The CARES Act Giving Incentive

To encourage everyone to support nonprofit organizations in these challenging times, the CARES (Coronavirus Aid, Relief and Economic Security) Act provides all taxpayers–even those who do not itemize their deductions–with a charitable deduction for up to $300 for cash contributions made in 2020.  This means that Milton alumni, families and friends can add an additional $300 to their charitable giving budget this year, recover a portion of it in tax savings, and help the Milton Fund.

If you itemize your deductions, the CARES Act raises the limit on charitable gifts of cash to 100% of your adjusted gross Income.  For further information, please visit our planned giving website, call us at 617-898-2376, or email Mary Perry, Director of Planned Giving: mary_perry@milton.edu.