Cash

Some of the most common ways to make a gift to Benedictine Foundation are to write a check, make a gift using a credit card, or donate online.

A gift of cash could be right for you if:

You want the easiest way to donate to Benedictine Foundation.
You want the largest possible income tax charitable deduction for your gift.
You would like to make the gift to Benedictine Foundation that has the greatest immediate impact.

How it works
You make a gift of cash directly to Benedictine Foundation and you receive an immediate income tax charitable deduction.

Resources

Find the best gift for you »

Ordinary People = Extraordinary Generosity

With a planned gift to Benedictine Foundation, you can create or expand your life’s legacy in several ways.


You enhance our residents' quality of life by bringing special touches that make our communities feel like home.	You provide cutting-edge tools like MyndVR, a virtual reality system that connects older adults with the world beyond their walls.	You help develop creative rehabilitation and recreation programs that inspire residents to stay active and thrive.

Show more details

What is an outright gift of cash?
An outright gift of cash is when you transfer funds to Benedictine Foundation and get nothing of financial value in return. The most common way for donors to make an outright gift is to write a check payable to Benedictine Foundation.

Gift provides immediate support
Unlike some other gift arrangements, your outright gift will provide resources that Benedictine Foundation 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 up to 50% of your adjusted gross income, providing tax savings if you itemize. You may carry forward all of your unused deduction for up to five additional years.

Ways to give cash
Most donors make an outright gift by writing a check payable to Benedictine Foundation and mailing it to us. You may also make a cash gift using your credit card.

Example

Dora Mccoy would like to make an immediate $15,000 gift to Benedictine Foundation. Dora could write a check for this amount and earn a charitable deduction equal to $15,000. Alternatively, Dora 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.

Benefits

Dora may deduct up to 50% of her adjusted gross income for her gift of cash, providing tax savings if she itemizes.
If Dora itemizes deductions but cannot use the entire deduction in the year of gift, she may carry the balance forward for up to five additional years.
Assuming Dora itemizes deductions and can use her entire income tax charitable deduction of $15,000, she will save her $5,550 (37% tax).
Dora will gain the satisfaction of making a $15,000 gift to Benedictine Foundation.

Cash

Resources

Ordinary People = Extraordinary Generosity

Example

Get in Touch

Get Your Guide