Greetings from Ann Arbor.
Thank you for your generous support as a donor and season ticket holder. I would like to update you on the Preferred Seat Donation program as it relates to the recently signed tax legislation. As you may be aware, one of the impacted areas of the new tax bill is the ability to deduct charitable contributions associated with the purchase of season tickets. Effective for tax years beginning on or after January 1, 2018, donations associated with the purchase of tickets will no longer be tax deductible.
The Preferred Seat Donation program will continue for all football season ticket holders and for designated areas for men’s basketball and ice hockey for the 2018-19 seasons.
Preferred Seat Donations provide the necessary resources to address academic, career development, and athletic needs of more than 900 student-athletes across all 29 varsity teams. This program is pivotal in allowing Michigan Athletics to remain one of the few self-sustaining athletic departments in the country.
If you have not yet made your Preferred Seat Donation and wish to do so again this year, you may do so at mgoblue.com/psd. You will receive a gift receipt for 80 percent of the donation amount provided it is complete by December 31, 2017. Beginning January 1, 2018, Preferred Seat Donations will no longer receive a tax receipt.
With this new legislation, we will continue to assess and communicate any future changes. Based on our already announced commitment to you, Preferred Seat Donation amounts will remain the same for the 2018-19 seasons. Additionally, football season ticket pricing will not increase for the 2018 season.
We thank you for your commitment to our student-athletes and coaches. We wish you a happy holiday season and Go Blue!