GivingTuesday is a global generosity movement unleashing the power of people and organizations to transform their communities and the world. This year, we are delighted to announce that Team Pennsylvania will be participating in Giving Tuesday on December 1, 2020.
Today, as ever, we remain committed to our mission of bringing the public and private sector together to move Pennsylvania’s economy forward. And our mission has never been more critical. We know that we are better when we stand together – and we accomplish more to further our education and workforce development programs, to define the economic footprint of agriculture in Pennsylvania’s economy, and light the way for our energy economy.
On GivingTuesday, we invite you to join us. And if you are interested in learning more about our work and how to partner with us, please let us know!
Learn more about our work
In the wake of the pandemic, the CARES Act incentivizes giving in a number of ways:
If you itemize…
For tax year 2020 only, the CARES Act increases the ceiling against Adjusted Gross Income for cash gifts made to public charities, like Team Pennsylvania, from 60% to 100%!
If you don’t itemize…
For tax year 2020 only, the CARES Act allows individuals who don’t itemize their deductions to exclude from Adjusted Gross Income up to $300 in combined charitable contributions made to public charities, like Team Pennsylvania. This new “above the line” deduction can lower your taxable income while still allowing the use of the standard deduction.
As always, you should check with your tax advisor for details.
Stay tuned to our social media on Facebook, Twitter, and LinkedIn for more information as GivingTuesday approaches. With your help, we can be the spark that ignites economic growth in the commonwealth.