| Our Services | Foundation | Cash
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Gifts of cash are the most common form of contribution to support Raritan Bay Healthcare Foundation. A cash gift is easy to do and is not subject to gift or estate taxation. A contribution postmarked in December is deductible for that tax year even if Raritan Bay Healthcare receives it in January as long as the account against which the check was written had sufficient funds to cover it in December.
Gifts of cash are fully deductible up to 50% of your adjusted gross income (AGI). If such a gift is large enough to exceed 50% of your AGI in the year of the gift, the remaining amount of the gift may be carried over and used as a deduction for up to 50% of your AGI until the gift amount is exhausted or up to five years, whichever comes first. The gift amount is removed from your estate.
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