| Methods
of Giving to the John Purdue Club
Not
only does the Club feature many different membership
levels and benefits, but it also offers an array of giving opportunities:
Annual
Gifts
Annual
gifts may be made in the form of cash, check, credit card, stock,
and possibly equipment or supplies. Appreciated stock is particularly
beneficial. Members receive a renewal notice in the mail each
year.
Matching
Gifts
Matching gifts
allow you to double or triple your contribution to the John Purdue
Club. More than 1,000 companies offer matching gift programs.
Please call the John Purdue Club office, check with your employer,
or visit the University Development Office's matching
gift site to find out whether your company matches gifts.
Planned
Gifts
The
John Purdue Club also encourages members to consider deferred
gifts, such as will provisions and trusts, which provide lasting
support for Boilermaker Athletics. Visit the University
Development Office Planned Giving web site for more information
on planned giving.
Life
Memberships
You
can become a John Purdue Club lifetime member at the Captain ($14,000),
MVP ($25,000), All-American ($60,000), Olympian ($175,000), and
Champion ($350,000) levels. For the Captain, MVP, and All-American levels, contributions are
to be made within 12 months. Life Olympian and Life Champion memberships
may be paid over a three-year period and five-year period, respectively.
All memberships, including life memberships, are transferable
only to the surviving spouse. For more information on the Life
Champion level, see the next section, "Endowed Scholarships."
Endowed
Scholarships
Members
at the Life Champion level leave a lasting impression on Purdue
Athletics by permanently endowing an athletic scholarship. Purdue
invests the $350,000 contribution and uses a portion of the annual
interest to fund the scholarship. Members may contribute the $350,000
over a four-year period and may designate the sport that their
endowment will support.
Gift
Designation
Because
gifts to the John Purdue Club fund athletic scholarships for all
18 varsity sports, we strongly encourage unrestricted gifts. If,
however, you wish your gift to go to a particular athletic program
or purpose, indicate your wishes on your membership application
and we will gladly comply.
Tax
Information
All
gifts to the John Purdue Club are considered gifts to Purdue and
are credited at full value in the donor's giving record to the
University.
While
gifts are tax deductible, the John Purdue Club will calculate
the fair-market value of the benefits accompanying each level
of giving. Each year, you will receive a description of your benefits
and their value. Your tax deduction should be reduced by the value
of these benefits.
For
those who lease premium seating
or suites in Ross-Ade Stadium, 80 percent of annual payments
(less the value received) is also tax deductible. Details on this
deduction are sent to premium seat holders.
According
to the Internal Revenue Service, a contribution associated with
the privilege of purchasing season tickets is deductible as a
charitable contribution at 80 percent of the adjusted gift. The
first $200 of your annual contribution places you in the John
Purdue Club and gives you priority over the general public. Members
also may choose to decline all benefits offered.
A
special note for Indiana taxpayers: You are eligible for a 50
percent income tax credit for gifts up to $400 on joint returns
or $200 on individual returns.
Please
see your tax advisor for more information about the tax implications
of your donation.
Yes,
I would like more information about these giving opportunities!
E-mail
or call the John Purdue Club office at (765) 494-3248 or 1-800-213-2239.
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