As we navigate these challenging times and adjust to a new normal, all of us at The Magdalen House sincerely hope that you and your loved ones stay healthy and safe. The Magdalen House is making every effort to remain mission-focused at this time. We are fortunate to continue to meet the critical and vital needs of these alcoholic women, both in person and virtually, throughout this pandemic. Still, we are at a crisis point and need help. Thankfully, the Coronavirus Aid Relief and Economic Securities Act, also known as the CARES Act, includes new benefits for individuals and corporations who are interested in providing much-needed support to charitable organizations, like The Magdalen House.
The CARES Act expands charitable giving incentives and allows taxpayers who take the standard deduction to claim an “above-the-line” deduction of up to $300 of contributions to qualified charities this year, including The Magdalen House. This does not include gifts made from donor-advised charitable funds or gifts of stock. At The Magdalen House, a gift of $300 could:
- Cover a month’s supply of essential COVID-19 supplies – including gloves, thermometer covers, masks for clients, and cleaning products – needed to ensure the safety of clients and staff during the pandemic.
- Cover the cost of “Birthday Night” supplies for six months – including birthday chips, cake, and decorations. Birthday Night is a monthly celebration of sobriety anniversaries. Typically, this event occurs in our meeting room, and friends and family of participants picking up their chip are invited to attend and celebrate their loved ones. During the pandemic, this celebration occurs virtually on Zoom, and chips are delivered to participants by our volunteers.
For those who itemize their deductions, the CARES Act allows for cash contributions to qualified charities, such as The Magdalen House, to be deducted up to 100% of your adjusted gross income for the 2020 calendar year. For business owners, the 10% limit has been increased to 25%. This measure applies both to cash gifts and public charities, but does not apply to contributions from private foundations or donor-advised funds.
If you would like to speak to someone about donating to The Magdalen House, please contact Kate Dorff, Director of Development, at firstname.lastname@example.org.
Stay safe and stay healthy. We are grateful for your thoughts and support as we attempt to navigate these uncertain times while maintaining our focus of supporting alcoholic women.
*For specific questions regarding the 2020 CARES Act and how it affects your personal 2020 federal tax filings, please consult your financial advisor.