Gifts of cash provide you with the maximum allowable charitable deduction – more than gifts made using assets other than cash. The IRS allows you to claim a charitable deduction for gifts of cash up to 50% of your adjusted gross income each year.
Gifts made using checks and credit cards are considered gifts of cash and receive the same tax benefit.
Any excess deduction can be carried forward for up to 5 additional tax years if needed.
By using an asset other than cash to make a gift, you can double your benefit.
Avoid or delay capital gains if the asset has appreciated.
Receive a deduction for the full value up to 30% of adjusted gross income. Any excess deduction can be carried forward for up to 5 additional tax years if needed.
Did you know you could set aside a portion of your estate for charity while leaving the bulk to heirs? Many people decide to leave a percentage of their estate (such as 10%) to charity and the rest to family.
Or, you can provide for family and friends first, then leave the rest of your estate -- known as the "residue" -- to charity. Either of these methods can be established through a bequest in your will or living trust.
You place assets in trust for a number of years. You select the time frame.
During that period, we receive income from the trust. You select the payout percentage. You receive a gift tax deduction (note: you may owe gift taxes).
At the end of the trust, your named heirs receive the trust assets.
No additional gift or estate taxes are due when your heirs receive the trust assets. The value of the assets were “frozen” when they were originally transferred into the trust.
This arrangement may be right for you if:
You would like to pass assets to heirs in a tax-efficient manner.
The assets in question are expected to appreciate substantially over time.
Did you know you could set aside a portion of your estate for charity while leaving the bulk to heirs? Many people decide to leave a percentage of their estate (such as 10%) to charity and the rest to family.
Or, you can provide for family and friends first, then leave the rest of your estate -- known as the "residue" -- to charity. Either of these methods can be established through a bequest in your will or living trust.
Two Gifts that Give Back
In volatile markets, risk-averse donors may prefer gifts to Fordham through a charitable annuity that provides fixed payments for life. Donors more optimistic about future markets may prefer a trust with payments that depend on investment performance.
Grateful Alumnus Gives Back with Life-Income Gifts
Charles Waldron, FCRH '49, who began work at UPS in 1951 and retired as a district air manager, reminisces fondly on his days on the Rose Hill campus and explains why he chose a charitable trust and a charitable annuity to give back to Fordham.
Compare Gift Plans
Goals & Benefits
Glossary
Request Info