As a nonprofit organization, the Rolling Plains Quail Research Foundation relies on gifts from supporters like you to continue our quail-saving research. Now, thanks to the Coronavirus Aid, Relief and Economic Security (CARES) Act, there is even more incentive to help us help wild quail this year.
For the remainder of 2020, individuals may deduct monetary donations of up to 100% of their adjusted gross income (up from the previous limit of 60% of one’s AGI). This means your charitable gift to RPQRF can reduce your taxable income more than ever before! Corporations are similarly incentivized to donate to public charities, as they may deduct up to 25% of their taxable income, up from the previous limit of 10%.
This Temporary Suspension of Limits on Charitable Contributions only applies to cash gifts to public charities (like RPQRF). If you give cash gifts to a private foundation or a Donor Advised Fund, the old deduction limits apply. The new deduction limits are also not applicable to gifts of appreciated stock.
If you have questions or would like more information about making a charitable gift to RPQRF, please contact Phil Lamb at plamb@quailresearch.org.
Note: this information is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor.
