Gifts to Children with Life Threatening Conditions

Gifts to Children with Life Threatening Conditions. A. These gifts are defined as follows: 1. Any in-kind gift, not converted to cash, and cash gifts that do not exceed $2000 in any calendar year from a 501(c)(3) organization (e.g., Make-a-Wish Foundation, other charities or churches) for the benefit of a child under age 18 with a life threatening condition. B. These gifts are defined as follows: 1. Such gifts are excluded from income and resources. 2. This exclusion includes a gift to a parent whose income is subject to deeming if the gift is for the benefit of the child and does not exceed the limits discussed above. 3. Interest and dividends earned on funds excluded by this provision are not excluded from income or resources.