Gifts of cash have always been the most basic and important source of support for Scouting. They are easy and popular, and offer a tax deduction equal to thefull value of the gift.
The net cost of a gift decreases for donors in the higher tax brackets (assuming they can itemize their deductions).
- Gifts of cash are deductible up to 50% of your adjusted gross income each year. Unused deductions may be carried over and used for five years after the gift is made
- These gifts are considered made on the date it is hand delivered or mailed. So, a year-end gift mailed in December is deductible that year, even if not received by the council until January.
- Income producing interests, such as oil and gas or mineral interests, mortgage income, or copyrights, may also be contributed to produce a continuing source of cash for Scouting.