Tax and Legal Information

Wake Forest University Tax ID number: 56-0532138

Wake Forest University IRS Letter of Determination

Wake Forest University W-9

Athletics Benefits Charts

Tax Deductibility

Wake Forest University qualifies as a “public” charitable organization and meets the requirements of Internal Revenue Code Section 501(c)(3). Charitable donations to Wake Forest are tax deductible if the donor does not receive any tangible benefits.

Gifts to Wake Forest Athletics

The IRS allows a deduction on contributions where there is no benefit to the donor. Pursuant to the Tax Cuts and Jobs Act of 2017, payments made to the University that result in receiving seating priority for athletic events in a Wake Forest stadium are not deductible as charitable contributions.

Please note that federal law prohibits use of gifts from a donor advised fund or private foundation if tangible benefits, such as priority consideration for the purchase of tickets or parking at any athletic event, are received. If you would like to support the Deacon Club and waive any benefits you would otherwise receive, please indicate this desire in correspondence included with your contribution.

For questions about the deductibility of your gift to Wake Forest Athletics we encourage you to contact your personal financial and/or tax advisor.