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The CARES Act and Charitable Giving

The CARES Act and Charitable Giving

Article Type: NewsTips & Insights

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The massive $2.2 trillion stimulus package is intended to provide swift relief to individuals and organizations alike, in the midst of the global Covid-19 pandemic.

In addition to direct payment and other provisions that may benefit your family, here are several CARES Act items and other considerations related to your giving.

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Barnabas Foundation Celebrates Record Charitable Distributions in 2018

Barnabas Foundation Celebrates Record Charitable Distributions in 2018

Article Type: News

With the final tally for 2018 complete, Barnabas Foundation celebrates the third consecutive record-breaking year of dollars distributed to charity. On behalf of the generous families we serve, Barnabas Foundation sent out 8,760 grants (vs. 7,548 in 2017) totaling more than $67 million (vs. $52 million in 2017) in charitable distributions.

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Barnabas Foundation Celebrates Record-Breaking $85 Million in Charitable Gifts

Barnabas Foundation Celebrates Record-Breaking $85 Million in Charitable Gifts

Article Type: News

With the final tally completed for 2017, Barnabas Foundation celebrates $85,399,099 in gifts received this year, to be distributed in the form of grants to churches, ministries and charitable organizations. This marks a 46% increase over last year, and Barnabas Foundation’s largest year of charitable gifts received since its founding in 1976.

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The New Tax Law and Charitable Giving

The New Tax Law and Charitable Giving

Article Type: News

Now that the Tax Cuts and Jobs Act has passed, we know several provisions that may affect the tax implications of your charitable giving. Here are some of the key changes and opportunities you may want to consider.

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