Another year in this strange, new world we live in. And yet, here we are still going strong thanks to our supportive community.
This year we have offered limited classes both to youth and adults as we navigate the unknown. Our summer art show was successful as well as a new addition "Small Wonders". We gained a couple of new artists-in-residence, LeAnne Bullard and Pat Kolb. We also hosted a very successful En Plein Air event in October at the new Elderblossom View Orchard & Winery.
However, even with all this going on this year, we still need your support as we move forward into 2022.
We hope you will consider us again in your year end giving as we continue to bring the arts to the community.
Below is more information concerning changes in charitable gift giving and donations in general.
This year we have offered limited classes both to youth and adults as we navigate the unknown. Our summer art show was successful as well as a new addition "Small Wonders". We gained a couple of new artists-in-residence, LeAnne Bullard and Pat Kolb. We also hosted a very successful En Plein Air event in October at the new Elderblossom View Orchard & Winery.
However, even with all this going on this year, we still need your support as we move forward into 2022.
We hope you will consider us again in your year end giving as we continue to bring the arts to the community.
Below is more information concerning changes in charitable gift giving and donations in general.
Please use the "Donate" button above to start your donation.
End of Year Giving
This year we are participating in Giving Tuesday. Using this universal day of giving is an easy way to remember that giving to your favorite non-profit is a great way to thank them for the service and enrichment they provide to the community. We rely on your generous donations to support our adult and youth classes as well as our outreach programs with other local organizations.
CARES ACT-Extended to include 2021
The CARES Act makes a new charitable deduction available to individual taxpayers that do not itemize their deductions. This new benefit, also referred to as a universal deduction, allows for a charitable deduction of up to $300 per individual. This is an above-the-line contribution that is deducted from the individual taxpayer’s income prior to the calculation of their adjusted gross income. This is the one charitable giving benefit that will extend beyond the 2020 tax year.
In addition to the new universal deduction, for 2020, the Act provides incentives for both individuals and corporations by increasing the available deductions on qualified charitable contributions to:
In addition to the new universal deduction, for 2020, the Act provides incentives for both individuals and corporations by increasing the available deductions on qualified charitable contributions to:
- 100% of their adjusted gross income for individual taxpayers who itemize their deductions. Beyond the scope of the CARES Act, the deduction for qualified charitable contributions made by itemizing individual donors is limited to 60% of their adjusted gross income.
- 25% of taxable income for corporations. Up from the 10% limit which is generally applicable for corporations outside of the CARES Act.
Tax Free Gifts
Tell your traditional IRA administrator that you want to make a qualified charitable distribution to us. If you are 71 or over, you can make a tax-free gift. You will need to give your administrator our Federal Tax ID (or EIN), 47-4996077 and our legal name, Mid-Missouri Arts Alliance. They should be able to take care of everything from there and be sure to let them know it must be postmarked by December 31st.
We are by no means tax experts. Please consult with your tax advisor or plan administrator for full details.
We are by no means tax experts. Please consult with your tax advisor or plan administrator for full details.
