If the charitable deduction exceeds 50% of your adjusted gross income, you can carry the excess forward for up to five years.
One Donor's Story
The Donor
An 88-year-old Pennsylvania woman wanted to anonymously provide permanent support to her church and local fire department.Her Gift
- A gift of $10,000 created a permanent fund.
- The donor received a $10,000 charitable deduction.
- Annual grants go to the charities she recommended.
Upon her death, the donor's name will be revealed to the charities according to her wishes.
