How does it work?

Gifts of cash provide you with the maximum allowable charitable deduction – more than gifts made using assets other than cash.  The IRS allows you to claim a charitable deduction for gifts of cash up to 50% of your adjusted gross income each year.

Gifts made using checks and credit cards are considered gifts of cash and receive the same tax benefit.





The material presented on this web site is not offered as legal or tax advice. Please review calculations of tax benefits with planned giving staff to ensure that they reflect current interest rates and other assumptions. And, seek the counsel of your tax advisor, attorney and/or financial planner to review tax calculations and ensure that a contemplated gift is appropriate for your situation.