AGD is an Indiana nonprofit corporation organized and operated to educate, connect and foster opportunities for current Student Athletes of Butler University to support nonprofits and make a positive impact in our community. AGD will apply for tax-exempt status under Code Section 501(c)(3) and for classification as a public charity under Code Sections 509(a)(1) and 170(b)(1)(A)(vi). While AGD believes that it is operating consistently with Code Section 501(c)(3), there is no assurance of such classification, or the deductibility for income tax purposes of contributions to AGD until receipt of a favorable determination letter from the IRS. AGD has engaged legal counsel with a history of NIL representation to assist with this application and feels confident that tax-exempt status will be awarded.
Upon receipt of a determination letter, AGD’s tax-exemption will relate back to its date of incorporation on May 9, 2022, and you will be provided with an updated substantiation letter
from the Foundation that you should discuss with your tax advisor.