Help Southern Oregon Youth and Accrue Tax Benefits
CARES Act Charitable Giving Provisions:
Universal Charitable Deduction
The CARES package includes a temporary universal charitable deduction. This deduction will allow all taxpayers to claim an above the line charitable deduction for cash donations up to $300 through December 31. Donations to donor advised funds and supporting organizations are not eligible for this deduction.
Adjusted Gross Income Limitation
The law also lifts the cap on annual deductions for cash contributions for those who itemize, raising the cap from 60% to 100% of adjusted gross income. The cap for corporations has been increased from 10% to 25%. For food donations, the corporate cap has been increased from 15% to 25%.
What this Means for You
Kids need your help now more than ever. For many, childhood has been suspended. The Club is a source of stability, consistency, and fun for kids and teens. We’re currently providing and delivering to-go meals twice daily and are providing enrichment activities online to help with education, art, storytime, fitness and fun. When we re-open our doors, we will continue to provide hot meals, homework help, mentorship, academic enrichment activities and the chance to have fun with friends and trusted mentors. Our community will need us more than ever and we will be here for them.
Your gift helps us maintain and grow these programs. And with these new tax incentives, there has never been a better time to support Boys & Girls Clubs of the Rogue Valley.
*Written 3/26/2020. Information provided above does not substitute for the advice of your tax advisor or attorney. Please see your tax advisor or attorney for full advice on implications of the CARES Act.
Chef Joanne prepares homemade meals daily for the kids and teens in our programs. Over the last year, she and her team continued to pour their love into over 500 meals a day for the community. Thank you Joanne!
At the Club, every kid and teen receives a hot meal and snack. In 2019, we served over 87,000 meals to local youth. During the COVID-19 club closures from March to June 2021 – more than 500 to-go meals each day were served!