Major Gifts   >   How to Fund a Gift

How to Fund a Gift

A Gift to the Bogart Pediatric Cancer Research Program has tangible personal benefits for you, and these benefits vary depending on what assets you use to fund your gift.

Gift of Cash

The simplest way to give. For income tax purposes, you can deduct a cash gift in the year in which you contributed it.  Your cash gifts are deductible up to 50 percent of your adjustable gross income for the taxable year, but any excess is deductible over the next five years.

Gift of Securities

If you are able to contribute long-term appreciated securities to the Bogart Pediatric Cancer Research Program, you get a two-fold income tax benefit—you can deduct the full present fair market value, and you owe no tax on the appreciation in value.

The limit on deductibility in any tax year in generally 30 percent of your adjusted gross income, but any excess is deductible over the next five years.

If you want to give us securities on which you have a loss, consider selling them instead and then donating the proceeds to us.  That way, you’ll have a loss deduction to offset any gains on sales, plus you’ll still get your charitable deduction.

Gift of Tangible Personal Property

The category includes items like an art object, a prized collection or antiques.  You can donate such property to the Bogart Pediatric Cancer Research Program and take a deduction for its fair market value if the item’s use is related to our exempt function.  If you’re unable to establish that we can use the gift property for a purpose related to our functions, you can deduct only the basic cost basis.

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A contribution of any type of asset to a charitable organization like the Bogart Pediatric Cancer Research Program is an income tax deduction. Remember, there maybe other tax benefits to your contributions as well.