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Gifts of Cash

  This gift is for you if...

Gifts of cash can be deducted against a larger portion of your taxable income than can gifts of appreciated property. Cash is the simplest medium for a donation, and provides us immediate benefits. Your gift can be made to us outright, or can fund one of our life income arrangements.

The IRS allows you to claim charitable deductions for gifts of cash up to 50 percent of your adjusted gross income (AGI – your total taxable income for the year). Alternately, if you use appreciated property instead of cash to make your gifts, you can claim deductions up to only 30 percent of AGI. Although excess deductions may be claimed over the five years after the gift is made, if you are looking for substantial immediate tax deductions you may be better served giving cash instead of property.

To learn more about gifts of cash, Email us, complete the Information Request form, or call us at 703-237-1970 so that we can assist you.

National Legal and Policy Center
107 Park Washington Court
Falls Church , VA 22046
703-237-1970 | Fax: 703-237-2090


   


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