PENN Medical Alumni Planned Giving

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Gifts of Cash
(Gift example*)

For charitable gifts of cash, the I.R.S. 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, you may carry then 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 215-898-9486 so that we can assist you through every step of the process.

PENN Medicine
Christine S. Ewan, J.D.
Director, Planned Giving
3535 Market Street, Suite 750
Philadelphia, PA 19104-3309
215-898-9486 | Fax: 215-573-2186
E-mail: cewan@upenn.edu

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