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New Charitable Deduction Available

A taxpayer who takes the standard deduction may deduct up to $300 in cash contributions to charities (other than private non-operating foundations, supporting organizations, and donor advised funds).

This deduction is an "above the line" adjustment which reduces a taxpayer's adjusted gross income (AGI).

Increased Charitable Deduction Limits

Individual and corporate taxpayers that itemize may take advantage of increased limits on deductions. An individual taxpayer may deduct cash contributions to public charities of up to 100% of the taxpayer's AGI (compared to 60% in 2019). A corporate taxpayer may deduct contributions to public charities of up to 25% of the taxpayer's taxable income (compared to 10% in 2019). These higher limitations do not apply to contributions to private foundations or donor advised funds.

Qualified Charitable Distributions

While the CARES Act suspended Required Minimum Distributions from many retirement accounts for 2021, qualified charitable distributions (QCDs) remain a viable strategy for the satisfaction of charitable goals for the year. Under the QCD strategy, an individual taxpayer may transfer up to $100,000 from the taxpayer's IRAs directly to one or more public charities and exclude such amount from the taxpayer's AGI. Such transfers also serve to reduce the taxpayer's taxable IRA balance. The QCD strategy is available to all individual taxpayers – itemizers and non-itemizers.

Charitable Trusts

There are other longer term solutions such as Charitable Trusts which is always an option.

Return To Giving Options

What payment methods is best?

The Foundation prefers donors to use a bill pay option. Network For Good charges a charitable rate per transaction.

I'm already contributing monthly, can I increase my contribution amount?

Yes it is easy to edit the amount in your bill pay tools or Network For Good.

Can I make a single annual contribution?

Yes, please click on this link for information on how to make a one time gift.

Can I cancel my monthly contribution?

Yes, you can cancel your monthly contribution. Before you do, please contact us so we can understand why. To contact us please

click on this link.