Making a Gift to My Climbing Fund
Making a gift to my climbing fund:
Thank you for considering gifting money to help with the cost of the climb. Most of the money will go to pay the climbing company’s fee ($62,000). Some of the money will be used to purchase special equipment (i.e., down suit, climbing boots). If I reach my monetary goal, I will remove this link so all donations will go to the Vasculitis Foundation.
I know this is a great deal of money, but a gift of any amount will help.
I must stress that this would be a gift from you to me; and thus, will not be a tax-deductable donation for income tax purposes. It is as if you walked up to a stranger, handed him/her $25, and walked away: a gift.
Current Internal Revenue Service (IRS) Gift Tax Annual Exclusion states: . . . you generally can give a gift valued at up to $12,000 each, to any number of people, and none of the gifts will be taxable . . . If you are married, both you and your spouse can separately give gifts valued at up to $12,000 to the same person in (the tax year) without making a taxable gift. Refer to IRS Publication 950 for complete Gifting Information.
If you decide to make a gift to my Climbing Fund, check the box below, and you will be directed to a secure Pay Pal site for the transaction.
By checking the “I understand and agree to make a gift” box, you are acknowledging that you understand that this is a gift from you to me and not a tax-deductible donation.
NOTE: If for personal or health reasons I am unable to go to Mt. Everest for this climb, all gifts to my climbing fund (that have not been used at the time it is determined I cannot go) will be donated to the Vasculitis Foundation. However, all gifts will go to pay the climbing/guiding company or purchase equipment and because many of the expenses must be paid for far in advance (i.e., permits, supplies, Sherpas, group equipment, etc…) they are non-refundable.
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