Covid-19 and CARES Act

Many not-for-profit organizations have seen their spring fundraising events being canceled. And with these events accounting up to 80% of their donation budget, the budget for the next fiscal year is looking quite gloomy.

Now is a great time to put on a spring donation drive in its stead. take into consideration the two new tax benefits for donors to nonprofits that the Coronavirus Aid, Relief, and Economic Security (CARES) Act created.

First tax benefit is that up to $300 …