If the gift exceeds $10,000, the donor, not the recipient, must pay a tax.
The 2001-2002 campaign was the first in which online gifts could exceed $500 and go up to $5,000.
When gifts and inheritances exceed the amount of this credit, a tax is imposed.
In total, Davidson's gifts to the school exceed $55 million.
Over the years, such gifts to the community have exceeded $75,000.
The amount of your deduction may be limited if your gifts exceed 20 percent of income.
Returns are required if the gifts or gross estate exceed the exclusions.
The gift of the Veda, which only a brahmin would be able to give, far exceeds any other gift, however.
You're very lucky I think your gifts exceed your arrogance.
Sanford's total philanthropic gifts have exceeded $500 million, and are generally geared toward improving the quality of life for children.