The fair market value (FMV) of benefits made available to a donor as a result of their contribution must be deducted from the gift amount to determine the charitable amount eligible for income tax purposes. Donors have the option to forfeit their benefits in order to receive a full taxable donation.
Gifts or grants from the following sources may NOT satisfy membership level requirements:
|
• Donor advised funds
• Private foundations
• Other charitable organizations
• Individual retirement accounts (IRA) charitable rollovers |
Northeastern athletics is committed to adhering to NCAA rules and regulations. The university is responsible for the conduct of any individual or organization affiliated with the Department of Athletics. As a contributor to Northeastern Athletics, you are designated as a representative of athletic interests or a "rep" or a “booster” by the NCAA and thus are responsible for adhering to NCAA regulations.
Northeastern athletics values your interest and support of our student-athletes and the department’s mission. Your support and assistance in the area of rules compliance is greatly needed. Northeastern abides by the fundamental rule of thumb that one should ask before acting, so please contact us with any questions. Failure to adhere to NCAA rules and regulations may result in severe ramifications for Northeastern and the future success of our student-athletes.
