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The University of Chicago Foundation LimitedMaking a gift to the
University of Chicago
from Germany has
never been easier. The University of Chicago Foundation is a registered charity
in the United
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Making a gift to refers to the act of transferring ownership of property or funds from one individual to another without receiving something of equal value in return.
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Individuals who make gifts that exceed the annual exclusion amount are required to file a gift tax return.
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To fill out making a gift to, one must complete IRS Form 709, providing details of the gifts made during the year, including the value and recipients.
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Information that must be reported includes the total value of the gifts made, the date of the gift, the identity of the recipient, and any applicable deductions.
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