Tax-Deductible Contributions
The Aggie Athletic Foundation is a recognized 501(c)(3) nonprofit organization dedicated to advancing the mission of North Carolina Agricultural and Technical State University Athletics through philanthropic support of its student-athletes and programs.
Contributions to the Foundation may be tax-deductible to the extent permitted by federal and state law. In accordance with Internal Revenue Service (IRS) regulations, donors must reduce the amount of their charitable deduction by the fair market value of any benefits received in exchange for their contribution. Such benefits may include, but are not limited to:
For gifts associated with donor benefits, the Aggie Athletic Foundation will provide the applicable fair market value of those benefits for tax-reporting purposes.
Donors who choose to waive or decline all associated benefits may generally be eligible to claim the full amount of their contribution as a charitable deduction, subject to individual tax circumstances and applicable laws.
The Aggie Athletic Foundation provides written acknowledgment for all charitable contributions. When a gift is associated with donor benefits, the official receipt will clearly identify the fair market value of any goods or services received, enabling donors to determine the tax-deductible portion of their contribution in accordance with IRS guidelines.
Because tax circumstances vary by individual, donors are encouraged to consult with a qualified tax advisor or financial professional regarding the deductibility of their gift and how it applies to their specific situation.