In addition to the federal estate tax of 40 percent (which is fourth highest in the OECD), many U.S. states levy their own estate and inheritance taxes. Estate taxes are charged against the estate regardless of who...
- FAQ’s About Donations
FAQ’s About Donations
- How much of my donation will go towards Tax Foundation’s programs?
- How does the Tax Foundation remain accountable to its donors?
- Are donations to the Tax Foundation tax deductible?
- What is the Tax Foundation’s tax identification number?
- Which credit cards do you accept?
- May I make a gift to the Tax Foundation by check?
- May I establish a recurring contribution deducted from my credit card or checking account?
- May I give a gift of securities (stocks or bonds)?
- Does the Tax Foundation accept matching gifts?
- May I establish a gift annuity through the Tax Foundation?
- May I provide for the Tax Foundation through my will or estate?
- May I designate my gift to a certain program or scholar?
- How can I establish an endowment at the Tax Foundation?
- May I donate through the Combined Federal Campaign?
65 percent of Tax Foundation’s operating expenses directly support our important work in researching, analyzing and educating others on sound tax policy. A large percentage of the rest goes towards printing costs, rent and other general support needs. Educating lawmakers, taxpayers, the courts and legal community - as well as the media - remains at the crux of our mission, and, though our original motto “Towards better government through citizen understanding” no longer graces our publications, it continues to influence every decision at the Tax Foundation.
Several mechanisms ensure the Tax Foundation remains faithful to its supporters.
- Independent audits
The Tax Foundation is audited each year by independent auditors. The auditor’s report is distributed to the Tax Foundation Board of Directors for review. Our audited financial statements and IRS form 990 are available in pdf form on` our website or upon request. Donors who have made designated or endowment gifts also receive regular reports on how these funds have been used.
- Honoring donor intent
We believe that we have an obligation to respect your philanthropic intent as a donor and that we are strictly accountable to you. To that end, we pledge always to respect your philanthropic intent. To ensure our supporters can remain confident in our commitment to promoting sound tax policy as an independent organization: our Board of Directors has amended our By-laws to ensure the Tax Foundation remains true to its purpose.
- Keeping our donors informed
All Tax Foundation donors may sign up for weekly e-mail updates to stay informed about the major issues of the day and the Tax Foundation’s impact on the debate. To sign up, fill out the form at the top right corner of this page. In addition, all donors contributing $100 or more annually automatically receive reports about our work through our quarterly newsletter Tax Watch.
Yes. The Tax Foundation is a 501(c)(3) charitable organization, and contributions are tax-deductible for income, gift, and estate taxes.
4. What is the Tax Foundation’s tax identification number?
The Tax Foundation accepts Visa, MasterCard, American Express and Discover. Credit card contributions can be made by using our secure online form or by calling Lexxie Monahan at (202)-464-5109.
Certainly. Checks should be made payable to “Tax Foundation” and mailed to our offices at:
1325 G St NW, Suite 950
Washington, DC 20005
You may choose to contribute to the Tax Foundation automatically each month or on a quarterly schedule through an electronic funds transfer—in which your contribution is electronically debited from your checking account—or through a charge to your credit card. These funds are deposited directly into the Tax Foundation’s operating fund, to be put to work immediately.
Establish a recurring gift on your credit card online and join the Tax Foundation Leader’s Club.
To establish a recurring contribution from your checking account, please call Lexxie Monahan at (202)-464-5109.
Transferring securities held long term to the Tax Foundation allows you to make a gift and receive a charitable deduction equal to the full, fair market value of the securities. You pay no capital gains on your gift and neither does Tax Foundation.
The best method of transferring these assets to the Tax Foundation is to contact your broker and electronically transfer the stock from your account to Tax Foundation’s account. Avoid selling the assets and then making a gift of the proceeds, because this will trigger a capital gains liability for you.
In order for Tax Foundation to acknowledge your gift and provide you with an IRS receipt, please take the following steps:
- Call the Vice President of Development, Michael Vogler at (202) 464-5106 and let us know that you would like to make a gift of stock.
- Provide your name, your phone number, the name of the stock you are giving and the number of shares (e.g. 20 shares of Microsoft)
- Call your broker with the information below and ask your broker to contact our accountant, Chris Krukewitt at (202) 464-5117.
Yes. You can often double the gift through your employer's matching gift program funds.
Many corporations agree to match the personal charitable donations of their employees with an equal or greater corporate contribution. Businesses also often match the charitable donations made by spouses or those who retired from the company. At no additional cost to you, your contribution can work twice as hard to help the Tax Foundation continue to support sound tax policy.
How it works
To initiate a matching gift, complete your company’s matching gift form and send it along with your gift to the Tax Foundation. Tax Foundation will complete the form, certifying that it has received your gift and that the Tax Foundation is eligible to receive matching gifts under your company’s guidelines. We then forward the form to your company. After verifying the eligibility of both the donor and the Tax Foundation, the company sends a check to the Tax Foundation.
Each corporate matching program has its own rules. You should check with your employer’s personnel department to see if your gift qualifies for a corporate match. Visit Tax Foundation’s matching gifts page for a list of corporations that regularly match employee gifts.
By establishing a charitable gift annuity with the Tax Foundation, you’ll receive annual income for life at higher rates than available through most CDs and savings accounts.
The income you receive is based on the gift amount and your date of birth (designed for persons of retirement age). You receive dependable income for life and a tax deduction reducing your income taxes. And, your gift will help make the Tax Foundation even stronger in our fight to support sound tax policy.
For more information and to see a personal summary of benefits, please call our Vice president of Development, Michael Vogler, at (202) 464-5106.
Yes. We would be honored!
The Tax Foundation Legacy Society is a special group of Tax Foundation supporters who have made provisions for the Tax Foundation through their estate plans. Gifts to the Tax Foundation through your will are totally free of estate tax.
A bequest to the Tax Foundation can be a gift of a specific dollar amount, a specific piece of property, a percentage of an estate, or all or part of the residue of an estate. You can also name the Tax Foundation as a contingent beneficiary if someone named in your will is no longer living at the time of your passing. A bequest to the Tax Foundation is easy to arrange and can be made by including the following words in your will:
I give, devise, and bequeath to The Tax Foundation, 529 14th St, NE, Suite 420, Washington, DC 20045 (insert amount of money, percentage of estate, or describe property) to be used for its educational purposes.
Any type of cash, securities, personal property or real estate can be given through a bequest. The Tax Foundation can also be named beneficiary of assets which often pass outside a will, such as IRAs, pension plans, life insurance, or assets held in a trust.
For more information about the Tax Foundation Legacy Society and bequests or other planned gifts including charitable gift annuities and charitable trusts, please contact Whitney Everley at firstname.lastname@example.org at (202) 464-5110.
Yes. While most individuals support our work through general support, you may also designate your gift to be used to support the work of a specific program or scholar at the Tax Foundation.
There are a number of options and the Tax Foundation’s development professionals are available to work with you and your advisors to find a particular program or center that you are enthusiastic about. For example a tax attorney may wish to support the Tax Foundation's Legal Reform Center. An educator may wish to support our Internship Program. Your inquiries will remain confidential. Please call Tax Foundation’s Vice President of Development, Michael Vogler at (202) 464-5106 (direct line).
You may endow a specific issue, program or fellow in any issue area covered by the Tax Foundation. For more information on establishing an endowment, please contact our Vice President of Development, Michael Vogler at (202) 464-5106 (direct line).
Join the Tax Foundation's fight for sound tax policy Go