Donations small and big make a difference in a child’s life at LUCK. Because we are an all-volunteer organization, 100% of your gift goes directly to harness the power of horses to transform the lives of Cleveland’s youth. We can accept cash, in-kind, stocks, annuities, or bequests. We are LUCKy to have you involved in our organization. Thank you.
CARES Act Helps Charities:
New Deduction Available
All taxpayers may take up to $300 ($600 for a married couple) in annual charitable cash contributions, even if you do not itemize. It is an “above the line” adjustment to income that will reduce a donor’s adjusted gross income, reducing taxable income. A donation to a donor advised fund does not qualify for this new deduction.
New Charitable Deduction Limits
Individuals and corporations that itemize can deduct much greater amounts of their cash contributions to charities. Individuals can elect to deduct donations up to 100% of their 2020 adjusted gross income (up from 60%). Corporations may deduct up to 25% of taxable income (up from 10%). The higher deduction does not apply to donations to a donor advised fund.
We are happy to have your support in any form, in any amount!