Counting the Benefits of Giving Cash

When you make an outright contribution to Gustavus Adolphus College—a donation you immediately impart—we both benefit. Your generosity enables us to meet our most urgent needs and carry out our mission on a daily basis. Your benefits include:
  • The ability to choose how your gift is used.
  • The opportunity to see the results of your generosity.
  • An immediate charitable deduction on your income taxes.
Breaking Down the Tax Benefits
The federal income tax deduction encourages the support of nonprofit institutions by reducing the out-of-pocket cost of your philanthropy. For gifts of cash, the deduction would be up to 50 percent of your adjusted gross income. If your gift exceeds the ceiling, the excess deduction can be carried over and deducted for up to five additional years.

An outright gift promises many benefits. We?d be happy to discuss this further with you. Please contact Jackie Peterson at 507-933-7543 or jpeters9@gustavus.edu for additional gift ideas and related benefits.