What Are The Tax Advantages Of A Charity?

Contributions to NFL’s funds are treated as gifts to a public charity and are generally tax deductible as allowed by law and subject to individual limitations. Under the Internal Revenue Code, deductions for charitable contributions are subject to certain percentage limitations that limit the deductions that can be taken to a stated percentage of adjusted gross income, or AGI, in the year the deduction is taken. There are limitations mandated by the Internal Revenue Service. Cash deductions are limited to 60% of AGI. Deductions for Securities and other depreciated assets are limited to 30% of AGI. Contributions exceeding these percentage limitations may be carried forward up to five subsequent years. There is no Capital Gains tax on gifts of appreciated assets. Your donor advised fund is not subject to estate taxes. The investments in your donor advised fund appreciate tax-free. If you are subject to alternative minimum tax (AMT), your contribution will reduce the AMT impact. Donors can deduct the full market value of closely held stock and real estate subject to the limitations above.

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Because NFL is a public charity, the applicable percentage limitations are generally the most favorable charitable deductions under IRS regulations. Additional rules or limitations may apply with respect to an individual’s tax treatment or specific circumstances. NFL encourages each prospective donor to have the terms of all proposed agreements reviewed by the donor's legal and/or financial advisors. NFL does not provide legal, tax, or financial advice. The donor is advised that it is the donor's responsibility to obtain any necessary appraisals, file appropriate tax returns, and defend against any challenges to claims of tax benefits.