Cash
A gift of cash is the most common and easiest way to make a gift to the Jekyll Island Foundation. Cash gifts are usable immediately by the charitable recipient for the purpose(s) you specify, and the impact of cash is always direct and significant. Meaningful gifts of any size can be made using cash.
The typical donor:
Has liquid assets that allow him or her to make a cash gift.
Desires to benefit the charitable cause.
Wants to see the effect of the gift in his or her lifetime.
Wants to make a gift with a minimal amount of complexity.
Is aware of the benefits of contributing highly appreciated property.
Gifts features and benefits:
Immediate income tax deduction for outright gifts of cash.
Gift is usable now by the charity.
How To Make a Gift of Cash
Cash gifts can be made in several ways, including cash itself, credit cards, checks, money orders, or wire transfers. You may make a cash gift by mail, through this site, or in person at the Jekyll Island Foundation office.
How Do I Make a Gift of Cash Using Gift Planning Tools?
Cash can also be used to fund life-income gifts such as charitable remainder trusts . In larger estates, cash may be added to other assets to fund a charitable lead trust. A gift bequest made through a revocable trust or will provides another alternative in making a gift of cash to the Church or one of its institutions. Virtually all gift tools can be used in conjunction with cash.
Other Facts You Should Know about a Gift of Cash
An outright gift of cash provides you with an immediate income tax deduction in the amount of your gift. Gifts of cash made in conjunction with gift planning tools provide an income tax deduction based on the gift element of the particular plan you choose. For example, your deduction for a charitable remainder trust is based on the present value of the remainder interest to the charity.