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State of Indiana Tax Credit

Indiana taxpayers may take a tax credit of 50% of their gift to IU. The payment of tuition, fees, and room and board are not charitable contributions and do not qualify for this credit.

Maximum Credit

For a joint return, the maximum credit is $200, based on gift of $400 or more. For a single return, the maximum credit is $100, based on a gift of $200 or more.

Complete the Indiana CC-40

After you make your gift to IU, you’ll need to complete the Indiana CC-40 tax form. This form is for computing credit for contributions to colleges and universities located in Indiana. The schedule, or a statement showing the same information, must be attached to your┬áincome tax return. Attach the form to the┬áIndiana income tax return for the tax year in which you made the gift.

Indiana University Foundation Tax and Legal Information

View information on the Indiana University Foundation’s tax-exempt status as a 501(c)(3) organization.

Contact Us

For more information, contact:

Stacy Zearing
Director of Development