Frequently Asked Questions

What tax deduction will donors receive for their gifts?

Your tax benefits will depend on several factors, including the type of gift, and whether it is outright or deferred or has any income payments. In general, here are some guidelines:

  • Outright gifts generate a charitable deduction generally based on their fair market value.
  • Bequests do not generate current income tax deductions.
  • Similarly, life insurance distributions are not tax deductible. If you have made the Foundation the irrevocable owner and beneficiary of a policy during your lifetime, however, you may deduct annual gifts that offset premium payments.
  • The charitable deduction for a gift that returns income to you, such as a charitable remainder trust, is based on the fair market value of the gift asset minus the present value of the income interest you retain.

Because many Planned Gifts involve complex instruments and tax issues, the Clinton Foundation advises donors to consult with their own legal and/or financial advisors before making a Planned Gift to the Foundation.

What gift plans provide donors with income?

You have the option of making a gift that provides income to you, your spouse or other individuals, such as a charitable remainder unitrust or annuity trust.

Will the Foundation determine the value of gifts of tangible personal property for a donor’s income tax deduction?

No, this is the donor’s responsibility and the IRS has strict guidelines on assessing value and securing an appraisal.

Will the Foundation continue to solicit contributions from donors who create a Planned Gift?

Your Planned Gift is a significant addition to our long-term financial stability and our ability to meet the challenges and opportunities the future will bring. However, our ongoing efforts are supported through annual gifts, and we appreciate and encourage any annual support you may consider.

Is the Clinton Foundation a tax-exempt organization?

The Bill, Hillary & Chelsea Clinton Foundation is a non-profit 501(c)(3) tax-exempt organization.

What is the Federal tax identification number for the Bill, Hillary & Chelsea Clinton Foundation?

The federal tax identification number is 31-1580204.

Will the Clinton Foundation serve as executor for an estate?

The Clinton Foundation will not serve as executor for any estate due to potential conflict of interest issues.

How can a donor notify the Clinton Foundation about a Planned Gift?

Please let us know by calling 646.775.9179 or writing to plannedgiving@clintonfoundation.org.