Maximize your giving in 2020

Unique opportunities for strategic, year-end giving to help support the charities you care about most

What the CARES Act means for your giving

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed into law. The $2.2 trillion economic stimulus package broadly assists businesses, state and local governments, and individual taxpayers alike to weather the economic hardships resulting from the COVID-19 global pandemic.

Highlights of the legislation include tax rebates, extended unemployment benefits, easier access to business loans, and support for distressed industries and healthcare providers.

But the Act also includes numerous benefits for charitable givers, including an expanded charitable deduction for cash gifts made in 2020 to churches and public charities, a waiver of required minimum distributions (RMDs) from retirement accounts.

But it also provides an amazing opportunity for those desiring to give more this year. Download the CARES Act PDF.

 

100% AGI Giving: A once-in-a-lifetime opportunity

Although this year has presented unprecedented challenges for us all, it has also created exciting new opportunities for generous people to maximize your charitable giving and, in some cases, give more than you ever dreamed possible. Under the CARES Act, you may be able to give and deduct up to 100% of your adjusted gross income (AGI).

If you itemize deductions on your income tax returns, you can deduct charitable cash gifts up to 100% of your AGI this year and may eliminate (or significantly reduce) your federal income taxes. Learn more about 100% AGI giving.

3 common questions about 100% AGI Giving

How can I give up to 100% of my adjusted gross income, and what is the urgency? What are the benefits and the rules, and is there a deadline? Let our expert, Jeanne McMains, answer your most common questions.

How a Single-Charity Fund can help you give wisely

This year, the CARES Act allows you to deduct 40-50% more than in other years. But you must give directly to charity. If you still want to give over time, like you do with your Giving Fund, we have a solution.

How to plan your giving when you feel uncertain

Is your giving in a holding pattern? It’s hard to know what to do when nothing is sure, but don’t wait to ask for help. Planning now can prepare you for when you’re ready to give.

3 common questions about 100% AGI Giving

How can I give up to 100% of my adjusted gross income, and what is the urgency? What are the benefits and the rules, and is there a deadline? Let our expert, Jeanne McMains, answer your most common questions.

How a Single-Charity Fund can help you give wisely

This year, the CARES Act allows you to deduct 40-50% more than in other years. But you must give directly to charity. If you still want to give over time, like you do with your Giving Fund, we have a solution.

How to plan your giving when you feel uncertain

Is your giving in a holding pattern? It’s hard to know what to do when nothing is sure, but don’t wait to ask for help. Planning now can prepare you for when you’re ready to give.

Using our business to fund charities has transformed the way we look at our resources and how we honor God with everything we have.

Giver, NCF Chicago

Maximize your giving by leveraging your unique situation

Want to give without depleting cash?

With so many charities struggling to meet new challenges this year, you may want to maintain, or even accelerate, your giving to keep pace with the need. Here are some tax-smart options to help you honor your giving commitments without depleting your cash.

Investments doing better than expected?

You may have investments that have accumulated significant unrealized capital gains this year, which could result in a hefty tax bill when sold. Here are a few things to consider in order to pay less tax and give more to charities you care about.

Want to give without depleting cash?

With so many charities struggling to meet new challenges this year, you may want to maintain, or even accelerate, your giving to keep pace with the need. Here are some tax-smart options to help you honor your giving commitments without depleting your cash.

Investments doing better than expected?

You may have investments that have accumulated significant unrealized capital gains this year, which could result in a hefty tax bill when sold. Here are a few things to consider in order to pay less tax and give more to charities you care about.

Business doing well?

If your business has done well this year, it may be a powerful engine to help support your charitable goals. With several unique opportunities now available, here are a few ideas that leverage your business for generosity.

Business not doing well?

If this year has been tough on your business, you might be praying for a way to honor your giving commitments and continue being generous. Here are a few ideas that could help you meet your charitable giving goals.

Business doing well?

If your business has done well this year, it may be a powerful engine to help support your charitable goals. With several unique opportunities now available, here are a few ideas that leverage your business for generosity.

Business not doing well?

If this year has been tough on your business, you might be praying for a way to honor your giving commitments and continue being generous. Here are a few ideas that could help you meet your charitable giving goals.

Explore a gift opportunity before December 31st

Our team at NCF would be honored to serve you and help you make the most of your charitable giving.


Contact your local team