The Coronavirus Aid, Relief and Economic Security, or CARES, Act provides significant funding for businesses, hospitals, and schools, and with charitable giving. The stimulus bill contains a universal above-the-line deduction for cash contributions of up to $300 made in 2020. All taxpayers are eligible, even people who use the standard deduction. This deduction does not apply to noncash gifts or contributions to donor-advised funds.
The Hot Springs Area Giving Tree Fund is a permanently invested endowment fund. Nonprofits serving our community submit grant applications online and grant selection are overseen by our broad and inclusive representation of our local board and community members. Our next grant cycle begins Jan. 10, 2021.
Need more information? Call Joyce Whitfield at 501-620-4008 or email [email protected] Let us work together to make a difference and serve the needs of our community.