Gifts of Cash Related Links
(More about Gifts of Cash)
If you want to make a gift today and maximize your charitable deduction, consider a cash gift.
You can make an outright gift or fund a life-income arrangement. Cash gifts include currency,
personal checks, money orders, credit cards and wire transfers.
What are the benefits of using cash to fund a charitable gift?
You can claim the entire amount as a charitable income-tax deduction. The IRS allows you to
claim charitable deductions for cash gifts up to 50 percent of your adjusted gross income but
only up to only 30 percent for gifts of appreciated assets.
Remember: Your gift can fund a life-income arrangement.
Life-income arrangements are charitable gifts in which you receive payments in return for a gift,
either for your lifetime or a term of years. Learn more about gifts that pay you.