New! CARES Act Charitable Giving Incentive: Includes a new above-the-line deduction (universal or non-itemizer deduction that applies to all taxpayers) for total charitable contributions of up to $300. The incentive applies to contributions made in 2020 and would be claimed on tax forms next year. (Section 2204) The bill also lifts the existing cap on annual contributions for those who itemize, raising it from 60 percent of adjusted gross income to 100 percent. For corporations, the bill raises the annual limit from 10 percent to 25 percent. (Section 2205)
For more information on Donor Levels & Benefits, click here.
Donations may also be mailed to:
Indianapolis Symphony Orchestra
Attn: Tori Ramsay
32 E. Washington St., Ste. 600
Indianapolis, IN 46204
Please make checks payable to: Indianapolis Symphony Orchestra
To mail in a donation, please download, fill out and mail the form below.
For more information, call or email Tori Ramsay at 317.229.7094.
The IRS limits the benefits for donations received through a Donor Advised Fund (DAF) to benefits with insubstantial or no fair market value. Because a maximum tax deduction is received when funds are contributed to a DAF, a donor cannot legally receive any benefits with a substantial fair market value.
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