Gifts of Cash
A gift of cash is simplest method of giving.
It is not subject to gift or estate taxes, and you can deduct the gift amount on your federal income tax return, up to 50 percent of your adjusted gross income.
Should the gift total exceed the gift ceiling for one year, you can carry over the remaining deduction to succeeding tax years until it’s exhausted, or for up to five additional years beyond the year of the gift, whichever comes first.
With careful planning, nearly every outright cash gift you make to UCH Foundation in support of improved health care for our community can be fully deducted.
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