Tax Deductions and Deadlines

Boston University, under IRS law, qualifies as a charitable and tax-exempt organization. If an individual makes a charitable gift to Boston University, that gift enables the donor to take an income tax deduction.

A gift of cash can be deducted against up to 50% of the donor’s adjusted gross income with any excess deducted against up to five successive tax years. A gift of appreciated assets can be deducted against up to 30% of the donor’s adjusted gross income. Any excess charitable tax deduction can also be deducted against up to five successive tax years.

Calendar year charitable gift deadlines for donors filing U.S. federal tax returns:

  • Credit Card Gifts
 must be charged to your account by 11:59 pm (EST), December 31.
  • Stock Gifts must be received in our Northern Trust House Brokerage account by December 31.
  • Mutual Fund Gifts must be received in our Northern Trust House Brokerage account by December 31.
  • Checks must be received by December 31.