How do I become a member of the Scarlet Society?
To become a member of the Scarlet Society, a donor would need to make a commitment totaling one of the giving levels. This pledge can be paid over a five-year period. This gift would go towards a capital project, an endowment, or an unrestricted gift that would be used at the discretion of the Vice Chancellor for Intercollegiate Athletics.
How do my per-seat donations and annual ticket contributions factor into the Scarlet Society?
Contributions made to the annual fund (for tickets and parking) are separate from any contributions made to the Scarlet Society.
Gifts made to the Scarlet Society are above and beyond ticket-related donations and therefore come with their own set of benefits.
What is the timeline for a donor to make their gift/pledge?
Donors can make a gift/pledge at anytime. At the start of the fiscal year (July), donors with gifts/pledges that qualify to be in the society will be notified of their benefits.
If I make a one-time gift and do not sign a pledge agreement, at which level will I be recognized?
One-time gifts count at the level that is the total of their gift, not the same level if it were pledged over five years. For example - a one-time gift of $25,000, is recognized at the $25,000 level, not at $125,000 ($25,000 pledge per year over five years).
Is my gift/pledge considered to be tax-deductible?
Yes! Gifts made to the Scarlet Society are eligible for tax-deductibility. Tax deduction may be reduced by the fair market value of benefits received.
Donors may decline the right to receive benefits at the time of the deduction. Please consult with a tax professional to determine the tax-ÂÂdeductible eligibility of your contribution.
How are bonus priority points calculated?
A donor will receive priority points for the total of their commitment once documentation has been signed. For example, a pledge of $25,000 will have all priority points added to the donor’s account up front.
Would gift-in-kind count towards my commitment to join the society?
Yes, any GIK donation can be applied, as long as it is tied to a specific major gift initiative and/or project.
