A gift of cash is the simplest of all gifts to make and provides Bates with the greatest and most immediate support. Most donors make outright gifts by writing a check, but outright gifts of other kinds of assets are certainly possible.
A gift of cash could be right for you if:
- You want the easiest way to donate to Bates.
- You want the largest possible income tax charitable deduction for your gift.
- You would like to make the gift to Bates that has the greatest immediate impact.
Gift Provides Immediate Support
Unlike some other gift arrangements, your outright gift will provide resources Bates can put to immediate use. If you prefer to restrict our use of your gift in any way, please contact us so that we can be sure that we can carry out your wishes.
Maximum Tax Savings
You may deduct the full amount of your donation, subject to IRS limitations. You may carry forward any unused deduction for up to five additional years.
Ways to Give Cash
Most donors make an outright gift by writing a check payable to Bates and mailing it to us. You may also make a cash gift using your credit card.
Consult with Your Advisors
We encourage you to speak with your financial and tax advisors before making a gift. The IRS offers tax incentives for charitable giving, enabling you to support a cause you value while potentially reducing your tax burden.
Thank you for considering a generous gift to help sustain Bates College.
Find Best Asset
Our easy-to-use Find Best Asset quiz guides you step-by-step to identify your ideal asset for making a gift, based on your unique situation. Simply answer a few quick questions, and you'll get a personalized recommendation to make your gift with the asset that best meets your goals, whether cash, appreciated securities, or a qualified charitable distribution (QCD) from your IRA.
