How you can help support the Best Park in History!
We recognize that times are difficult, the needs of many are great and while the future will be brighter, today is uncertain but we have heard from some supporters asking how they can help continue our mission. If you are one of those who want to know how to support the Trust and the park we love, we have some recommendations for you.
Through the recently passed CARES Act, there are changes to tax law that may impact your charitable giving to non-profits like Independence Historical Trust.
- The law allows an above-the-line income tax charitable deduction up to $300 ($600 for a married couple) even if you don’t itemize your 2020 income tax return. The tax break is available to people who claim the standard deduction, which is $12,400 for singles or $24,800 for married filing jointly in 2020.
- For the 2020 tax year only, donors may elect to apply a 100% of adjusted gross income (AGI) limit to cash gifts to public charities. Gifts to donor advised funds (DAFs) don’t qualify. This means that in 2020, a donor who deducts 30% of AGI in long term appreciated property gifts and elects the 100% of AGI limit for qualified cash contributions will be able to also deduct up to 70% of AGI for qualified cash gifts, a total deduction of up to 100% of AGI. If this donor uses all available deduction for qualified cash gifts, that donor will pay no federal income tax in 2020.
As always, we recommend consulting with a financial advisor to discuss tax deductions related to charitable giving and how it affects you.
Memberships to the Trust support our annual fund and allow us to continue our mission of supporting Independence National Historical Park. While the park is closed, we are working remotely to continue our work on our many projects in support of the Park as well as finding new ways to keep people engaged during this time.
If you are already a member, consider purchasing a Gift of Membership and sharing Independence with someone in your life.
As we all stay home, online shopping has become a way of life. If you are shopping on Amazon for your essentials, consider shopping on AmazonSmile and choose Independence Historical trust as your preferred charity
Right now, we are practicing social distancing and self-isolation but someday, when we can gather again, the park may need help. Sign up to become a volunteer and have volunteer opportunities emailed to you.