Humboldt State University

Gift & Estate Planning

Cash

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One of the most common ways to make a gift to Humboldt State University is to write a check, give a credit card number, or donate online.

gift of cash could be right for you if:

  • You want the easiest way to donate to Humboldt. 
  • You want the largest possible tax deduction for your gift.
  • You would like to make a gift to Humboldt that has the greatest immediate impact.

How it works

You make a gift of cash directly to Humboldt and you receive an income tax deduction.

How Your Gift Helps

Your gift will help Humboldt continue the academic principles that represent attributes of an academically integrated university, and provide a framework for accomplishing our collective vision and mission. This includes: 

Providing the best possible education for today’s world
Learning that occurs both inside and outside the classroom
Intellectual growth through scholarship, creative activities and research

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What is an outright gift of cash?
An outright gift is any gift where you make a gift to Humboldt State University.  The most common way for donors to make an outright gift is to write a check payable to the charity.

Gift provides immediate support
Unlike some other gift arrangements, your outright gift will provide resources that Humboldt 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 carry out your wishes.   

Cash
This is the simplest way to make an outright gift. Just write a check payable to Humboldt State University. You may deduct the full amount of your donation up to 50% of your adjust gross income. You may carry forward all unused deduction for up to five additional years. Most people when asked for a gift think of the amount available to them in their checking or savings accounts.  You may also make a cash gift using your credit cards.

Example

Stan McNeil would like to make an immediate $15000 gift to Humboldt State University. Stan could write a check for this amount and earn a charitable deduction equal to $15000. Alternatively, Stan could make a gift using his credit card by calling us on the phone, responding to a mailing, or by donating online through our website. Gifts of checks and made via credit cards are considered cash gifts.

Benefits

  • Stan's gift of cash is deductible up to 50% of his adjusted gross income.
  • If Stan cannot use the entire deduction in the year of gift, he may carry the balance forward for five additional years. 
  • Assuming he can use the entire deduction, Stan will earn an income tax charitable deduction of $15000, which will save him $5,940 (39.6% tax).
  • Stan will gain the satisfaction of making a $15000 gift to Humboldt.