December 12, 2018
Greetings from Ann Arbor!!
Thank you for your continued support of Michigan Athletics as a football season ticket holder and donor. Your support played a critical role in a fantastic 10 win season and #7 ranking. We’re looking forward to seeing many of you in Atlanta for the Chick-fil-A Peach Bowl on December 29th and cheering on this fine group of student-athletes one more time.
In addition to your support on gameday, your financial commitment to our 900 student-athletes across 29 programs provides nearly 20 percent of our annual operating budget, providing resources to our student-athletes such as scholarships, academic services, and access to the top of the line facilities.
At the close of 2017, federal tax law was passed impacting the Preferred Seat Donation program. As we communicated back in December of 2017, one of the changes from this bill (Tax Cuts and Jobs Act) was ending the ability to deduct 80 percent of charitable contributions attached to the purchase of season tickets or in our case specifically, the Preferred Seat Donation program. In light of the new legislation, the program will continue as it has in years past and will now be referred to as a Preferred Seat Contribution.
You may now login and pay your 2019 football Preferred Seat Contribution by the deadline of January 31, 2019 at mgoblue.com/psc. New, beginning in 2019, PSC renewals for Men’s Basketball and Ice Hockey will now take place later this spring and will be due by May 31. Donors who make their football Preferred Seat Contribution(s) by the deadline will be able to renew their season tickets beginning March 16.
When you login, you will notice that PSC’s have increased slightly from 2018. The increase ranges from 2.5 to 5.5 percent depending upon seat location. Season tickets will also be increasing for 2019 by approximately five percent. Please know that Michigan Athletics is committed to keeping PSC’s and season tickets at this level for both 2019 and 2020.
These increases have been made in an effort to maintain our status as a leader in college athletics by supporting our student-athletes in the most comprehensive ways and continuing our tradition of financial stability.
As a department we are responsible for paying all costs associated with the athletics scholarships, which will total more than $27 million in 2018/19. Michigan is proud to be one of just a handful of financially self-sustaining departments in the country. We do not draw funds from the University’s general fund or from the state of Michigan. This level of stability would not be possible without the success of the PSC program.
The impact of your investment through the PSC is wide ranging and will continue to be the cornerstone upon which the success of our student-athletes rests by providing the resources to produce champions on and off of the fields of play.
Thank you in advance for your continued investment in the success of Michigan Athletics. Wishing you a Happy Holiday and a fantastic 2019.