Committed to a brighter future for children, neighbors and communities.

We consider a healthy neighborhood to be one that is safe, clean, and diverse; one in which it makes economic sense for people to invest and one where neighbors manage change successfully.

We consider a healthy neighborhood to be one that is safe, clean, and diverse; one in which it makes economic sense for people to invest and one where neighbors manage change successfully.

End of Year Giving

Grassroots-End-of-Year-Giving

As we near the end of the year and enter a season of holiday cheer and charitable giving, we wanted to share a few ways that you can maximize your gift to your favorite nonprofit this year. The CARES Act passed earlier this year for COVID-19 pandemic relief impacts year-end giving in the following ways:

  • A new charitable deduction is available to individual taxpayers who do not itemize their deductions. This benefit allows for a charitable deduction of up to $300 per individual as an above-the-line deduction against adjusted gross income.
  • For those who itemize, the CARES Act increases the adjusted gross income limitation from 60% to 100%.
  • For corporations, the CARES Act increases the adjusted gross income limitation from 10% to 25%.

 

To qualify for these increased limits, your charitable contribution must be made in 2020.

Click here for more information on how you can maximize your gift to Grassroots.

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Grassroots Community Development
Grassroots Community Development17 hours ago
Looking local Black History Month activities and celebrations? Check out this impressive list of Waco Black History month activities the Baylor Department of Multicultural Affairs put together of event happening around the city! https://multicultural.web.baylor.edu/bhm
Grassroots Community Development
Grassroots Community Development5 days ago
We had a great time helping small business owners with their We All Win applications last Friday! Please feel free to call or stop by our office if you need last minute help with your application. The deadline to apply is tomorrow Friday, February 3rd.