Frequently Asked Questions: Trustee Benefit Concert for Scholarships
History
For more than 40 years, Dominican University’s Trustee Benefit Concert has showcased world-class performing artists while raising scholarship funds that go immediately to work for our students. Nearly 97% of current undergraduates receive some form of financial assistance to attend Dominican. The Trustee Benefit is so much more than a stellar performance – it funds countless opportunities and changes students' lives.
About Dominican University
Dominican University is uniquely positioned to provide students with the strong foundation and individualized support that they need to achieve success. Proudly values-based and relationship-centered, Dominican prioritized raising scholarship funds for our students every year. Such financial support is critical to helping them achieve their goals.
When and where will the Trustee Benefit Concert for Scholarships take place?
Saturday, May 13, 2023
5:00 p.m.
Concert, Lund Auditorium
Dominican University
7900 W. Division
River Forest, IL 60305
Event Timeline
4:00 p.m.
- Pre-concert reception and check-in (please pick up your concert tickets here)
- All guests please check in at the Donna M. Carroll Learning Commons, Rebecca Crown Library
5:00 p.m.
- Concert begins, Dominican University Performing Arts Center
7:00 p.m.
- Reception, Dining and Social Halls
Is there a dress code?
Attire for the evening is cocktail attire.
Where do we park and how much is parking?
Parking on campus is free. View the campus map (pdf). We suggest sponsorship attendees park in the parking garage and enter through Lewis Hall.
How can I become a sponsor for this year’s event and receive the VIP treatment?
Please check out our sponsorship opportunities and related benefits at dom.edu/benefit.
For what purpose does the Trustee Benefit Concert for Scholarships raise money?
The Benefit raises needed scholarship support for Dominican University’s students. Since its inception, the Benefit has raised more than $8 million for the university’s scholarship fund.
How can I support the event if I cannot attend?
If you are unable to attend the concert and reception, you can still support our organization by donating. Each donation supports scholarships at Dominican. A donation at any level is appreciated and makes a difference in the lives of our students. Please visit dom.edu/benefit or call (708) 524-6284.
Can I use my Donor Advised Fund or Family Foundation to pay for a Benefit Sponsorship or ticket?
As a donor, you have the option of directing gifts to a charitable organization through a donor-advised fund. Your contribution to qualifying DAFs (often held at community foundations) is treated by the Internal Revenue Service (IRS) as a charitable contribution at the time that it’s made. You then gain the flexibility of advising the DAF when and to which charitable organizations you’d like to make a gift.
IRS regulations prohibit the donor, donor advisor, or the donor’s family member from receiving any benefit in excess of an incidental one as a result of a DAF distribution. A donor’s receipt of a benefit that is more than incidental (referred to as an ‘impermissible benefit”), may result in problems for the entity maintaining the DAF (e.g., loss of tax-exempt status) and/or the donor and/or family member (e.g., significant excise taxes). It could also put the charitable organization to which the gift was given at risk of losing future funding from the DAF.
A ticket or table purchase to an event may be considered an impermissible benefit resulting from a DAF distribution as it is viewed as a quid pro quo for the DAF distribution, conferring a more than incidental benefit on the donor and/or family member. Guidelines published by several DAFs prohibit the donor from using the DAF distribution to cover the deductible portion of an event ticket or table price and use other (non-DAF) funds to cover the non-deductible portion. Such guidelines also specify that a donor may not contribute to the charitable organization through a DAF and, in connection with that DAF donation, receive complimentary admittance to an event.
If a donor also wishes to purchase a ticket or table to a charitable event and receive the corresponding benefits, a separate non-DAF gift may be made for a ticket purchase.