No Savor Event in 2020; Year-End Giving to ASAP Has Potential Tax Benefits

Gathering for a fundraiser dinner this fall was out of the question because of COVID-19. Instead, we are reaching out to our friends and supporters, thanking you for your past support and asking you to contribute to ASAP’s work with a tax-deductible donation. Funds will directly support ASAP programming, giving hundreds of children a safe, creative outlet during these challenging times. As you consider a gift to ASAP, we want to let you know about a few relevant provisions of the CARES (Coronavirus Aid, Relief, and Economic Security) Act. The new law expands charitable giving incentives and allows taxpayers who take the standard deduction to make up to $300 of charitable cash contributions to qualified charities this year. The $300 deduction is per tax- filing unit, so the deduction is limited to $300 even for married taxpayers filing jointly. Check out the ways to give to ASAP on the Get Involved tab —> Donate. Thank you for your generous support!

Comments Are Closed