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Why UW-Eau Claire needs your support |
| The simplest and most frequently used method of providing outright support for UW-Eau Claire is a cash gift — whether currency, personal check, credit card authorization, money order or bank draft — to the UW-Eau Claire Foundation. You may benefit from such gifts, too. Charitable deductions on your federal income taxes may allow you to reduce the out-of-pocket cost of your gift (see example below). To make a cash gift to the UW-Eau Claire Foundation, go to the Foundation's giving page and select the giving option that is best for you. Benefits of cash gifts Example: You may choose to make a cash gift of $1,000. If you are in the 39.6 percent tax bracket (the top federal bracket), you may be able to reduce the federal income tax you pay by $396 ($1,000 times 39.6 percent). This means your net out-of-pocket cost for contributing $1,000 is only $604. If you itemize deductions on your federal tax return, an outright gift of cash can be claimed as a charitable contribution up to an amount equal to 50 percent of your adjusted gross income. Any deduction not usable in the first year can be carried over for up to five additional years or until it is completely used, whichever is first.
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