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To make a gift to Sales University, please print and complete this form and return via: Fax: 215.780.1396 Mail: Office of Institutional Advancement Sales University 8360 Old York Road Elkins Park,
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To make a gift refers to the voluntary transfer of property or assets from one individual to another without expecting anything in return.
The donor, or the person making the gift, is typically required to file a gift tax return if the value of the gift exceeds the annual exclusion amount set by the IRS.
To fill out a gift tax return, you need to complete IRS Form 709, providing details about the donor, the recipient, the value of the gift, and any exemptions or deductions applicable.
The purpose of making a gift can include supporting loved ones financially, giving to charity, or fulfilling personal desires to share wealth or assets.
Information that must be reported includes the names and addresses of the donor and recipient, the description and value of the gift, and any previous taxable gifts made during the year.
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