Few gifts are as rewarding.
Contributions from the private sector support, among many other IU priorities, teaching, research, scholarships and fellowships, special equipment, guest lecturers and speakers, educational conferences, and prized acquisitions for libraries and museums. For the benefactor, in addition to the satisfaction that comes from contributing to the future through the advancement of education, there may also be significant tax and estate planning benefits. CASH Cash, checks, drafts, and money orders mailed before the end of the year will enable you, if you itemize, to take an income tax deduction for that year. A pledge to make a gift, however, may only be deducted in the year the pledge payment is made. For both gifts of cash and appreciated property, contributions in excess of the deduction limitations may be carried over and deducted in the five tax years following the gift.