Abstract

http://ssrn.com/abstract=1941890
 


 



Donating to College Athletics: A Taxing Gesture of Kindness


Troy Lipp


Pace University - School of Law

Bridget J. Crawford


Pace University School of Law

October 10, 2011

Tax Notes, Vol. 133, No. 2, 2011

Abstract:     
This article considers the tax consequences of a booster's contribution to a college athletics program, using the case study of financier Robert Burton's multi-million dollar contribution to the University of Connecticut football program. This article discusses the income and gift tax issues that arise in connection with gifts made in contemplation of corresponding benefits, as well as the potential tax consequences if a donor subsequently withdraws a gift. Donors who expect a role in a team's affairs may face unfavorable tax consequences.

Number of Pages in PDF File: 6

Keywords: gift, income, tax, deduction, athletics, sports, Burton, UConn, Connecticut, Huskies

JEL Classification: K1, K34

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Date posted: October 10, 2011  

Suggested Citation

Lipp, Troy and Crawford, Bridget J., Donating to College Athletics: A Taxing Gesture of Kindness (October 10, 2011). Tax Notes, Vol. 133, No. 2, 2011. Available at SSRN: http://ssrn.com/abstract=1941890

Contact Information

Troy Lipp
Pace University - School of Law ( email )
78 North Broadway
White Plains, NY 10603
United States
Bridget J. Crawford (Contact Author)
Pace University School of Law ( email )
78 North Broadway
White Plains, NY 10603
United States
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