The strong spirit of giving our alumni, friends, parents, and donors share with the University is what makes the Millikin community so remarkable. To those who support Millikin University with your gifts, thank you for showing our students that their success is worth your investment. We are deeply grateful for your support. To those who are considering it, we hope you will become a part of MU’s tradition of philanthropy today.
The recently passed Covid-19 stimulus bill has extended a universal $300 charitable gift deduction for individuals, and has increased the deduction to $600 for couples filing jointly.
All taxpayers can take advantage of this opportunity. Simply make a gift to Millikin of $300 per individual or $600 for couples filing jointly any time during 2021, and receive an “above-the-line” deduction on your taxes. That means you get the deduction, even if you don’t itemize.
The adjusted gross income (AGI) limit has been increased in 2020 and 2021. This means you can now deduct up to 100% of your AGI for cash contributions made in 2020 or 2021.