Government tax incentives can reduce out-of-pocket costs for your charitable gifts and may even allow you to contribute much more than you originally envisioned. We encourage donors to the Catholic Community Foundation to take full advantage of the tax benefits of charitable giving.
GIVING CASH: You may deduct the full amount of your gift in the gifting year up to 50% of your adjusted gross income (AGI). If your gift exceeds 50% of your AGI, you can carry any excess deduction forward and deduct up to the 50% limit in the five-year period after the year of contribution.
GIVING APPRECIATED SECURITIES: Gifts of long-term appreciated securities (i.e., securities that you have owned for more than one year) are deductible for the full fair market value on the date of the gift. You do not pay capital gains taxes on the appreciated portion of your gift.
You may deduct the full amount of your gift in the gifting year up to 30% of your adjusted gross income (AGI). If your gift exceeds 30% of your AGI, you can carry any excess deduction forward and deduct up to the 30% limit in the five-year period after the year of contribution.
For more information or questions - Contact Us.
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