How much of your donation receipt can be used in any one year?
The maximum donation receipt amount usable in any year is 75% of your net income. The exception to this general rule is during the final year of your life when the limit is 100% for that year plus 100% for the preceding year. Included among the gifts for which a donation receipt will be issued for the final year of life are any charitable bequests, gifts of retirement plan assets, and life insurance proceeds that are payable upon your death.
"Since giving a donation to Wycliffe, my wife and I have...received a number of letters from the recipients of our gift, thanking us and describing how it affected their ministry. Receiving those letters made us realize that we are part of what Wycliffe is doing: bringing the Word to the lost in every corner of the world."
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