Indiana taxpayers donating to IU Foundation funds such as the BDSC Fund are eligible for a tax credit of 50% of their gift. The maximum credit on a joint return is $200 for a gift of $400 or more, and the maximum credit on a single return is $100 for a gift of $200 or more.

To claim the Indiana College Credit, Indiana taxpayers should complete tax form CC-40 (instructions on page 2). More information is available from the Indiana Department of Revenue and the Indiana University Foundation. List Indiana University Foundation and the 4-digit code 5300 on form CC-40. 

Indiana University Foundation (IUF) Tax and Legal Information
Information on IUF's tax-exempt status as a 501(c)(3) organization.