As of June 6, 2018, there was a policy change for USABA members regarding the individual Athlete Development Account (ADA) Program. Due to advisement from our auditors, USABA is no longer able to provide Athlete Development Account service to our members.
June 6, 2018 – As a result of USABA’s most recent external audit and subsequent Board of Director’s approval, immediately USABA will cease providing tax deductions for donations made to individual members.
The tax law summarized in IRS Publication 526 states that “Contributions to individuals who are needy or worthy. You can’t deduct these contributions even if you make them to a qualified organization for the benefit of a specific person. But you can deduct a contribution to a qualified organization that helps needy or worthy individuals if you don’t indicate that your contribution is for a specific person.” The interpretation of this summarization is that donors cannot deduct contributions made for the benefit of specific individuals.
As a result of this policy change, USABA is taking the following actions to terminate the ADA program:
We apologize for any inconvenience this causes and appreciate your understanding of this required change. We sincerely appreciate your membership and continued support of USABA. As an alternative to your USABA Athlete Development Account, there are several online fundraising tools such as Go Fund Me that can assist in your fundraising efforts. If you have any questions, please contact Kevin Brousard at email@example.com or 719-866-3019.
If you have an Athlete Development Account, you can still access your personal page here. Reimbursements must still follow ADA Guidelines and Policies and be submitted with a completed ADA Reimbursement Request Form.