Give to Our Annual Appeal
Through your support, Make-A-Wish® Massachusetts and Rhode Island opens up a world of possibility for children with critical illnesses.
Empowered through choice, a wish child imagines and expresses a wish with bright eyes and a hopeful heart. From there, anticipation builds, strength grows, and joy unfolds in all of its splendor!
For Aisha, it started with longing for a furry friend…A companion to hold on to through tough days as she endures leukemia treatments. What her wish provided is lasting joy, delivered through the sweet antics and soothing snuggles of a puppy who gives Aisha a new sense of purpose and pride.
Right now, over 300 medically eligible children like Aisha have the opportunity to be empowered and uplifted by the unbreakable hope of a wish fulfilled.
The CARES ACT: Incentives for Giving
In March, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide immediate relief for nonprofits. The CARES Act includes the following expanded charitable giving incentives:
New Deduction Available for up to $300 per taxpayer ($600 for a married couple) in annual charitable contributions. This is available only to taxpayers who do not itemize their deductions.
New Charitable Deduction Limits: Individuals can elect to deduct cash contributions up to 100% of their 2020 adjusted gross income, on itemized 2020 tax returns (up from 60% previously). Corporations may deduct up to 25% of taxable income, up from the previous limit of 10%.
Required Minimum Distributions Waived in 2020 for Most Donors: Required minimum distributions that would have had to start in 2020 do not have to start until 2021, including distributions from defined benefit pension plans and 457 plans. Making a qualified charitable distribution this year will allow itemizers and non-itemizers alike top direct up to $100,000 from their IRA to charities, which will reduce their taxable IRA balance.
The CARES Act is a critical acknowledgment that the work of nonprofits like Make-A-Wish Massachusetts and Rhode Island are essential services. Indeed, now more than ever, children facing serious illnesses need the hope and joy that wish experiences provide!