Ways YOU Can Donate
Big Brothers Big Sisters depends on the generosity of donors like you to continue to provide mentors for children. Your contribution will stay right within our local community. Whether you give through a monetary donation, a donation of stock or securities, or a gift in-kind, every gift makes a BIG difference.
NEW 2020 Charitable Deduction Incentive!
CARES Act for Nonprofits passed on Friday, March 27, ($2 trillion economic stimulus package) legislation provides immediate relief for nonprofits. The inclusion of this expanded charitable giving incentive is a critical acknowledgement by Congress that the work of nonprofits like Big Brothers Big Sisters are essential services.
Indeed, now more than ever children facing adversity need someone in their corner to defend their potential. It is the first time Congress has passed this type of giving incentive in response to disaster or national emergency.
Deduction Available: Up to $300 per taxpayer ($600 for a married couple) in annual charitable contributions. This is available only to people who take the standard deduction (for taxpayers who do not itemize their deductions). It is an “above the line” adjustment to income that will reduce a donor’s adjusted gross income (AGI), and thereby reduce taxable income. A donation to a donor advised fund (DAF) does not qualify for this new deduction.
New Charitable Deduction Limits: As part of the bill, individuals and corporations that itemize can deduct much greater amounts of their contributions. Individuals can elect to deduct donations up to 100% of their 2020 AGI (up from 60% previously). Corporations may deduct up to 25% of taxable income, up from the previous limit of 10%. The new deduction is for gifts that go to a public charity, such as Big Brothers Big Sisters. The old deduction rules apply to gifts to private foundations. The higher deduction does not apply to donations directly to a DAF.
Required Min. Distributions Waived in 2020 for Most Donors: Required minimum distributions (RMD) that would have had to start in 2020 do not have to start until 2021, including distributions from defined benefit pension plans and 457 plans. This change will dampen somewhat the incentive for a donor to make a qualified charitable distribution (QCD) from their IRA in 2020. Even so, making a QCD this year will still allow itemizers and non-itemizers alike to direct up to $100,000 from their IRA to charities in a tax efficient manner.
WAYS YOU CAN DONATE
Donating online is the fastest, easiest way to join the Big Brothers Big Sisters mission and provide immediate support for us to serve our community's children by providing them with a Big Brother or Big Sister mentor. Consider making a monthly commitment to ensure consistent funding to help us match children with mentors.
Donate By Check
In addition to the fast, simple, and secure ways that you can make a gift online, Big Brothers Big Sisters is honored to accept your gift made by personal or business check. Print and complete THIS FORM. Send form and check to:
Big Brothers Big Sisters Greater Fredericksburg
ATTN: Executive Director
325A Wallace Street
Fredericksburg, VA 22401
AmazonSmile is a simple and automatic way for you to support Big Brothers Big Sisters Greater Fredericksburg every time you shop, at no cost to you.
Cars for Kids' Sake
Donate your car to Big Brothers Big Sisters. We’ll sell it and use the proceeds to empower the potential of local children.
Stocks & Securities
Donors may make gifts to us in the form of stocks, bonds and mutual funds.
Another way for you to give is through gifts in-kind such as donations of gift cards or professional services gift certificates to be used for raffles, fundraising incentives or to be used to support our mentoring program activities. We also accept donations of tickets to sporting, cultural and recreational events for our Bigs and Littles to enjoy for match outings.
Consider a legacy gift by including Big Brothers Big Sisters Greater Fredericksburg in your will, trust, gift annuity or as a life insurance beneficiary. A planned gift displays your commitment to the community and ensures the continuation of our one-to-one mentoring programs.
Donor Advised Funds
It's easy to support Big Brothers Big Sisters by giving directly from your donor-advised fund. A donor-advised fund (DAF) is a streamlined giving tool that allows individuals, families and businesses to make tax-deductible charitable donations of cash, or publicly-traded stock to a public charity that sponsors a DAF program such as Fidelity Charitable. Grant designations can easily be made to BBBS Greater Fredericksburg through the DAF Direct box here. BBBSFRED Tax I.D. number is 54-0848850.
Big Brothers Big Sisters Greater Frederickburg Fund @ The Community Foundation
Big Brothers Big Sisters Greater Fredericksburg established an endowed fund with The Community Foundation of the Rappahannock River Region (www.cfrrr.org). The fund’s designated purpose is to further the Big Brothers Big Sisters organization consistent with its mission to help children in need reach their potential through professionally supported one-to-one mentoring relationships with volunteers. Donations may be made online at www.cfrrr.org.
Donations may also be mailed to:
The Community Foundation
Big Brothers Big Sisters Greater Fredericksburg Fund
PO BOX 208 Fredericksburg, VA 22404-0208
Please make your check payable to: Big Brothers Big Sisters Greater Fredericksburg Fund.
Foundation & Corporate Giving
Philanthropy starts with you. Big Brothers Big Sisters is grateful for financial support from foundations and corporations. By giving to Big Brothers Big Sisters, foundations and corporations benefit the community’s most important asset—its children. Big Brothers Big Sisters is a well-respected brand with a sterling reputation and proven results. To learn more about becoming a corporate or foundational partner, contact Michelle Hedrich, Executive Director, at [email protected] or 540-371-7444.