Tax deductions and deadlines

Boston University, under IRS law, qualifies as a charitable and tax-exempt organization. If you make a charitable gift to BU, you can take an income tax deduction.

A gift of cash can be deducted against up to 50 percent of your 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 percent your adjusted gross income. Any excess charitable tax deduction can also be deducted against up to five successive tax years.

The following calendar-year charitable-gift deadlines apply to 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 Company Brokerage account by December 31.
  • Mutual fund gifts – Must be received in our Northern Trust Company Brokerage account by December 31.
  • Checks – Envelope must be received by December 31.