The Cascade Forest Conservancy is dedicated to conserving and protecting the wild places in the heart of the Cascades. Now, more than ever, we need to come together in order to protect natural resources, combat climate change, and serve as stewards of our public lands.
As a part of the CARES Act, Congress expanded tax benefits for charitable donations made in 2020, even for taxpayers who take the standard deduction. These are difficult times for all of us. Now more than ever, we need the support of individuals like you to help us continue protecting and restoring the southern Washington Cascades.
We would like to let those of you who are able to donate know about some new tax deductions for charitable giving provided by the CARES Act.
In 2020, taxpayers who typically take the standard deduction on their tax returns can claim a new “above-the-line” deduction of up to $300 for cash donations to an eligible charity, like Cascade Forest Conservancy. Normally, you have to itemize your taxes to get a tax break for a specific charitable donation, this is the opposite. This deduction is not available to individuals who itemize.
For those who itemize their taxes, you can now deduct up to 100% of your adjusted gross income (AGI) for charitable donations made in 2020. Generally, deductions for charitable donations are limited to 60% of your AGI.
If you donate through your business, your corporation can deduct up to 25% of its taxable income for charitable donations made during 2020. This is an increase from the usual corporate donation limit of 10% of taxable income for the year.
This is a historic moment that will have a lasting effect on our shared future. Thank you for your support. Keeping Cascade Forest Conservancy strong now will have a profound impact on the health and sustainability of our forests and our climate for generations to come.
For more information, please contact a tax professional. For information about giving to Cascade Forest Conservancy, please contact Michal Orczyk at email@example.com or 503-475-9132
Whether you make a one-time donation or choose to become a sustaining member, know that your generosity will make an impact. Your donation supports our campaigns to ensure the long-term sustainability of our forests and streams, connect students and volunteers to rewarding citizen science opportunities, and stop dangerous projects like a proposed mine near Mount St. Helens.
Being a sustaining member of Cascade Forest Conservancy lets you live our values: Connect – Conserve – Explore. Your monthly membership grants you access to: