In addition to supporting student success and the IUPUI causes you care about the most, making a gift to the Campus Campaign can result in tax savings that reduce the net cost of your gift.
Indiana taxpayers are allowed a credit of 50 percent of the contribution or $100 (on a single or fiduciary return) or $200 (on a jointly filed return), whichever is less. View and download a printable copy of the Schedule CC-40 form for Indiana College Credit.
A federal income tax charitable deduction may also be available. For 2021, there is a universal charitable deduction of $300 for single filers and $600 for married couples filing jointly. This tax incentive is available for cash gifts to qualified charities (but not to supporting organizations or donor advised funds). Additionally, those who itemize and make a cash gift to charity may be able to deduct up to 100% of their adjusted gross income in 2021.
Please note this is not tax or legal advice and you should consult your tax advisor for advice on your particular situation. You may view detailed IRS regulations in Charitable Contributions, Publication 526.