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.
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