Download this Paper Open PDF in Browser

Donating to College Athletics: A Taxing Gesture of Kindness

6 Pages Posted: 10 Oct 2011  

Troy Lipp

Pace University - School of Law

Bridget J. Crawford

Pace University School of Law

Date Written: October 10, 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.

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

JEL Classification: K1, K34

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: https://ssrn.com/abstract=1941890

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

Paper statistics

Downloads
104
Rank
218,515
Abstract Views
888