- Tuesday | December 1, 2020
- All Day
Our Lake Erie Islands Conservancy will be celebrating Giving Tuesday TODAY, Tuesday, December 1, 2020. The Lake Erie Islands Conservancy will be eligible for a chance in a drawing for $5,000 from the Toledo Community Foundation by participating in Giving Tuesday.
Any check sent to us dated December 1, 2020 or any amount donated to us via our PayPal or credit card on this website or through our Facebook account can be used to qualify us for the drawing. The donation can be earmarked for stewardship or land protection. There are Clean Ohio funds available in March for our district-we are always in need of matching funds to preserve island forests and shorelines! Facebook also has a ongoing matching program for nonprofits for Giving Tuesday as well.
Keep in mind also that The Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law this past March, is designed to help individuals, businesses and non-profits facing economic hardships during the pandemic.
The CARES Act expands charitable giving incentives and allows taxpayers who take the standard deduction to also deduct up to $300 in charitable contributions to qualified charities this year. For those who itemize their deductions, the new law allows for cash contributions to qualified charities to be deducted up to 100% (up from 60% previously) of our adjusted gross income for the 2020 calendar year Approximately 90% of all individual tax returns now take only the standard deduction. Previously these non-itemized tax deductions were not permitted to take a charitable tax deduction. This is an “above the line” adjustment to income that will reduce your adjusted gross income and thereby reduce your taxable income. Consider a donation to the Conservancy during Giving Tuesday to receive these tax benefits!! Unless this is extended this is available only until the end of the year!
Photo of Cooper’s Woods by Susan Novak Byrnes