“We have this hope as an anchor for the soul, firm and secure.” – Hebrews 6:19

We’re so grateful for your continued investment in feeding kids. This has been a difficult year for so many, but we always have hope because of our donors and volunteers. We wanted to break down a couple of this year’s biggest giving trends, as well as provide a reminder about the CARES Act.

Donor advised funds

One way you can provide lifesaving meals through 2021 is by requesting a grant from your donor advised fund (DAF).

Donor advised funds are the fastest growing charitable giving vehicle in the United States, and people just like you are catching on. In the past year, we saw a 450% increase in this type of giving — all to feed kids!

Plus, donor advised fund contributions are generally eligible for immediate tax deductions, with quick access to provide meals directly through grant submission.

DAF grant submission is easy! Start here.

Stocks and IRA

These smart giving options have a greater impact for you and FMSC.

A gift of stock allows you to avoid capital gains tax and still claim a deduction of the stock's value on the date it is donated. To request a stock transfer, you’ll find support here. Completing the contact information ensures we acknowledge your gift. 

Plus, a gift from your IRA could provide tax benefits to you if you give before midnight on 12/31.

It’s easy! Start here.

CARES Act

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law March 27, 2020, creates a special tax benefit for charitable donors.

The new law creates a 2020 tax deduction of up to $300 in annual charitable contributions made by an eligible taxpayer. This is available only to people who take the standard deduction, and it is an “above the line” deduction, meaning it reduces a donor’s adjusted gross income (AGI), and therefore reduces taxable income.

For those who itemize, deduction caps have been lifted to 100% of AGI for individuals and joint filers and 25% for corporations. (These changes do not apply to Donor Advised Funds.)

Learn more about all the different ways you can feed kids.

Disclaimer: This material is intended for informational purposes only and does not constitute legal, accounting or tax advice. Please consult with your tax professional before acting on the information here.