The Bureau of the Fiscal Service may accept gifts donated to the United States Government to reduce debt held by the public.
The account was established in 1843 to accept gifts, such as bequests, from individuals wishing to express their patriotism to the United States. Money deposited into this account is for general use by the federal government and can be available for budget needs.
These contributions are considered an unconditional gift to the government.
Acting for the Secretary of the Treasury, Fiscal Service may accept a gift of:
• Money, only on the condition that it be used to reduce debt held by the public.
• An outstanding government obligation, only on the condition that the obligation be cashed and the proceeds used to reduce debt held by the public.
• Other intangible personal property only on the condition that the property is sold and the proceeds used to reduce the public debt.
• Gifts to reduce debt held by the public may be inter vivos (from a living person) gifts or testamentary bequests (in a person's will).
To make a contribution to reduce the debt:
• At Pay.gov, you can contribute online by credit card, debit card, PayPal, checking account, or savings account.
Any tax-related questions regarding these contributions should be directed to the Internal Revenue Service at 800-829-1040.