Old Black & Gold is not a 501c3 tax exempt entity. As such, contributions to Old Black & Gold are not tax deductible as a charitable donation. A company may partner with Old Black & Gold to promote its business, including promotion from Wofford student-athletes. Under these circumstances a business may be able to deduct their payment as a business expense. Of course, a business seeking a tax deduction for such payment should consult with its tax advisor prior to taking any such deduction. Nothing in this communication is intended to constitute legal or tax advice.