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Major Giving Adventure Club

The Major Giving Adventure Club is a new way to support the Adaptive Sports Center’s mission.

Donors who contribute $5,000 or more to our general operating fund during a given fiscal year are considered members of the club, which offers access to exclusive experiences with the ASC.

And now the CARES act is giving our major donors another way to contribute to the Adaptive Sports Center!

For those donors who are still able to itemize their deductions, and therefore directly write off gifts to charity, the current deduction cap is 60% of adjusted gross income. Corporations are able to deduct charitable donations up to 10% of taxable income.

However, the CARES act now lifts these caps to 100% for individuals and joint filers, while corporations will see their cap lifted to 25% for 2020. These are truly substantial changes to the tax treatment of donations. For individuals, it could theoretically mean zero taxable income if someone gives big.

Example: If someone has an AGI of $175,000, they would normally be able to deduct up to $105,000 for gifts to charity. With the temporary changes in the CARES act, they could now deduct up to the full AGI of $175,000 if they give that much to charity. The math works the same way for corporations.

PLEASE JOIN THE ADVENTURE CLUB!

Sign up for Adventure Club offerings by contacting Allison at 970.349.2296 or allison@adaptivesports.org.

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