Coronavirus Aid, Relief, and Economic Security CARES Act on the desk.

The CARES Act, passed earlier this year for COVID-19 relief, includes incentives for charitable giving. For the 2020 tax year only, there are additional tax benefits for donating. Of particular interest is the increase of the adjusted gross income (AGI) limitation to 100%. Previously, deductions for cash donations were limited to 60% of AGI. Under…

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This has been a difficult year by any metric. Planned giving may be far from many minds, but it can be particularly valuable for donors motivated to give during this trying time. Indeed, many of our charitable partners report significant upticks in grantmaking by their donors.   The first two months of 2020 were busier…

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