If you itemize, you can lower your income taxes simply by writing us a check. Gifts of cash made in 2020 are fully deductible up to a maximum of 100% of your adjusted gross income. For example, if your adjusted gross income for this year is $50,000, up to $50,000 of charitable gifts may be deducted this year. Any excess can generally be carried forward and deducted over as many as five subsequent years.  If you decide not to itemize for 2020, you may still deduct up to $300 of charitable cash gifts which you make to us.

This information is necessarily general in nature; you should contact your own attorney, accountant, or other qualified financial and estate planning professional regarding how it relates to your specific situation. We would be pleased to provide you with additional information – at no obligation – on how planned giving can be of benefit in your overall financial or estate plan.

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Education Foundation

Educational Foundation
P.O. Box 1430
Locust Grove, Virginia 22508

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