Join us in closing out 2020 by ELEVATING children with special needs to reach their full potential. We understand this has been a challenging year and the financial burden has fallen disproportionately in our community. Many are struggling and those who are not are facing uncertainty for what the future will bring. Families of children with special needs are also feeling this burden and uncertainty ~ even more so because they know that timely services are crucial to their future.
COVID-19 caused the cancellation of our Stache Dash spring fun run, the postponement of a benefit concert, and the Ghost Ball moving to an online platform, and our fundraising income is down nearly $80,000. Because of grants and the generosity of our supporters, our overall income is down nearly $60,000. Our goal is to close this funding gap between now and the end of the year.
Please consider a gift during our year-end appeal to ELEVATE children with special needs in our community.
If you are not able to make a cash gift at this time, you can still help to ELEVATE children through:
Your generosity will provide speech, occupational, physical, and other therapies as well as home therapy equipment so that children have access to the resources they need to reach their full potential. In 2020, despite the pandemic, we awarded 93 grants totaling $76,444.00 out of over $175,000 in requests. We anticipate a greater need in 2021 as insurance deductibles skyrocket and families are faced with greater out of pocket costs. Children still need therapy in spite of a pandemic. They will grow up and a missed milestone cannot be made up.
We have set an ambitious goal of $60,000 by year-end. Every donation, big or small, makes a difference. Thank you to all who have supported these children and families and who continue to ensure that children receive the healthcare they need regardless of financial limitations.
The 2020 CARES Act provides increased tax benefits if you make a cash donation in 2020.
“Based on the new CARES Act regulations, taxpayers who do not itemize can claim an “above-the-line” deduction for charitable gifts up to $300. This means that for taxpayers that use the standard deduction, a donation to a qualified 501(c)(3) nonprofit of up to $300 can reduce your adjusted gross income (AGI) up to $300.
“Taxpayers who itemize deductions will see more benefits under the CARES Act guidelines. The level of deduction for charitable gift deductions has increased from 60 percent of adjusted gross income (AGI) in 2019 to 100 percent of AGI starting in 2020.
For corporations, the limit on qualified charitable deductions was increased from 10 percent of taxable income to 25 percent with changes in the 2020 CARES Act.”
This is not meant as tax advice, please consult a tax professional for details and advice.