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The University of Chicago Foundation Limited Making a gift to the University of Chicago from the United Kingdom has never been easier. The University of Chicago Foundation is a registered charity
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Making a gift to is the act of transferring ownership of property or money to another party without receiving something of equal value in return.
Individuals who give gifts above a certain value are required to file a gift tax return.
To fill out making a gift to, individuals must complete IRS Form 709 and report the details of the gift.
The purpose of making a gift to is to transfer wealth to another individual or entity without incurring a gift tax liability.
The gift giver must report the fair market value of the gift, any potential tax liability, and details of the recipient.
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