What is the difference between giving to A-T and giving to the TECH Fund?
Contributions to the TECH Fund are gifts made as part of a per-seat donation program for preferred football and basketball seating. Gifts to A-T are all other gifts made in support of the Georgia Tech Athletic Association including but not limited to: gifts for unrestricted current operations, scholarship support, sport-specific support, and facility construction and renovation. See below for the specific tax implications of giving to the TECH Fund.
Will gifts to the TECH Fund count toward maintaining my consecutive years of support to A-T?
You maintain consecutive years of support by making an annual gift to A-T or by making a TECH Fund donation through the purchase of season tickets. Gifts to A-T provide the donor with additional benefits not available for TECH Fund gifts.
If I continue purchasing my season tickets through the TECH Fund, should I make an additional gift to A-T?
Making an annual contribution to A-T is beneficial in many ways. First, you would be making a tax-deductible gift (typically A-T unrestricted gifts are 100 percent deductible and gifts to the TECH Fund are not deductible) to support and strengthen Georgia Tech athletics. Second, based upon the amount of your donation, you would receive numerous amenities (see Annual Giving Levels). Third, unrestricted gifts to A-T receive 2 points per $100 as opposed to 1 point per $100 for gifts to the TECH Fund.
What are priority points?
Priority points are the means by which we implement requests for season ticket changes, assign and allocate tickets for all postseason events, and assign and allocate season parking passes. Gifts to A-T are the quickest way to accumulate points.
When should I make my A-T gift?
The A-T giving year starts on July 1 and ends on June 30. Some annual giving benefits are immediately distributed (e.g. giving level-specific auto decals), while others are available in the following giving year (e.g. name recognition in game day programs).
Recently Passed Tax Legislation & TECH Fund
How are TECH Fund gifts affected with the recently passed tax legislation?
Effective January 1, 2018, it is our understanding TECH Fund gifts will no longer be 80-percent tax deductible. However, the Alexander-Tharpe Fund and Georgia Tech athletics urge you to consult with your tax advisor for specific tax advice.
Will TECH Fund gifts still be required?
Yes. TECH Fund gifts will be required to purchase season tickets in applicable seating sections. It is expected that TECH Fund gifts will remain a requirement to purchase season tickets in applicable seating areas for all Georgia Tech sports that feature premium seating options.
If TECH Fund gifts will no longer be tax deductible, why are they not being removed/reduced?
The TECH Fund is the per-seat donation program that allows fans to purchase season tickets for preferred seating areas at Georgia Tech football, basketball and baseball games. TECH Fund donors enjoy access to the best areas in Bobby Dodd Stadium, McCamish Pavilion and Russ Chandler Stadium, as well as the benefits of being a season-ticket holder and donor to the Alexander-Tharpe Fund, including generating A-T Fund priority points. These gifts are essential to the mission of Georgia Tech athletics because they account for approximately $8.5 million annually, which provides critical resources in our quest to win championships and develop 350-plus Everyday Champion student-athletes – the young people who will change the world.
Will TECH Fund gifts be required in future years?
We will continue to assess the situation, analyzing the potential impacts on our constituents and the GTAA, before deciding how to move forward in future years. However, we remain committed to proactively communicating any changes or updates to our constituents.
Are gifts to the Alexander-Tharpe Fund (A-T) still deductible?
Yes. The recent legislation only applies to the TECH Fund or other gifts to athletics that provide the right to buy a season ticket. Gifts/commitments to the Alexander-Tharpe Fund to any allocation where no goods or services are received are not affected. This includes gifts to the annual Athletic Scholarship Fund, gifts to endowments and facility gifts.
Note: Alexander-Tharpe Fund / GTAA staff members are not tax experts nor registered CPAs. In all cases, we ask that you consult a professional to assess implications of the new tax legislation on your personal situation.