[Verse 1]
When you're writing checks to charity tonight
Three magic numbers keep your deductions right
Sixty percent for cash gifts, that's the ceiling
Thirty for capital gains you're revealing
Twenty percent when private foundations call
AGI sets the limits for us all
[Chorus]
Sixty-thirty-twenty, know your donor bounds
Substantiate the gifts when tax time comes around
Stock appreciation, let the charity sell
Documentation saves you from audit hell
Sixty-thirty-twenty, carved in tax code stone
Prove your giving heart or face the IRS alone
[Verse 2]
Got some Apple stock that's tripled since you bought?
Don't sell it first, that's not how donors ought
Give the shares directly, let them cash it out
Fair market value, that's what it's about
But watch that thirty percent appreciated cap
Or thirty thousand ceiling, mind the gap
[Chorus]
Sixty-thirty-twenty, know your donor bounds
Substantiate the gifts when tax time comes around
Stock appreciation, let the charity sell
Documentation saves you from audit hell
Sixty-thirty-twenty, carved in tax code stone
Prove your giving heart or face the IRS alone
[Bridge]
Two-fifty needs a receipt, that's the floor
Five hundred requires much, much more
Written acknowledgment, no goods received
Or describe the value that you believed
Donor-advised funds, section forty-nine-sixty-six
Private operating foundations in the mix
[Verse 3]
Supporting orgs come labeled one through three
Type One's controlled, Type Two roams more free
Type Three's functionally integrated tight
Each gets different percentage treatment rights
When April comes and forms need to be filed
Your paper trail keeps auditors more mild
[Final Chorus]
Sixty-thirty-twenty, know your donor bounds
Substantiate the gifts when tax time comes around
Private foundations, supporting types galore
Keep those records locked inside your drawer
Sixty-thirty-twenty, memorize the song
Charitable deductions done completely strong