OUTRIGHT GIFT OF CASH OR CHECK A QUICK AND EASY WAY TO GIVE A cash gift by check is one of the most common and easiest methods for making an outright charitable contribution. If you itemize income tax deductions on your tax return, the first tangible benefit of making a gift by cash or check is the tax deduction for the full value of your gift. The annual limitation on the use of charitable deductions claimed for gifts to public charitable organizations is 50 percent of your adjusted gross income for cash gifts. Any unused deduction can be carried over and used for up to five additional years, giving you six full years to use the deduction. The second benefit is seeing the immediate results of your generosity. Further, you are demonstrating a strong commitment to help support our students while also contributing to our success. Benefits �� Receive a current income tax deduction. �� Reduce your potential estate taxes in the future. �� Determine the exact amount of your desired support. �� Experience the joy of giving today. 5
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