Replies: 20
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TigerNet HOFer [134629]
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You now will get Iptay points for donating to the
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Nov 26, 2024, 10:28 AM
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110 Society
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All-Time Great [90869]
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Thats a hard sell, at least for me.
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Nov 26, 2024, 10:32 AM
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It's going to be difficult to get me to give money to "student athletes" who are making more money than I do. The reward? Get nebulous points that will supposedly assist me to get better seats, that I already have to give a chit ton of money to get the right to buy?
That doesn't math out for me.
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Tiger Spirit [9972]
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But what if I told you that your money ALSO goes to pay for the $1.1 mil that
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Nov 26, 2024, 11:02 AM
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Porkchop is bringing home this season?
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All-Time Great [90869]
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Wait...is that supposed to make the choice to give money even more difficult?
Nov 26, 2024, 11:21 AM
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SUCCESS!
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Clemson Icon [27558]
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Re: Thats a hard sell, at least for me.
Nov 26, 2024, 11:29 AM
[ in reply to Thats a hard sell, at least for me. ] |
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Supposed to help us get the players so that we can have a better football team.
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Orange Immortal [65126]
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Clemson Conqueror [12026]
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IPTAY points = not tax deductable?
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Nov 26, 2024, 10:49 AM
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???
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Orange Immortal [66820]
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I think they cut that off a few years back.***
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Nov 26, 2024, 10:57 AM
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Orange Immortal [64229]
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the IRS did that, not Clemson***
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Nov 26, 2024, 10:58 AM
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Ultimate Clemson Legend [103805]
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Almost nothing is tax deductible for most people since they changed
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Nov 26, 2024, 11:19 AM
[ in reply to IPTAY points = not tax deductable? ] |
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the tax deductible amounts in 2018.
Married Filing jointly:
TAX YEAR 2017 - $12,700 2018 - $24,000 2019 - $24,400 2020 - $24,800 2021 - $25,100 2022 - $25,900 2023 - $27,700 2024 - $29,200
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Ultimate Clemson Legend [103805]
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Re: I mean standard deduction amounts***
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Nov 26, 2024, 11:20 AM
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All-Time Great [90869]
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Thats about the same time I started owing 5 figures of taxes every April
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Nov 26, 2024, 11:22 AM
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I hope we don't get any more tax cuts. I can't afford those.
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Clemson Conqueror [12026]
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Yeah. you're right.
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Nov 26, 2024, 11:23 AM
[ in reply to Almost nothing is tax deductible for most people since they changed ] |
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I was just recalling getting a 501c number for the campaigns (maybe not 110 Society, but others) and then getting a letter from IPTAY saying - basically "talk to an accountant to see if you can do anything with this"
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Clemson Conqueror [12026]
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Let me clarify. We donated a large sum to an 'athletics adjacent"
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Nov 26, 2024, 11:58 AM
[ in reply to IPTAY points = not tax deductable? ] |
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fund a few years ago. I went through the Clemson Giving page, not IPTAY. I divided up $$ amongst a bunch of different funds, including this one. I wasn't expecting it to count to IPTAY, but when football ticket renewal time came around and I checked my account, I noticed that they had counted the amount I donated to my 'total giving'.
Then, about 2 months later, I got a letter from IPTAY basically saying it may NOT be tax deductible.
We had long since filed and used the 501c number that they gave us. So I am prepared to argue that I hadn't received any benefits from IPTAY because of my donation (because the extra priority points that I got for that donation didn't impact my tickets or parking) in case it comes back on me.
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Orange Phenom [14372]
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Re: You now will get Iptay points for donating to the
Nov 26, 2024, 11:00 AM
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from what I hear (haven't read email) you will get points, but won't bump up your giving category
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Heisman Winner [80950]
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IPTAY points are great
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Nov 26, 2024, 11:03 AM
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they are the Shrute-bucks of Clemson
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Ultimate Clemson Legend [108960]
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I read that email just now. Struck a sad note with me.
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Nov 26, 2024, 11:32 AM
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I'm thinking this is the last year for IPTAY and season tix. It's not so much the money as it is the principle of the deal. My support is for student athletes. Not NIL slush funds for recruiting. There's a reason I've never been a fan of pro sports. And that reason is trickling down to college now. I can't imagine how Dabo (or any coach) is going to keep kids humble.
The email fwiw.......................
An Update From Clemson Dear IPTAY Members, Thank you for supporting IPTAY and Clemson Athletics. You continue to be the foundation of our department, and we are incredibly grateful for your passion and steadfast encouragement for all 600 student-athletes. The landscape of college athletics is undergoing a significant transformation, and I want to share with all of you how Clemson Athletics is navigating these changes while upholding our unwavering commitment to competitive excellence and our core mission of providing a world-class student-athlete experience. We recognize the role that we play on our campus and in our community and with integrity we are taking decisive action to best position ourselves for long-term success. Let me be clear: there is no one “solve” for the transition to the future structure of college athletics. It will take multiple approaches and continued alignment throughout our University, and we believe Clemson is well-positioned to excel in this new paradigm. You may have heard the term “House case” thrown around in recent months. While the FAQs provide additional detail, in short, the House vs. NCAA proposed settlement opens the door for change by: (1) Removing scholarship limits in favor of roster limits (2) Allowing institutions to provide a national-standard revenue share to student-athletes (3) Requiring third-party NIL deals to be legitimate and for fair market value
Read The Full FAQ Here
Eliminating the cap on scholarships within the new roster limit model will enable us to invest further in our student-athletes across all of our programs. We plan to add 150 new full scholarships across all sports, reinforcing our commitment to providing educational opportunities for our talented student-athletes. These additional scholarships come with a cost and will require increased fundraising efforts, and your continued support is crucial. Revenue sharing is a monumental shift, and Clemson is All In. We intend to share the maximum allowable amount of revenue with our student-athletes, up to approximately $20.5 million in 2025-26. This cap is outlined in the House settlement and is the same for all schools nationally. These payments will supplement student-athlete scholarships. In order to effectively manage this process, we are establishing a centralized "Front Office" to oversee contract details, compliance, and allocation strategy. As we build out our staff for this new unit, we have retained expertise with professional sports backgrounds and negotiation skillsets. We are excited about the potential of regulated commercial name, image and likeness (NIL) opportunities for our student-athletes. We have created an in-house agency by partnering with Everett Sports Marketing (ESM) to provide expert guidance to our staff and student-athletes, and to connect our students with businesses seeking brand ambassadors. This partnership, along with the previously announced Clemson Ventures, will empower our student-athletes to maximize their NIL potential. The settlement’s call for new oversight of legitimate “fair market value” deals is a necessary piece of the future state. As a leadership group, we are looking at every possible opportunity to generate revenue while we evaluate expenses to be good stewards of the support we receive. We are pursuing new revenue streams via Clemson Ventures, including hosting special events, unlocking new partnership categories, and further developing original content, while seeking to better capture our media value in the marketplace. In addition, the recently implemented student fee reflects the institution’s commitment to a healthy and vibrant varsity athletic program and an investment in the student experience. IPTAY’s support has long been central to the Athletic Department’s success and role in creating the number-one student experience. It is important for us to recognize needs where and when they arise, as we’ve done for the past 90 years. The proposed settlement has provided guidance and interpretation, while also helping us lay out a roadmap until it goes into effect, once approved. There are, however, two distinct phases of the transformation – the phase where we are currently, and the post-House implementation (July 1, 2025). We are currently in a transitional state, which falls at a critical time from a roster management perspective for our programs. About two years ago, NCAA rules and State legislation paved the way for “collectives” to exist and thrive, and connecting interested donors has been a critical part of our strategy for the past two years. These collectives - at Clemson, the 110 Society - provide meaningful NIL opportunities to student-athletes. Healthy collectives have been an important piece of the college sports landscape in recent years, and will continue to play a role, particularly until June 30, 2025. With this in mind, all contributions to the 110 Society made between July 1, 2024 and June 30, 2025 will be eligible to earn IPTAY Priority Points. More information on how this will work will be communicated in the near future, and this is a significant step. Additionally, an anonymous donor has pledged an initial $3 million contribution to emphasize the IPTAY and 110 Society points program. This incredible generosity is emblematic of the way so many of you have stepped up. Over the next seven months, before revenue sharing and NIL rules are implemented to stabilize the landscape, it is critical we fully support the efforts of the 110 Society. Your engagement with this organization continues to resonate as our programs look to strive for competitive excellence, and do so in a compliant manner. Make no mistake - we’re approaching this new landscape competitively - but we’re doing it in a way that holds true to our core principles. Clemson Athletics remains steadfast in its mission to provide a world-class education and a first-class student-athlete experience. We are confident that, with your support, we will continue to thrive and compete at the highest level. Thank you for your unwavering dedication to Clemson Athletics. Your partnership is invaluable as we shape the future of our programs. Go Tigers! Sincerely, Graham Neff Director of Athletics
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Orange Immortal [66820]
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TBF, at one time giving scholarships was scandalous. IPTAY was NIL basically.***
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Nov 26, 2024, 11:39 AM
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Clemson Conqueror [12026]
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You're welcome!
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Nov 26, 2024, 12:00 PM
[ in reply to I read that email just now. Struck a sad note with me. ] |
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"Additionally, an anonymous donor has pledged an initial $3 million contribution to emphasize the IPTAY and 110 Society points program. This incredible generosity is emblematic of the way so many of you have stepped up."
heh
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Clemson Conqueror [12026]
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I wondered if this would ever be the case. It was definitely difficult to
Nov 26, 2024, 12:09 PM
[ in reply to I read that email just now. Struck a sad note with me. ] |
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decide which trash can to put my "throw away" money in every year. I go into the year with a fixed amount that I'm willing to spend on athletics/athletic events. I like the idea of being able to give to NIL, and even direct $$ to athletes in the non revenue generating sports (if you will), but I'd had to potentially sacrifice my parking spot if I shifted too much of the pot to NIL. Now, I'd get a little benefit from it, I guess.
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Valley Legend [12279]
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Please let me give $$$ to kids that make more than me, I am all in***
Nov 26, 2024, 12:24 PM
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Replies: 20
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