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 with food insecurity, financial instability, mental health, social distancing and homeschool, Boys & Girls Clubs of Metro Atlanta has stepped up to fill the gap. We need your support – now more than ever.