2020 Donors Take Note! No matter how you file, the CARES Act seeks to optimize charitable giving. Please consult your tax preparer or the IRS CARES page regarding stock gifts or noncash giving deductions*.
Do You itemize?
The adjusted gross income (AGI) limit for cash contributions was increased for individual donors. For cash contributions made in 2020, you can now elect to deduct up to 100 percent of your AGI (increased from 60 percent).
Not itemizing?
The CARES Act allows for an additional, “above-the-line” deduction for charitable gifts made in cash of up to $300. If you are not itemizing on your 2020 taxes, you can claim this new deduction.
Corporate Givers
The AGI limit for cash contributions was also increased for corporate donors. Corporations can now deduct up to 25 percent of taxable income (increased from 10 percent).
There are several ways to give to the Queen Anne Helpline.
We are always grateful for the amazing support of our entire community.
* Queen Anne Helpline does not issue direct tax receipts for donated stock. Your financial planner will show you all of the benefits of stock gifts to a 501(c)3 nonprofit which can include easy donation process, long-term portfolio benefits, capital gains liability reduction, and fair-market tax deductions for stock value. Please contact your broker to make the stock transfer, this form is for our tax documentation and acknowledgement purposes and does not initiate a stock transfer.
After you fill out this form, you will be contacted by Queen Anne Helpline and provided with our brokerage account and stock transfer information. Please check your email.
We do not automatically receive notifications when stock gifts are transferred, filling out this form will help us ensure you receive a receipt and acknowledgement.
When the form is completed and our financial advisor confirms the security transfer you have initiated, staff will issue an acknowledgment letter to the donor. The letter will indicate the number and type of shares received and the date that the ownership was transferred and delivered to Queen Anne Helpline. We are only able to accept publicly traded stocks at this time.
To mail stock information, please send to:(address, phone, email, etc.)
Contributions are tax-deductible to the fullest legal extent and will be liquidated as soon as feasible after receipt to avoid carrying risk. Best practice for non-profits dictates that we refrain from assigning cash valuation of stock gifts, however, your broker or advisor can. Please contact your financial advisor for complete tax deductibility information and requirements.
This page is not intended to provide financial, investment, or legal advice as Queen Anne Helpline does not provide these services. Please consult with your licensed financial advisor regarding stock donations.
Do You itemize?
The adjusted gross income (AGI) limit for cash contributions was increased for individual donors. For cash contributions made in 2020, you can now elect to deduct up to 100 percent of your AGI (increased from 60 percent).
Not itemizing?
The CARES Act allows for an additional, “above-the-line” deduction for charitable gifts made in cash of up to $300. If you are not itemizing on your 2020 taxes, you can claim this new deduction.
Corporate Givers
The AGI limit for cash contributions was also increased for corporate donors. Corporations can now deduct up to 25 percent of taxable income (increased from 10 percent).
There are several ways to give to the Queen Anne Helpline.
We are always grateful for the amazing support of our entire community.
* Queen Anne Helpline does not issue direct tax receipts for donated stock. Your financial planner will show you all of the benefits of stock gifts to a 501(c)3 nonprofit which can include easy donation process, long-term portfolio benefits, capital gains liability reduction, and fair-market tax deductions for stock value. Please contact your broker to make the stock transfer, this form is for our tax documentation and acknowledgement purposes and does not initiate a stock transfer.
After you fill out this form, you will be contacted by Queen Anne Helpline and provided with our brokerage account and stock transfer information. Please check your email.
We do not automatically receive notifications when stock gifts are transferred, filling out this form will help us ensure you receive a receipt and acknowledgement.
When the form is completed and our financial advisor confirms the security transfer you have initiated, staff will issue an acknowledgment letter to the donor. The letter will indicate the number and type of shares received and the date that the ownership was transferred and delivered to Queen Anne Helpline. We are only able to accept publicly traded stocks at this time.
To mail stock information, please send to:(address, phone, email, etc.)
Contributions are tax-deductible to the fullest legal extent and will be liquidated as soon as feasible after receipt to avoid carrying risk. Best practice for non-profits dictates that we refrain from assigning cash valuation of stock gifts, however, your broker or advisor can. Please contact your financial advisor for complete tax deductibility information and requirements.
This page is not intended to provide financial, investment, or legal advice as Queen Anne Helpline does not provide these services. Please consult with your licensed financial advisor regarding stock donations.