The most common gifts the OSU Foundation receives are outright gifts. Most frequently they are cash, but the Foundation also welcomes gifts of securities, real property, and personal property.
All outright gifts are deductible from taxable income.
Checks and money orders should be made payable to the OSU Foundation. The ceiling on the federal income tax charitable deduction for gifts of cash is 50 percent of adjusted gross income. Any part of the gift not deductible in the year made because it exceeds the 50 percent ceiling, is deductible over the five following years until exhausted. If you mail your check to the OSU Foundation, the postmark date is considered the date of delivery. If you hand deliver the check, the date it is received by a representative of the Foundation is the delivery date.