OUTRIGHT DONATIONS
For more information please call Robert Dennis at (212) 480-2889 extension 201

CASH
The type of gift most commonly received by Royal Oak is an outright gift of cash. If you itemize your deductions, you can deduct cash contributions in the aggregate up to 50 percent of your adjusted gross income. If you make cash donations in excess of the 50 percent limit, the excess can be carried forward for up to 5 years.

 

EXAMPLE
You are in the 36 percent tax bracket. You give $2,000 in cash to Royal Oak's Annual Fund, for which you claim a $2,000 charitable deduction. This deduction saves you $720 (0.36 x $2,000) in taxes.

 

REMITTANCE
Outright Gifts can be in the form of cash, checks
or credit card charges on Visa or MasterCard. 

Royal Oak can not accept American Express charges.

 

 


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Lapis Lazuli Cabinet