Research Report Composition of Tax-Deductible Charitable Contributions
Joseph Rosenberg
Display Date
Download Report
(75.88 KB)

Taxpayers who elect to itemize can claim a deduction against federal income tax liability for contributions made to registered charitable organizations. While cash gifts still account for the vast majority of charitable donations reported on tax returns, gifts of noncash property have grown as a share of total contributions. Gifts of corporate stock, mutual funds, and other investments account for the largest share of noncash donations and are almost exclusively reported by high-income taxpayers.
Research Areas Nonprofits and philanthropy Taxes and budgets
Policy Centers Center on Nonprofits and Philanthropy Urban-Brookings Tax Policy Center