Help Atlanta Area Youth and Accrue Tax Benefits

Help Atlanta Area Youth and Accrue Tax Benefits
April 15, 2020 BGCMA Events
Boys and Girls Clubs of Metro Atlanta
The CARES Act’s Charitable Giving Provisions


Universal Charitable Deduction

The CARES package includes a temporary universal charitable deduction. This deduction will
allow all taxpayers to claim an above the line charitable deduction for cash donations up to $300
through December 31. Donations to donor advised funds and supporting organizations are not
eligible for this deduction.

Adjusted Gross Income Limitation

The law also lifts the cap on annual deductions for cash contributions for those who itemize,
raising the cap from 60% to 100% of adjusted gross income. The cap for corporations has been
increased from 10% to 25%. For food donations, the corporate cap has been increased from
15% to 25%.


What this Means for You

Kids need your help now more than ever. For many, childhood has been suspended. The Club is a
source of stability, consistency, and fun for kids and teens. We are providing meals, virtual
homework help, mentorship, academic enrichment activities and the chance to (virtually) have fun
with friends and trusted mentors.

Your gift helps us maintain and grow these programs. And with these new tax incentives, there has
never been a better time to support the Club.

*Written 3/26/2020. Information provided above does not substitute for the advice of your tax advisor or
attorney. Please see your tax advisor or attorney for full advice on implications of the CARES Act.


Help Us Continue to Serve our Mission

As Atlanta’s kids and families face challenges related to food insecurity, financial instability, academic backslide, and overall health, Boys & Girls Clubs of Metro Atlanta has stepped up to fill the gap.

We need your support – #NowMoreThanEver   

Although our Clubs are temporarily closed, through your support, we are continuing to provide critical resources and services to help our kids and teens during these uncertain times. We still have a long road ahead to support the communities that need us most.