Some of the most common ways to make a gift to Moravian Theological Seminary are to write a check, give a credit card number, or donate online.
A gift of cash could be right for you if:
- You want the easiest way to donate to Moravian Theological Seminary.
- You want the largest possible tax deduction for your gift.
- You would like to make the gift to Moravian Theological Seminary that has the greatest immediate impact.
How it works
This is the simplest way to make an outright gift. You make a gift of cash directly to Moravian Theological Seminary, and you receive an income tax deduction. Just write a check payable to Moravian Theological Seminary. You may deduct the full amount of your donation up to 50% of your adjusted gross income. You may carry forward all unused deduction for up to five additional years. Most people when asked for a gift think of the amount available to them in their checking or savings accounts. You may also make a cash gift using your credit cards.
Christine McNeil would like to make an immediate $15,000 gift to Moravian Theological Seminary. Christine could write a check for this amount and earn a charitable deduction equal to $15,000. Alternatively, Christine could make a gift using her credit card by calling us on the phone, responding to a mailing, or by donating online through our website. Gifts of checks and gifts made via credit cards are considered cash gifts.
- Christine may deduct up to 50% of her adjusted gross income for her gift of cash.
- If Christine cannot use the entire deduction in the year of gift, she may carry the balance forward for five additional years.
- Assuming she can use the entire deduction, Christine will earn an income tax charitable deduction of $15,000, which will save her $5,940 (39.6% tax).
- Christine will gain the satisfaction of making a $15,000 gift to Moravian Theological Seminary.