COVID-19 Stimulus Package/CARES Act
CARES Act for Nonprofits-Friday, March 27, Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion economic stimulus package legislated to provide immediate relief for nonprofits.
The recently passed stimulus bill includes three major areas that impact both corporate and individual charitable giving.
1. Taxpayers who do not otherwise elect to itemize deductions are allowed an above-the-line deduction in 2020 for up to $300 for charitable contributions made in cash (not stock) to any qualifying Section 501(c)(3) public charity, excluding donor-advised funds.
2. Individuals who make larger gifts will now be able to deduct a larger level of their giving. Currently, an individual may deduct up to 60% of their adjusted gross income (AGI) for charitable deductions of cash. Individuals can now make gifts of cash that represent a total 100% of their AGI for the year 2020.
3. For corporations, the stimulus bill temporarily increases the 10% limitation on charitable contribution deductions to 25% of taxable income. Excess contribution may be carried forward to future years, subject to the general charitable contribution carry forward rules.
Show Your Support
State of Indiana
Boy Scout License Plate
Take the Spirit of Scouting to the Road and help the Indiana Scouting Movement.
To purchase an Indiana Boy Scout license plate, visit your local Bureau of Motor Vehicles or https://www.in.gov/bmv/2620.htm
State of Illinois
Eagle Scout License Plate
Purchasing an Eagle Scout License Plate in Illinois & portions of the proceeds will go to Buffalo Trace Council as a donation of your support! Application forms may be obtained in person, by mail, through visiting www.cyberdriveillinois.com, or call
Buffalo Trace Council will receive $25 for every
Eagle Scout License Plate purchased in the state of Illinois.
An applicant must provide a copy of his Eagle Scout Certificate or written proof of Eagle Scout rank from the local Boy Scout Council.
Visit smile.amazon.com and select Buffalo Trace Council when making your purchases and a percentage of your purchase will be donated to Buffalo Trace Council. If you have questions, please contact Beth at 812-423-5246 or
Leaving A Leagacy With Scouting
Have you ever considered how you can ensure Scouting in Buffalo Trace Council continues for many years to come? There are many ways you can help future Scouts! Gifts can be made through wills, as part of an estate, as an insurance policy or as a direct contribution to Buffalo Trace Council.
While giving today is extremely important to our work, giving in the future will ensure that Scouting will be vibrant in our communities for many years to come.
For more information on how you can support Buffalo Trace Council for the future, please contact John Harding 812-423-5246 or .