When you make an outright contribution to Gonzaga University—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 us at 800-388-0881 or plannedgiving@gonzaga.edu for additional gift ideas and related benefits.
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The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.