Some of the most common ways to make a gift to Amherst College are to write a check, give a credit card number, or donate online.
A gift of cash could be right for you if:
- You want the easiest way to donate to Amherst.
- You want the largest possible tax deduction for your gift.
- You would like to make the gift to Amherst that has the greatest immediate impact.
How it works
You make a gift of cash directly to Amherst and you receive an income tax deduction. Information on how to make a cash gift to Amherst can be found on the annual fund website, or you can make your gift online.
What is an outright gift of cash?
An outright gift is any gift where you make a gift to Amherst College. The most common way for donors to make an outright gift is to write a check payable to Trustees of Amherst College.
Gift provides immediate support
Unlike some other gift arrangements, your outright gift will provide resources that Amherst can put to immediate use. If you prefer to restrict the College's use of your gift in any way, please contact us so that we can be sure that Amherst can carry out your wishes.
This is the simplest way to make an outright gift. Just write a check payable to Trustees of Amherst College. You may deduct the full amount of your donation up to 50% of your adjusted 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.
Susan would like to make an immediate $15,000 gift to Amherst College. Susan could write a check for this amount and earn a charitable deduction equal to $15,000. Alternatively, Susan could make a gift using her credit card by donating online through our website. Gifts of checks and gifts made via credit cards are considered cash gifts. Information on how to make a cash gift to Amherst can be found on the annual fund website.
- Susan may deduct up to 50% of her adjusted gross income for her gift of cash.
- If Susan cannot use the entire deduction in the year of gift, she may carry the balance forward for five additional years.
- Assuming she can use the entire deduction, Susan will earn an income tax charitable deduction of $15,000, which will save her $5,940 (39.6% tax).
- Susan will have the satisfaction of making a $15,000 gift to Amherst.