Perhaps the most common type of gift is cash. It provides the donor with a simple, straightforward way to support Pattie A. Clay Regional Medical Center’s work. Cash gifts may be given immediately or pledged over a number of months or years. Your gift is fully deductible, up to 50% of your adjusted gross income. If your gift totals more than the 50% limit, you can carry over the excess portion for up to five tax years.
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Remember, there are always details to consider which pertain to your particular situation. Therefore, it is wise to consult your accountant or attorney for additional information and restrictions on the tax consequences of any charitable contribution.