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THE UNIVERSITY OF CHICAGO FOUNDATION LIMITEDMaking a gift to
Chicago Booth from
Bulgaria has never
been easier. The University of Chicago Foundation is a registered charity
in the United Kingdom.
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What is making a gift to?
Making a gift to refers to giving a present or transferring money or property to another individual.
Who is required to file making a gift to?
Individuals who give gifts exceeding a certain amount (currently $15,000 per year per recipient) are required to file a gift tax return.
How to fill out making a gift to?
To fill out making a gift to, individuals need to complete a gift tax return form (Form 709) and report any gifts that exceed the annual exclusion amount.
What is the purpose of making a gift to?
The purpose of making a gift to is to ensure that gifts over a certain threshold are reported to the IRS for tax purposes.
What information must be reported on making a gift to?
The information that must be reported on making a gift to includes the value of the gift, the identity of the recipient, and any relevant details about the nature of the gift.
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