Tax Advantages

There are substantial tax benefits associated with leasing premium seating. The annual financial commitment to lease these opportunities contains both a taxable portion (for the cost of goods and services provided, amenities such as game tickets, parking, catering, etc.) and a tax-deductible charitable gift. According to current IRS regulations, after the taxable portion is subtracted from each annual commitment, 80% of the remaining portion is a tax-deductible charitable gift. The value of goods/services received will be calculated annually and provided by the University of Illinois. Consult your tax advisor to learn how the IRS guidelines relate to your specific situation.

Premium Seating Luxury Suite Courtside Seats
(1st Row)
Courtside Seats
(2nd Row)
Loge Seats Traditions Club Traditions Club Concourse Level Legacy Club
No. of Seats 14 2 2 4 2 2 2
Lease Term 15 years 12 years 12 years 10 years 10 years 10 years 5 years
Annual Lease $65,000 $20,000 $10,000 $13,000 $5,000 $4,000 $3,000
Less Value Received* $15,000 $2,000 $2,000 $4,000 $1,300 $1,200 $1,200
Net Donation $50,000 $18,000 $8,000 $9,000 $3,700 $2,800 $1,800
Charitable Deduction Rate 80% 80% 80% 80% 80% 80% 80%
Annual Premium Charitable Contribution $40,000 $14,400 $6,400 $7,200 $2,960 $2,240 $1,440

* Prices reflect annual commitments due each year by June 1. After establishing a campaign gift commitment, the first annual lease payment is due June 1, 2015. Prices will increase every commitment year by 2.5%. Discounts for prepayment of entire contract term are available. An annual I FUND commitment is required of all Founders Suite patrons for the life of their contract. By maintaining an I FUND account, Founders Suite patrons will have the opportunity to purchase special single-game tickets and receive an I FUND season parking pass. Single-game tickets and the I FUND parking pass are allocated based on I FUND club level and priority point totals. The minimum required I FUND membership for the Founders Suite is the Loyalty Circle level.