Below is useful information that may help you and your advisors consider the tax benefits and requirements related to your giving. Please remember, though, that information provided to you by Cal State East Bay should not be construed as specific legal or tax advice. We always encourage our donors to discuss their philanthropic intentions with their financial, legal and/or tax advisors before finalizing a planned gift.
Deductions for charitable gifts to Cal State East Bay
The California State East Bay Educational Foundation qualifies as a public charitable organization and meets the requirements of Internal Revenue Code Section 501(c)(3). Gifts to Cal State East Bay are deductible at the highest limits allowed for federal income or estate tax purposes.
Its federal tax identification number is Tax ID # 94-6128893.
- Articles of Incorporation;
- Tax Determination Letter;
- Memorandum of Understanding between CSU East Bay and the Cal State East Bay Educational Foundation;
- Conflict of Interest Policy;
- Most recent form 990; and
- Audited financial statements.
Income tax deductions: A person may deduct gifts of cash (or elect to deduct only the cost basis of an appreciated asset) up to 50 percent of their adjusted gross income (AGI) in a year. Gifts of appreciated real or personal property may be deducted up to 30 percent of a person’s AGI. Excess deductions may be carried over for up to five (5) additional years.
Estate tax deductions: Testamentary gifts are deductible at 100 percent of the value of the assets donated to Cal State East Bay.