How Tax Benefits of the CARES Act Affects Your Donation to Orlando Science Center

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Learn more about the tax benefits of the CARES Act

The Coronavirus Aid, Relief, and Economic Security (CARES) Act is designed to help donors like you, businesses, and nonprofit organizations facing economic hardship during the coronavirus pandemic. Some provisions are set to expire at the end of the year.

The CARES Act expands charitable giving incentives and allows taxpayers who take the standard deduction to make up to $300 of charitable contributions to qualified charities in 2020. While it may seem like that amount is not enough to make a difference, if all of our donors gave $300 this support would have an immense impact on our organization.

 

Donors who opt to itemize their deductions may receive a tax deduction for qualified charitable contributions up to 100% of their Adjusted Gross Income (AGI) under the CARES Act. Therefore, cash donations made in 2020 to registered 501(c)(3) charities, such as Orlando Science Center, will have enhanced benefits for donors and provide deeper support to organizations.

We are incredibly humbled and grateful for your continued support during this unprecedented time. Please contact Chris Barton, Vice President of Development, at cbarton@osc.org or by phone at 407-514-2020 to discuss your charitable goals and learn how your support can help Orlando Science Center fulfill its mission and continue serving our community as an essential resource for all.

You should consult your qualified tax or experienced financial advisor to determine how the CARES Act may apply to you.