Gifts are tax-deductible less the fair market value of benefits received. You may choose to decline benefits at the time you make your gift, in which case the full gift amount is tax deductible to the extent allowed by law. No benefits can be conferred upon individuals who give through donor advised funds, personal IRAs, or family foundations. It is the policy of UCSB and the UC Regents that a modest portion of gifts and/or the income from gifts may be used to defray the costs of raising and administering funds.