Planned Giving
Gifts of Cash
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. If you want the maximum effect from your deduction, using cash for your gift may be your best strategy.
A gift of cash is for you if...
- You are considering an outright gift made during your lifetime.
- You want a charitable deduction to offset the largest possible amount of your taxable income.
- You have few appreciated, low-cost-basis securities or other assets to contribute.
- You enjoy surplus cash flow after meeting your expenses.
- You would like a charitable deduction today but wish to retain an income stream too.
To learn more about gifts of cash, email us, complete the Information Request Form, or call us at 888.252.6363 so that we can assist you.
*BJU does not qualify as a 501(c)(3) tax-exempt organization, and gifts to it may not be deducted for federal income, gift, or estate tax purposes. The BJU M&G, MSF, HAF, DNSF, S&E Endowment Fund, and GFA are all 501(c)(3) tax-exempt organizations, and gifts to these organizations may be deducted for federal income, gift, or estate tax purposes. All gifts above marked by an asterisk can be established only for the BJU M&G, MSF, HAF, DNSF, S&E Endowment Fund, or GFA, but not for BJU.
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