Charitable Income
Tax Deduction Table

The percentages of contribution value indicated above apply to U.S. individual taxpayers contributing property to a Trust in 2023, and reflect applicable federal guidelines for determining the deductibility of contributions to a pooled income fund prior to completion of the fund’s third tax year. Ages of individual income beneficiaries are based on their nearest birthday as of the date of contribution. Deduction percentages shown above for multiple individual income beneficiaries assume they are the same age. Where not the same age, the allowable deduction is based primarily on the age of the youngest beneficiary and increases (toward the single beneficiary deduction percentage) as the age differential widens and the number of individual income beneficiaries is reduced. The itemized federal income tax deduction available to individual taxpayers in the tax year of contribution for qualified charitable gifts to public charities is generally limited to not more than 60% of the taxpayer’s “contribution base” (essentially, federal adjusted gross income, hereafter referred to as AGI) for cash contributions, 50% of the donor’s AGI for gifts of appreciated property for which the Donor elects to base the charitable deduction on the fair market value of the property less the amount of the property’s appreciation from cost or other tax basis, and 30% of the Donor’s AGI for other gifts of appreciated property, with the balance carried forward for up to five years after the year the contribution is made. In addition to the federal income tax deduction for qualified gifts to charity, a number of states and local jurisdictions that tax individual income also permit resident individual taxpayers to deduct or receive a tax credit for qualified gifts to charity, subject to certain limitations. See “Tax Considerations – Charitable Income Tax Deductions” in the Trusts’ current Information Statements (Information Statements) for additional information.

For each contribution to a Trust, the Trust’s Administrator will provide the Donor with a written acknowledgement of the contribution that will include a provisional calculation of the charitable remainder portion of the Donor’s contribution for purposes of determining the Donor’s federal income tax deduction. Each Donor is responsible for reviewing and confirming the calculation with his or her own tax advisors.

This table is provided for illustrative purposes only and is not intended to provide, and should not be construed as providing, legal or tax advice. Each prospective Donor to a Trust should consult his or her own tax advisors with respect to the federal, state, local, and non-U.S. tax implications of a contribution to a Trust.