Tax Advantages of Giving

Gifts to CMU Athletics are fully deductible for federal income tax purposes, subject to the limitations placed on charitable gifts. These illustrations demonstrate potential tax savings, but please check with your financial adviser on how your gift may affect your specific tax situation.

Individual and Married Filed Jointly*

Amount of gift
$100 $500 $1000
$2500
         
Federal deduction
($25) ($125) ($250) ($625)
After tax cost of gift
$75 $375 $750

$1875

         
*Based on 25 percent tax bracket 

 

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