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Gifts and student organizations

  • 1.  Gifts and student organizations

    Posted 7 days ago

    Hello, all –

     

    May I ask if anyone could point me toward best practices documents (or provide general feedback) regarding when contributions to student organizations can be counted and receipted as tax-deductible gifts to the institution?

     

    I know this has been a topic of discussion before, but I'm having a difficult time retrieving these archived conversations online. 

     

    Thanks so much for any info you can provide!   

     

    Michael Halverson, Ed.D.
    Senior Director of Advancement Services
    Loyola University Chicago
    T.
    312-915-7283 | C. 320-363-4987
    mhalverson@luc.edu | www.luc.edu/advancement

     

    150_email_150_31

     



  • 2.  RE: Gifts and student organizations

    Posted 7 days ago
      |   view attached
    This is a matter of legal interpretation, Michael.  Generally speaking, gifts to student groups and clubs are NOT countable or receiptable.  The exception is those groups that serve a primarily educational purpose.  And this is where legal opinion comes in.  At Duke University, Counsel ruled that only six of our groups qualified as serving educational purposes.  the remaining 185 did not.  At NC State, no gifts to student groups were processed as charitable - at least not when I was there.

    I am attaching IRS material for review by your attorney.  With thanks to Alan Hejnal who shared much of this previously.  Also, one of the referenced IRS websites is under reconstruction so the original document is not available.

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987






  • 3.  RE: Gifts and student organizations

    Posted 7 days ago

    Thank you so very much, John!

     

    Michael Halverson, Ed.D.
    Senior Director of Advancement Services
    Loyola University Chicago
    T. 312-915-7283 | C.
    320-363-4987
    mhalverson@luc.edu | www.luc.edu/advancement