An outright gift of cash is the simplest method of giving. It is not subject to gift or estate taxes, and you can deduct the gift amount on your federal income tax return, up to 50 percent of your adjusted gross income. Should the gift total exceed the gift ceiling for one year, you can carry over the remaining deduction to succeeding tax years until it’s exhausted, or for up to five years, whichever comes first. So with careful planning, nearly every outright gift to UK can be fully deducted.

For more information about gifts of cash, please contact a development officer or Beverly Birdwhistell, Director, Donor Relations, UK Chandler Medical Center at (859) 323–1434.