There are a lot of giving buckets within the Pirate Club. NIL and Team Boneyard added more options and now there is a new society. I’m confused on how to best show my support. Where should I put my money?
At the Pirate Club, we strive to tailor each donation to align with the unique interests and passions of our donors. By understanding what matters most to you, we connect your support with the current needs of the Pirate Club and our ECU student-athletes. Our goal is to ensure that every gift you make has the maximum impact both to you and our student-athletes. Below we will walk you through a few scenarios we’ve been asked by our donors in hopes one may resonate with you. As always, please call our Pirate Club Development team at 252-737-4540, option 3 so we can talk you through any questions or concerns you may have.
Scenario 1: Big Guy gives to the Pirate Club through his company. He prefers as much of his donation as possible to be tax deductible for the company. He always purchases football season tickets in section 16. He is beginning to understand the importance of NIL, student-athlete recruitment and retention and wants his support to play a role in the Pirates’ success. How should Big Guy give money to the Pirate Club?
In order to receive his tickets, Big Guy will need to contribute to the IMPACT Fund at the Skull & Cross bones Level ($750). He will also need to purchase his football season tickets. For both of these purchases, donors are encouraged to speak with their tax advisors on the tax deductibility of these gifts. For tax deductible gifts to the Pirate Club Big Guy has two options:
1. Big Guy can join the Purple & Gold Society for a minimum of $5,000 per year over a 5-year commitment period for a total of $25,000. OR
2. Big Guy can donate a one-time gift or sign up for a monthly contribution to the Athletics Excellence Fund in any amount.
Both of these funds may be used for student-athlete recruitment and retention.
Scenario 2: Blaise wants to give using his donor-advised fund. How can he best support the Pirate Club?
Blaise has a few different options for his donor-advised fund gift. With the tax deductible nature of the gift, a donor-advised fund may not be used towards the IMPACT Fund. However Blaise can use his donor advised fund to contribute to the Athletics Excellence Fund (at any amount) or the Purple & Gold Society (at least $5,000 annually).
Scenario 3: Kent loves ECU baseball and wants to support the baseball team as much as he is able. How can Kent best support the ECU baseball program?
Aside from purchasing baseball season tickets, Kent should donate either to the Athletics Excellence Fund (at any amount) or the Purple & Gold Society (at least $5,000 annually). All monies collected in these funds may be used for student-athlete recruitment and retention for our ticketed sports.
Scenario 4: Andrew wants an ECU student-athlete to speak to his employees about perseverance for an upcoming convention. How should Andrew donate money to make this happen?
Andrew should reach out to Team Boneyard (teamboneyard.org) with a inquiry. Team Boneyard will work directly with the student-athlete and donor to establish an NIL agreement.
Scenario 5: Macy has been a loyal Pirate Fan for over 30 years. Right now, she is unable to contribute $5,000 annually. How can she support her Pirates?
In addition to purchasing season tickets, Macy should contribute to the Athletics Excellence Fund. No matter the amount ECU student-athletes will directly benefit from one-time or monthly contributions.
Scenario 6: Danielle is signed up for Team Boneyard monthly draft. Should she keep giving to Team Boneyard or switch over to AD Excellence Fund or Purple & Gold?
Until we receive more guidance on the House vs. NCAA settlement, we encourage those who are on an automatic draft to Team Boneyard to continue to do so. As we gather more information, a member of the Pirate Club staff will reach out to those individuals to determine how we can move forward with your donation. If you are interested in switching your donation immediately for tax deductibility purposes, please reach out to the Pirate Club Development team and we can assist you with the changeover.