Gifts of Cash
A donation of cash is a simple and easy way for you to make a gift.
Benefits of gifts of cash
- You can make an immediate impact on our mission
- You can take a charitable income tax deduction
How to make a gift of cash
Mailing a gift of cash - You can send us a check or money order. Please let us know if you want your gift used for a specific purpose by indicating that purpose either in the memo line or in a letter to us.
More on gifts of cash
Did you know that you can mail a check at the end of the year? Your deduction is based on the postmark date. We encourage you to send a check three or four days before December 31 to be sure the Post Office places a December postmark. Even if the December postmarked envelope is not received by Southern Minnesota Initiative Foundation until after the new year, the IRS will allow you to take a deduction for this year. Thank you for your year-end gift!
Contact us
If you have any questions about gifts of cash, please contact us. We would be happy to assist you and answer any questions that you have.
IRA Charitable Rollover
An IRA rollover allows people age 70½ and older to reduce their taxable income by making a gift directly from their IRA.
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