Number: RS20092
Title: Public Debt Reduction Fund
Authors: Pamela Jackson, Government and Finance Division 
Abstract: Reducing the federal public debt is regarded as an important goal by many taxpayers. The Public Debt Reduction Fund provides for the acceptance of monetary gifts to be used for reducing the public debt by the Secretary of the Treasury and the Administrator of General Services. Contributions may be taken as a charitable contribution deduction by taxpayers who itemize their deductions in the year following the contribution. Since the fund's inception in 1961, over $65 million has been donated.
Pages: 3
Date: June 28, 2006