Towering Titan Organization Tax Disclosure Statement 2026-2027 season
If your contribution to Westminster College Athletics is $50 or more, this entitles you to receive benefits as a member of the Towering Titan Organization (TTO). Tax laws and regulations require Westminster College to provide you with the following written disclosure statement.
The amount of your contribution that is deductible for federal income tax purposes is limited to the excess of money (or in some but not all cases the fair market value of contributions other than money) you contribute to Westminster College Athletics over and above the value of goods or services made available to you from your membership to the Towering Titan Organization in connection with your contribution. In exchange for your contribution, you may have received, or been entitled to receive, one or more of the following benefits, which have the following estimated fair market values (FMV):
- One Towering Titan Window Cling, $2 (cost not FMV)
- One Towering Titan Travel Tumbler, $7 (cost not FMV)
- Choice of Football or Basketball Benefits
- Football Option
- One Towering Titan Football Season Pass (includes five home games) $50 value
- One Towering Titan VIP Football Tent Access (includes food and beverages) $100 value
- Basketball Option
- One Towering Titan Basketball Season Pass with preferred gym seating
- Full season: 13 home games, $130
- Half season (for memberships beginning January 15, 2027): Six home games, $60
- One Exclusive Pre-Game Basketball Event (includes food and beverages – if not a season ticket holder, one basketball ticket, $10), $13
- One Members-Only Item of Towering Titan Apparel, $25
- One Buzz Ridl Golf Outing Foursome, $740
- Exclusive Invitations – (TTO membership level dependent) Celebration of Philanthropy, Game Day Experience, Football Stadium Dewer VIP Suite Access, Team Travel Experience, VIP seating at WESPYs
In computing your charitable deduction for contributions to Westminster College Athletics, you should subtract the value of any benefits you received, or had the right to receive, according to the benefits schedule set forth above, from the total amount you contributed.
Westminster College Athletics welcomes grants from private foundations and donor advised funds. However, federal law may impose significant penalties on donors and fund administrators for grants from a private foundation or a donor advised fund (DAF) if a benefit is provided to an individual in exchange for the grant.
You should also be aware that Towering Titan Organization benefits for qualified charitable distributions (QCDs) directly from IRAs may disqualify the distributions from preferred tax treatment. Please consult your tax advisor(s) for specific information about the tax implications of Towering Titan Organization benefits. For additional information please visit athletics.westminster.edu and click on donate or contact the Institutional Advancement at 724-946-6995, development@westminster.edu. All TTO members are encouraged to consult with their tax advisors.
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