Why 2020 Could Be THE Year To Make A Big Charitable Gift

Why 2020 Could Be THE Year To Make A Big Charitable Gift

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which was passed by Congress and signed by President Donald Trump on March 27, includes a wide variety of provisions. Many are designed to provide immediate help to the U.S. economy, devastated by the coronavirus pandemic and the “stay-at-home” mandates.

Americans typically give to a myriad of charitable organizations and especially ones on the frontlines of service. With more than 38 million people on unemployment in the U.S., at least temporarily since mid-March, many of these charities are seeing donations dry up in the current economic environment. Thus, the CARES Act includes several provisions to encourage charitable giving, such as... Read more

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