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100% of your money stays local to help kids in need.
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Every year the YMCA of the Foothills sets its sites on real and lasting change. We believe every child should learn drowning prevention, every teenager should have a mentor and connection with their passion, every senior should have the tools to prevent falling, and every family should have access to programs that build stronger family relationships.
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The YMCA of the Foothills serves youth, families, and seniors in Sun Valley, Sunland-Tujunga, La Crescenta, Montrose, North Glendale, and La Canada Flintridge.
Many of these programs would not be possible without the generous support from our donors and volunteers. Please join us to make a lasting impact right here in the Foothills community. |
THE CARES ACT
The CARES Act makes a new charitable deduction available to individual taxpayers that do not itemize their deductions. This new benefit, also referred to as a universal deduction, allows for a charitable deduction of up to $300 per individual. This is an above-the-line contribution that is deducted from the individual taxpayer’s income prior to the calculation of their adjusted gross income. This is the one charitable giving benefit that will extend beyond the 2020 tax year.
In addition to the new universal deduction, for 2020, the Act provides incentives for both individuals and corporations by increasing the available deductions on qualified charitable contributions to:
What conditions need to be met to qualify for the enhanced tax benefits?To trigger these new benefits, both individual and corporate taxpayers have to make a qualified charitable contribution. The increased limits are applicable only to cash donations. Contributions of any kind of property, including marketable securities, real assets or otherwise, do not qualify. To qualify, the cash contributions have to be made, with a few exceptions, to a public charity.
What is Campaign?
The YMCA of the Foothills Annual Campaign raises charitable funds needed to address some of our most pressing community needs. Every dollar raised ensures thousands of our neighbors – from youth to seniors– can count on the Y to live healthier and happier lives.
Covid-19 has challenged us to be creative in how we bring our life changing programs to the community. And when we emerge from this global pandemic, the Y will be there to help our communities recover.
We can’t do it alone.
Whether you’re connected to the Y today or have a fond Y memory from years past, you are part of our family—and we need you to stay with us.
How Can I Get Involved?
Please join us in making a contribution that's meaningful to you and your family- every kid deserves the chance to rise. We also depend on countless volunteers to join us in working to make our community a place for everyone to be their best.
The CARES Act makes a new charitable deduction available to individual taxpayers that do not itemize their deductions. This new benefit, also referred to as a universal deduction, allows for a charitable deduction of up to $300 per individual. This is an above-the-line contribution that is deducted from the individual taxpayer’s income prior to the calculation of their adjusted gross income. This is the one charitable giving benefit that will extend beyond the 2020 tax year.
In addition to the new universal deduction, for 2020, the Act provides incentives for both individuals and corporations by increasing the available deductions on qualified charitable contributions to:
- 100% of their adjusted gross income for individual taxpayers who itemize their deductions. Beyond the scope of the CARES Act, the deduction for qualified charitable contributions made by itemizing individual donors is limited to 60% of their adjusted gross income.
- 25% of taxable income for corporations. Up from the 10% limit which is generally applicable for corporations outside of the CARES Act.
What conditions need to be met to qualify for the enhanced tax benefits?To trigger these new benefits, both individual and corporate taxpayers have to make a qualified charitable contribution. The increased limits are applicable only to cash donations. Contributions of any kind of property, including marketable securities, real assets or otherwise, do not qualify. To qualify, the cash contributions have to be made, with a few exceptions, to a public charity.
What is Campaign?
The YMCA of the Foothills Annual Campaign raises charitable funds needed to address some of our most pressing community needs. Every dollar raised ensures thousands of our neighbors – from youth to seniors– can count on the Y to live healthier and happier lives.
Covid-19 has challenged us to be creative in how we bring our life changing programs to the community. And when we emerge from this global pandemic, the Y will be there to help our communities recover.
We can’t do it alone.
Whether you’re connected to the Y today or have a fond Y memory from years past, you are part of our family—and we need you to stay with us.
How Can I Get Involved?
Please join us in making a contribution that's meaningful to you and your family- every kid deserves the chance to rise. We also depend on countless volunteers to join us in working to make our community a place for everyone to be their best.