritized time (selecting seats before the general public and/or other donors who are at a lower priority status).
Cougar Club members may make contributions to BYU Athletics in order to be eligible to purchase tickets in priority seating areas of LaVell Edwards Stadium and the Marriott Center. Amended IRC Section 170(l) provides in part as follows: “No deduction shall be allowed … if … the taxpayer receives (directly or indirectly) as a result of paying such amount the right to purchase tickets for seating at an athletic event in an athletic stadium of such institution.” Please consult your tax advisor concerning the application of this change in the law to your contributions to BYU Athletics.
In 2023, a contribution of $60 entitled an athletic donor to qualify to purchase seating in most priority seating areas in LaVell Edwards Stadium and the Marriott Center. We encourage you to consult your tax advisor with questions about the right to purchase tickets.
BYU Athletics welcomes grants from private foundations and donor advised funds. However, federal law may impose significant. penalties on donors and fund administrators for grants from a private foundation or a donor advised fund (DAF) if a benefit is available to an individual in exchange for the grant.
You should also be aware that Cougar Club benefits for qualified charitable distributions (QCDs) directly from IRAs may disqualify the distributions from preferred tax treatment. Please consult your tax advisor(s) for specific information about the tax implications of Cougar Club benefits. For additional information please visit www.cougarclub.com or contact the Cougar Club Office at 801-422-2583.
All Club members are encouraged to consult with their tax advisors.