Some of the most common ways to make a gift to Quinnipiac University 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 QU.
- You want the largest possible income tax charitable deduction for your gift.
- You would like to make the gift to QU that has the greatest immediate impact.
How it works
You make a gift of cash directly to QU and you receive an immediate income tax charitable deduction.How Your Gift Helps
Your generosity is critical to sustaining the Quinnipiac tradition and legacy for decades to come. We depend on you because …
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| The costs to run and maintain a major university are significant. So, while it may seem like student tuition should be sufficient, the fact is that we need private support in order to bolster and secure the Quinnipiac legacy for the future. | While applications for admission are at an all-time high, many prospective students will not have the resources to fund their education at a private and prominent school like Quinnipiac. This is where student scholarships become critical, ensuring that the university can accommodate a diverse, engaged, high-potential student population. | Your gifts allow Quinnipiac University to respond quickly to need, and each year thousands of donors invest in the university in numerous, varied ways that help the school grow, thrive and plan for the future. |
What is an outright gift of cash?
An outright gift of cash is when you transfer funds to Quinnipiac University 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 Quinnipiac University.
Gift provides immediate support
Unlike some other gift arrangements, your outright gift will provide resources that QU 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 Quinnipiac University and mailing it to us. You may also make a cash gift using your credit card.
Example
Christy Frank would like to make an immediate $15,000 gift to Quinnipiac University. Christy could write a check for this amount and earn a charitable deduction equal to $15,000. Alternatively, Christy 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
- Christy may deduct up to 50% of her adjusted gross income for her gift of cash, providing tax savings if she itemizes.
- If Christy 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 Christy itemizes deductions and can use her entire income tax charitable deduction of $15,000, she will save her $5,550 (37% tax).
- Christy will gain the satisfaction of making a $15,000 gift to QU.