Health Sciences Development
Michael L. Dolsak
216.368.1110 - Office
Alumni Relations and Development
Senior Director, Development
Director of Development
Many Donations are Tax Deductible
The type of tax savings you receive will depend on the nature of the gift as well as other financial factors. It is best to consult with your attorney or accountant regarding your individual situation, however here are a few examples of the ways donors can save.
- Standard income tax deduction equal to the value of the gift (depending on income level).
- Avoidance of capital gains when gifting appreciated securities and other property.
- Reduction or elimination of federal estate tax or estate processing costs.
- Guaranteed income through certain types of charitable trusts.