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| 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 Seton Keough High School with 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. Although excess deductions may be claimed over the five years after the gift is made, if you are looking for substantial immediate tax deductions you may be better served giving cash instead of property. More
To learn more about gifts of cash, Email us, complete the Information Request Form, or call us at (410) 646-4444 so that we can assist you. |
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| 1201 Caton Avenue . Baltimore, Maryland 21227 . (410) 646-4444 . (443) 573-0107 FAX Copyright ©2005 The Seton Keough High School Planned Giving Content ©2008 Virtual Giving Website Design by Chunkymoon Interactive |
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