Great news for our generous community members like you! With the passing of the CARES Act, all taxpayers can take a charitable deduction of up to $300 per taxpayer ($600 per couple), even if you do not itemize your taxes. This is a special incentive for 2020 only that allows you to take a reduction in taxable income. It is an “above-the-line” adjustment to income that will reduce your adjusted gross income (AGI) and thereby reduce taxable income. This adjustment is available for cash gifts (not in-kind gifts like masks or clothing) to public charities like People Incorporated. Gifts to donor-advised funds are not eligible – these gifts must go directly to public charity.
For those who do itemize their deductions, the new law allows for cash contributions to qualified charities to be deducted up to 100% of your adjusted gross income for the 2020 calendar year, removing the previous cap of 60 percent. For the 2020 tax year only, an individual may elect to apply a new 100% of adjusted gross income (AGI) limit to cash gifts to public charities. Gifts to donor-advised funds or supporting organizations are not eligible for this special election. The 100% limit is reduced dollar-for-dollar by other itemized charitable deductions.
As always, please consult with a tax professional for advice specific to your situation. This is for information only, and should not be considered tax advice.
There’s simply no better way to promote hope and independence for people with mental illness — and 86 cents out of every dollar you give goes directly to client services.
There are many different ways to give:
Give online or by mail
- Give online with a credit card.
- Mail a check made out to People Incorporated, 3000 Ames Crossing Road, Suite 600, Eagan, MN 55121
- Email Give@PeopleIncorporated.org or 651-774-0011
Monthly giving is the easiest way to give, and furthers our mission to provide community-integrated services and support for people with mental illnesses. You can make a difference every month of the year—every dollar counts and gives hope to many in our community. Learn more about recurring giving here!
Many employers sponsor matching gift programs and will match any charitable contributions made by their employees. In addition, if you volunteer with us your employer may also provide us with a grant as a way to recognize your ongoing support!
Maximize tax savings with a gift of appreciated stock.
- Contact your financial advisor to give them the following stock transfer information:
Raymond James Financial Services/Bremer Investment Services
Account: 31434604 (People Incorporated Mental Health Services)
- You will receive an acknowledgment letter indicating the number of shares, name of stock and stock transfer date for gift; please contact your financial advisor/tax consultant to obtain proper instructions for claiming stock gifts on your personal income taxes.
- Thank you for thinking of People Incorporated in your gift plans!.
Workplace giving programs are an easy way to make a gift to People Incorporated. Simply sign up for your company’s workplace giving campaign and designate to People Incorporated. You can use automatic payroll deduction to make regular gifts.
Make a gift in honor of a birthday, anniversary, wedding, or any other special occasion. People Incorporated will send the person being honored an acknowledgment card.
Become a member of People Incorporated’s Heritage Circle with a planned gift.
We welcome gift cards from department stores, gas stations and grocery stores and new coats, hats, mittens and socks for children and adults. These items can be dropped off at 3000 Ames Crossing Road, Suite 600, Eagan, MN 55121, Monday – Friday from 8:00 a.m. – 4:30 p.m. For more information, contact firstname.lastname@example.org or call 651-774-0011.
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