The University of Denver’s Daniels College of Business qualifies as a “public” charitable organization and meets the requirements of Internal Revenue Code Section 501(c)(3). Gifts to Daniels are deductible at the highest limits allowed for federal income or estate tax purposes.
Income Tax deductions
You may deduct gifts of cash (or elect to deduct only the cost basis of an appreciated asset) up to 50% of your adjusted gross income in a year. Gifts of appreciated assets may be deducted up to 30% of your adjusted gross income. Excess deductions may be carried over for up to five additional years.
Estate Tax Deductions
Testamentary gifts are deductible at 100% of the value of the assets donated to Daniels.
The Internal Revenue Service web page on Contributions (Topic 506) includes links to IRS Publication 526 (Charitable Contributions), IRS Publication 561 (Determining the Value of Donated Property) and IRS Form 8283-Noncash Charitable Contributions (.pdf format). Other helpful forms and publications can be found throughout the IRS website.