Check Gifts Q&A

Are there benefits to using checks instead of securities to fund a charitable gift?

Yes. It’s a simple and easy way to give. Plus, if you itemize on your tax return, you can claim charitable deductions for check gifts up to 60 percent of your contribution base, which generally is equal to your adjusted gross income. This is compared to only 30 percent for most gifts of appreciated securities.

The actual savings depends upon your tax bracket - the higher the tax bracket, the higher the deduction.

For instructions on how to make a gift to The Dayton Foundation, click here.

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