Some of the most common ways to make a gift to The Foundation are to write a check, give a credit card number, or donate online.

gift of cash could be right for you if:

  • You want the easiest way to donate to The Foundation. 
  • You want the largest possible tax deduction for your gift.
  • You would like to make the gift to The Foundation that has the greatest immediate impact.

How it works

You make a gift of cash directly to The Foundation and you receive an income tax deduction.

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What is an outright gift of cash?
An outright gift is any gift where you make a gift to The Foundation. The most common way for donors to make an outright gift is to write a check payable to the charity.

Gift provides immediate support
Unlike some other gift arrangements, your outright gift will provide resources that The Foundation can put to immediate use. If you prefer to restrict our use of your gift in any way, please contact us so that we can be sure that we carry out your wishes.   

Cash
This is the simplest way to make an outright gift. Just write a check payable to The Foundation. You may deduct the full amount of your donation up to 60% of your adjusted gross income. You may carry forward all unused deduction for up to five additional years. Most people when asked for a gift think of the amount available to them in their checking or savings accounts. You may also make a cash gift using your credit cards.

Example

Diana Levy would like to make an immediate $15,000 gift to The Foundation. Diana could write a check for this amount and earn a charitable deduction equal to $15,000. Alternatively, Diana could make a gift using her credit card by calling us on the phone, responding to a mailing, or by donating online through our website. Gifts of checks and gifts made via credit cards are considered cash gifts.

Benefits

  • Diana may deduct up to 60% of her adjusted gross income for her gift of cash.
  • If Diana cannot use the entire deduction in the year of gift, she may carry the balance forward for five additional years. 
  • Assuming she can use the entire deduction, Diana will earn an income tax charitable deduction of $15,000, which will save her $5,550 (37% tax).
  • Diana will gain the satisfaction of making a $15,000 gift to The Foundation.