Gift of Cash
This is the simplest way to give, but it's a good idea to know the basic rules. You can
deduct a cash gift for income tax purposes only in the year in which you contribute it. A
pledge or promissory note is not deductible until it is paid. Your cash gifts are
deductible up to 50% of your adjusted gross income for the taxable year. Any excess is
deductible overr the next five years.
Gift of Securities
If you contribute long-term appreciated securities to United Cancer Research Society, you
get a two-fold income tax benefit: a charitable deduction for the full present fair market
value, and no tax on the appreciation. The limit on deductibility in any tax year is 30%
of your adjusted gross income; any excess is deductible over the next five years. Example:
Elizabeth contributes long-term stocks. The stocks are now worth $15,000, but they cost
her $10,000. She's entitled to a charitable deduction of $15,000. She will pay no tax on
the $5,000 appreciation.
If you want to give us securities on which you have a loss, consider selling them instead
and donating the proceeds to us. You will then have a loss deduction in addition to the
charitable deduction.
Gift of Tangible Personal Property
Maybe you'd like to contribute an art object, prized collection, or antiques. We also accept donations of useable household items including clothing, shoes, small appliances, furniture, and collectibles. If you'd like to give any of these items to United Cancer Research Society, you can generally take a tax deduction for the current value of the items. Please contact us at 1-800-443-4224 for free pick-up service arrangements available in California and Nevada.
A Deduction You Can Still Count on
If you itemize, there are tax benefits in giving to United Cancer Research Society. Most
of all, you have the satisfaction of supporting our ongoing needs. We invite you to visit
with one of our representatives about the tax benefits of gifts to United Cancer Research
Society.