Planned Giving

	Home
	Donor Stories
	Step 1: EXPLORE
	Giving Wisely
	Legacy Planner
	Compare Gift Plans
	Goals & Benefits
	Giving Wisely
	Calculate Your Benefits
	Step 2: RESEARCH
	Gift Plans »
	Assets You Can Give »
	Resources »
	Personal Financial Calculators
	Step 3: REQUEST
	Contact Us
	Request Information

	« KBF Home

Gift Plans Bequest Charitable Bargain Sale Charitable Gift Annuity Charitable Lead Trust Deferred Gift Annuity Donor Advised Fund Remainder Annuity Trust Remainder Unitrust Retained Life Estate Testamentary Life-Income

Assets You Can Give Appreciated Securities Business Interests Cash Life Insurance Lifetime Gifts of Insurance Gift-Replacement Life Insurance Partnership Interests Real Estate Retirement Plans

Resources Attorney Information Frequent Questions Glossary Tip of the Day

Related Links

·	Gift illustration
·	Complete gift description
·	Is this gift for you?
·	Gift example

Back

Gifts of Cash
(Gift example*)

For charitable gifts of cash, the IRS allows you to claim up to 50% of your adjusted gross income ("AGI"). However, for charitable gifts of appreciated assets, you may deduct up to only 30% of AGI in any one year. The good news is that with both types of gifts if you cannot use all of the deduction in any one year, then you may carry over any remainder for the next five years. We have illustrated this below.

Gift of:	Cash	Appreciated Assets
Donor's AGI	$300,000	$300,000
Amount of gift	$200,000	$200,000
Total charitable deduction	$200,000	$200,000
Deductible against % of AGI	50%	30%
Deduction in first year	$150,000	$90,000
Net taxable income, first year	$150,000	$210,000
Net tax in first year @35% rate	$52,500	$73,500
Carryover deduction	$50,000	$110,000
*This example is based on income tax rates that can change yearly. Contact our office for a personal illustration based on the latest rates.

For more information

Email us, complete the personal illustration form, or call us at so that we can assist you through every step of the process.

Kentucky Baptist Foundation
Attn: Laurie Valentine
P.O. Box 436389
Louisville, KY 40253-6389
502-489-3533 | Fax: 502-489-3564 | Toll Free: 1-866-489-3533 (Kentucky Only) E-mail: laurie.valentine@kybaptist.org