Outright Giving
Immediate or current giving is usually an outright gift to the College of cash, securities, or other tangible property.
Cash gifts are tax deductible based upon the value of the gift. Any unused tax deduction may be carried forward into subsequent tax years, for up to five years. A couple of conditions should be noted. If the gift is a pledge (in writing to the College), the tax deduction may not be taken until the gift is made, so if the pledge is a multi-year pledge or crosses tax years, only that portion actually gifted within any given year may be deducted. Secondly, if the gift is part of a corporate matching program (and it is encouraged to explore whether your company has such a program), only the personal portion of the gift may be deducted by the individual.