End of Year Giving - 2020
Thank you for your dedicated support. The past year has reminded us how fortunate we are to have you in our family of donors. Your support has made it possible for us to face the many challenges of 2020. We could not have done it without you. Thank you. We wanted to take this time to remind you of some important CARES Act provisions that are scheduled to expire at year’s end. These provisions may affect you—and even make it easier for you to make a gift to Central Catholic High School. They include:
- A temporary suspension of required minimum distributions (RMD) for the 2020 tax year. Beginning in 2021, the RMD rules will return unless Congress takes further action. If you are 70½ or older, you can still make a gift from your IRA or name us as a beneficiary.
- An expanded charitable giving incentive that allows taxpayers who take the standard deduction to make up to $300 in 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.
- For those who do itemize their deductions, the law allows for cash contributions to qualified charities such as ours to be deducted up to 100% of your adjusted gross income for the 2020 calendar year.
We are so grateful for your generosity, which touches—and changes—so many lives. Please contact me at email@example.com or 210.576.4388 to discuss how your gift can help further our mission. If you would like to make a gift online today, please click HERE or go to www.cchs-satx.org/give
Director of Advancement
Central Catholic High School
210.576.4388 / firstname.lastname@example.org
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