Previously, federal tax law allowed seat-related donations to be 80 percent deductible for tax purposes. Recently, a change in federal law repealed this deduction. As a result, seat-related donations are no longer deductible in 2018. We encourage you to contact your tax adviser if you have any questions about this change in tax law.
Gifts to OSU Athletics are made payable to the OSU Foundation. The Oklahoma State University Foundation is a not-for-profit corporation organized under the General Corporation Act of the State of Oklahoma. The Foundation has qualified as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. Gifts made to the Foundation are deemed to be made to a qualified organization and are deductible under Section 170 of the Internal Revenue Code. The Foundation is a separate and distinct legal entity from Oklahoma State University.
Donations or gifts to charitable organizations like the OSU Foundation provide substantial tax advantages and income benefits. We would be pleased to assist you with your goal of making a positive impact for OSU Athletics through a charitable donation.
If your gift is tax-deductible, your gift will be tax-deductible for the calendar year in which it is made, and is receipted and acknowledged by the OSU Foundation.
Donations received by the OSU Foundation for the benefit of OSU Athletics may be transferred to Cowboy Athletics, Inc. in accordance with the Joint Resolution among Oklahoma State University, the Oklahoma State University Foundation, and Cowboy Athletics, Inc.
For additional information, please consult with your tax adviser.