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.

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

*Current estimates for game tickets, parking, food and beverage services (where applicable), game programs and amenities benefits. Values subject to change. It may be possible to deduct values received as a business expense. Please consult your tax advisor to learn how the IRS charitable contribution tax guidelines (IRC Section 170 (l)) impact your specific situation.