University at Albany

GDAC Tax Information

Values of Membership Benefits:

For federal income tax purposes, your charitable deduction is limited to the excess, if any, of your contribution over the value of the goods or services provided to you by the Great Dane Athletic Club. Token (or de minimis) items such as thank-you packets, magnets, etc. do not affect your deductibility status. Other benefits received in consideration for donations can further reduce deductibility and are listed below.

Note: If your contribution includes the option to purchase scholarship seating based on your level of giving (and you did not decline this option at the time you made your donation), the IRS allows only 80% of the donation to be tax deductible.

Fair Market Value of GDAC Benefits:

  • Complimentary Football Parking - $10 per game (per vehicle)
  • Complimentary Men’s Basketball Parking - $10 per game (per vehicle)
  • Courtside Corner Hospitality – $10 per person per game
  • All Sport Access Pass - $7 per person per game
  • Premium Apparel Item - $25 per item