A gift of cash entitles you to the most generous federal income tax deduction available for charitable contributions. You may deduct up to 50% of your adjusted gross income for gifts of cash and may carry any amount over that figure forward for up to five additional years. Checks should be made payable to “Department of Orthopaedics & Rehabilitation” and mailed to:
Office of Development
Yale School of Medicine
Attn: Emily Corvino
New Haven, CT 06519-0611
A gift of appreciated securities that you have held for more than one year is frequently the most economic way to give. You will be eligible to take a federal income tax deduction equal to the fair market value of the stock on the date of the gift for up to 30% of your adjusted gross income and will not have to recognize the appreciation as capital gain.