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Giving to The Art League

Ways to Support

We’re all seeing the massive impact that COVID-19 is having on our daily lives—personally, professionally, and creatively.

So many things have changed but one thing that has not is our mission and our belief in YOU, our creative community.

Your generosity and creative spark are what make The Art League’s exceptional programs possible and broadly accessible. We gratefully welcome contributions of every kind and encourage you to be an enduring part of our mission. We invite you to explore our giving options, such as the Annual Fund and Seurat Society, to find the perfect fit for your philanthropic goals.

 

How does the CARES ACT affect you as a donor?

On December 27, 2020, another stimulus package was signed into law to help combat the far-reaching impacts of COVID-19. In many ways, this bill extends the charitable tax incentives enacted by the Coronavirus Aid, Relief and Economic Security (CARES) Act back in March 2020, but it also provides some additional provisions.

Are you itemizing deductions?

The adjusted gross income (AGI) limit for cash contributions to qualifying public charities remains increased for individual donors. For cash contributions made in 2021, you can elect to deduct up to 100 percent of your AGI (formerly 60 percent prior to the CARES Act).

Interested in corporate giving?

The AGI limit for cash contributions also remains increased for corporate donors. In 2021, corporations can deduct up to 25 percent of taxable income (formerly 10 percent prior to the CARES Act).

Not itemizing?

The CARES Act allowed for an additional, “above-the-line” deduction for charitable gifts made in cash of up to $300. This provision is extended into 2021 for taxpayers filing single/separately.

New in 2021 is an additional “above-the-line” deduction for those married filing jointly. Joint filers (who aren’t itemizing) will be allowed to take an above-the-line deduction of up to $600 in cash contributions to charity this year.

To learn more about how the CARES ACT affects charitable giving, click HERE.

Check if your employer matches

Did you know that your employer may match your contribution? Check the Corporate Matching Programs PDF to see if your employer is listed. 

This is not an exhaustive list – if you don’t see your employer listed here, please inquire about their Matching Gift Program availability.

Wondering how the Tax Cuts and Job Act (TCJA) will affect your charitable giving?

  • For non-itemizers, one option is to make a gift of appreciated marketable securities, to avoid capital gains tax. A second is the charitable IRA rollover gift.
  • For donors who itemize in 2019,  the adjusted gross income (AGI) limitation on charitable gifts of cash to public charities will be 60% of AGI.
  • Charitable split-interest trusts remain a powerful planned giving tool for donors who want to support The Art League and benefit non-charitable beneficiaries in a tax-efficient manner.
  • For more chariable giving tips and information, here are some additional resources:
Questions?

Contact Charlene Haskell in our development office at 703-519-1741 or 
develop@theartleague.org.

Giving Library

Interested in the many ways to give? See below for useful brochures and handy forms.

Thank
you!

Your generous support of The Art League enables us to meet our mission through a breadth of visual arts programming during another exciting Fiscal Year.