The Elon Calendar has a fair market value of $1.25 that should be deducted from the value of your gift. If your gift is greater than or equal to $55.00 the full amount of your gift can be considered tax-deductible. If your gift supports athletics the value of any benefit(s) you may receive in relation to your membership in the Phoenix Club should also reduce the total gift value. If you have questions about the deductibility of your gift, please consult your tax advisor.