Tax credits available for Memorial Union renovation donors
If the prospect of helping create a fresh new look for Emporia State University’s Memorial Union isn’t sufficient stimulus for potential donors, now there’s another incentive, thanks to actions approved by the Kansas Board of Regents.
The Regents approved an $865,000 allocation for ESU as part of the Postsecondary Educational Institution Long-Term Infrastructure Maintenance Program approved by the Kansas Legislature in 2007. Because of that action, ESU is able to offer tax credits that may be applied to several areas of the project, including the Admissions Office, admissions reception atrium, Office of International Education and the Career Services office.
“We are delighted to be able to provide a significant tax advantage to prospective donors to the Memorial Union renovation,” said Dr. Michael R. Lane, ESU president. “If we are able to raise sufficient funds to use the entire credit, we may be able to reduce the final year of the student fee for this project.”
The first full-scale renovation of the Memorial Union in 20 years, the project moved forward once students voted to increase fees to contribute $18.5 million to the cost. The $2.5 million balance is being covered by private donors.
Prospective donors can receive more information by contacting Suzanne Walter, ESU Foundation development officer, at 620-341-6480.