Where does the income go that may accrue on an account?
Income that accrues in a Charitable Gift Account is included in the value of respective fund units. Such amounts do not constitute income to the Donor(s). The amount of a Donor’s tax deduction for a contribution of assets to ABE is determined at the time of contribution and is not affected by any appreciation or depreciation in the value of the Charitable Gift Account. However, the Donor will be entitled to make grant recommendations of the entire Charitable Gift Account balance, which will reflect any appreciation or depreciation in the value of the assets in the account.
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