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Gifts of Cash | Gifts of Property | Planned Giving
Gifts of Cash
Cash contributions paid by check or credit card are the choice of many donors to The Blood and Tissue Center of Central Texas. If you itemize charitable contributions on your federal income tax return, your tax savings could be such that your gift costs you less than The Center receives. Each year you may deduct cash gifts totaling 50% of your adjusted gross income, and any excess deduction can be carried forward for up to five years. Depending on your marginal tax rate, your federal tax savings could equal from 15% to 39.6% of your contribution.
Example: Jane Doe, who is in the 36% tax bracket, writes a check for $2,000 to The Blood and Tissue Center. Because her deduction saves her $720 in taxes, the net cost of her $2000 gift is only $1,280.
Memorial/Honorarium Gifts
Making a memorial or honorary gift to The Blood and Tissue Center of Central Texas is a wonderful way to memorialize or honor someone special. At your direction, we will let the family or honoree know of your thoughtfulness without revealing the amount of your contribution.
Matching Gifts
We encourage you to investigate your companies' policies on Matching Gifts. If your company does indeed match its employees' contributions, please designate so on the contribution form for online contributions as well as mail in contributions.
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