Not long ago we were thinking ahead to our first fall hunts, breaking ground on the lodge and exciting events to kick off the program. While the COVID-19 crisis has delayed some of our plans, the plans are still in place and we are eager to get them rolling again. It will be more important than ever to get people back into the outdoors once we can safely do so.

For those of you that might have been considering a donation to help us fund our efforts, now is a great time to do so if your situation and means allow for it. There are some important new tax incentives as a result of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) of which you should be aware.

Effectively there are 3 changes.

Taxpayers who don’t itemize can get up to $300 charitable deduction of monetary gifts in addition to the standard deduction.
Limitations are lifted on charitable contributions by individuals who itemize from 60% of adjusted gross income to 100% of adjusted gross income. They may also choose to carry forward any unused deductions for up to five years. (Donations to donor-advised-funds would not qualify.)
If you are over age 70 1/2 you may still benefit greatly from tax-free Qualified Charitable Distributions from your IRA. (Up to a maximum of $100,000.)
Corporations can gift 25% of their income instead of 10% of their income. Donations in excess of 25% may be deducted in the following 5 years.

Please help us give the gift of freedom and independence to those that it would impact greatly and need it most. Make a difference with a donation today!

We recommend consulting with your financial and tax advisors for your individual situation. Please don’t hesitate to contact us if you wish to speak to us about your gift. You may contact Kim Monks at 616-610-0252 or kim@hunt2heal.org.