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Right now, you can be a hero to your non-profit partners and friends. There is a provision for them in the newly enacted CARES Act that provides payroll and other relief to help them keep their doors open. Tell them about it, and help them apply. For more, check out this round-up for of the benefits from Inside Charity.


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What I found most interesting for businesses is the following: “For corporations, the law raises the annual limit from 10% to 25% for charitable giving deductibles under the CARES Act. Food donations from corporations would be available to 25%, up from the current 15% cap.” (This is from Section 2205).

 

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