Tax and Other Benefits

Federal Income Tax Savings

All charitable gifts made to Anderson University are eligible for federal tax savings at the rate of your income tax bracket. For example, friends in the 28% tax bracket who make a $200 gift to AU, can receive a federal tax deduction of $56. This would mean Anderson University would receive $200 for a cost to you of $144.

The charts below indicate the federal tax savings. (Note that Indiana residents are eligible for additional savings. See the paragraphs and chart regarding the Indiana State Tax Credit, in the next section below.)

$100 Gift to Anderson University Tax Rate   Your Gift to AU   Federal Savings   Cost of Gift to Donor 15% $100 $15 $85 25% $100 $25 $75 28% $100 $28 $72 33% $100 $33 $67 35% $100 $35 $65

$200 Gift to Anderson University Tax Rate   Your Gift to AU   Federal Savings   Cost of Gift to Donor 15% $200 $30 $170 25% $200 $50 $150 28% $200 $56 $144 33% $200 $66 $134 35% $200 $70 $130

$400 Gift to Anderson University Tax Rate   Your Gift to AU   Federal Savings   Cost of Gift to Donor 15% $400 $60 $340 25% $400 $100 $300 28% $400 $112 $288 33% $400 $132 $268 35% $400 $140 $260

The Indiana State Tax Credit - A Special Opportunity for Indiana Residents

In addition to receiving the Federal Tax Savings, residents of Indiana have the added bonus of being able to receive a special tax credit for their gifts to Anderson University.

The State of Indiana offers a special tax credit to taxpayers who support accredited Indiana colleges and universities. When you make a gift to Anderson University, 50% of the amount of your gift comes back to you in the form of savings on your Indiana State Income Tax - up to a maximum savings of $200 for couples and $100 for singles.

If you itemize for federal income tax purposes, you will save even more. In fact, your after tax cost for a gift to Anderson University could be as little as 10.4 cents for each dollar given. The charts below show examples of tax savings.

$200 Gift by Single Taxpayer Tax Rate   Your Gift to AU   Indiana Tax Savings   Federal Savings   Cost of Gift to Donor 15% $200 $100 $30 $70 25% $200 $100 $50 $50 28% $200 $100 $56 $44 33% $200 $100 $66 $34 35% $200 $100 $70 $30

$400 Gift by Married Couples Filing Jointly Tax Rate   Your Gift to AU   Indiana Tax Savings   Federal Savings   Cost of Gift to Donor 15% $400 $200 $60 $140 25% $400 $200 $100 $100 28% $400 $200 $112 $88 33% $400 $200 $132 $68 35% $400 $200 $140 $60

$500 Gift by Married Couples Filing Jointly Tax Rate   Your Gift to AU   Indiana Tax Savings   Federal Savings   Cost of Gift to Donor 15% $500 $200 $75 $225 25% $500 $200 $125 $175 28% $500 $200 $140 $160 33% $500 $200 $165 $135 35% $500 $200 $175 $125

$1000 Gift by Married Couples Filing Jointly Tax Rate   Your Gift to AU   Indiana Tax Savings   Federal Savings   Cost of Gift to Donor 15% $1000 $200 $150 $650 25% $1000 $200 $250 $550 28% $1000 $200 $280 $520 33% $1000 $200 $330 $470 35% $1000 $200 $350 $450

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