On May 13-14, Babson alumni, parents, student-athletes, friends, and fans came together to support our athletics programs with passion and pride during the Barefoot Athletics Challenge. With more than 1,000 donors and $130,000 raised—we have seen once again that Babson truly has the greatest fans, even under the most challenging circumstances. While this year’s challenge has concluded, there's still time to get in the game and support your favorite team.
This year, your gift will honor our 86 graduating student-athletes and strengthen our athletics program for current and future Babson athletes.
No matter which team you support, when we play as a team, we’re tough to beat.
2020 Barefoot Athletics Challenge Perks
New Tax Benefits When You Give to Babson
Donors can give to Babson with the benefit of the new Coronavirus Aid, Relief, and Economic Security (CARES) Act—which provides temporary charitable giving incentives.
- A gift to Babson in 2020 allows you to deduct up to $300 if you take a standard deduction (non-itemizing taxpayers).
- For those making significant cash donations (even from investments), there is a temporary suspension of adjusted gross income (AGI) limitations, allowing donors to deduct cash gifts up to 100% of your AGI in 2020 (as opposed to the current 60% of AGI). In addition, the deduction limit for corporations has been raised from 10% to 25% of taxable income.
- If you are over 70½, consider directing some of your tax savings gained by the waived 2020 mandatory IRA distribution to Babson.
* These provisions do not apply to gifts to donor-advised funds and supporting organizations. Please consult with your tax advisor.