Gifts of Cash

The majority of gifts to Spelman College are made in the form of cash, usually by personal check. Federal income tax savings significantly reduce the cost of your gift, if you itemize deductions. Your charitable gift may also be deductible on your state income tax return.

Your actual tax savings will depend upon the tax rates in effect at the time of your contribution. For example, if you are in the 28 percent federal tax bracket and a 7 percent state income tax bracket, you will realize an after-tax savings of about $300 for each $1,000 gift.

Checks should be made payable to Spelman College and mailed to:

Spelman College
Office of Institutional Advancement
Box 1303
350 Spelman Lane, S.W.
Atlanta, GA 30314

A cash gift entitles you to a federal income tax deduction of up to 50 percent of your adjusted gross income. When your charitable cash gifts exceed 50 percent of your adjusted gross income in any one year, you may carry over the excess contributions for as many as five additional years.

For a smart, simple, and secure way to make cash gifts to Spelman College, use our Electronic Funds Transfer option.