1. Donate by cash or credit card and take a more significant tax deduction than in previous years. The CARES Act of 2020 provides tax relief and charitable giving benefits, which are temporary for 2020 only.

  • If you don’t typically itemize on your tax return, you will be allowed a special tax deduction of up to $300 for charitable giving to reduce your tax liability.
  • If you do itemize, you can deduct up to 100% of your annual income. Previously, the deduction was capped at 60% of yearly income.

2. Donate securities: Donating stocks, bonds, and mutual funds held for more than one year can be an effective and tax-efficient way to support our ministry.

  • Claim the fair market value of donated securities as a charitable deduction on your income tax.
  • Avoid paying capital gains tax on the increase in the value of the donated securities.

3. Donate from an IRA (Qualified Charitable Distribution):  Donating directly from your IRA is often still the most tax-advantaged way for a person over 70 ½ to give.  You may find that your IRA balance has grown recently and offers you a way to be charitable with little impact on your position. 

4. Corporate Matching Gifts Program:  Did you know companies often match an employee’s charitable contributions dollar for dollar? In addition to matching monetary donations, some companies will donate for each volunteer hour the employee gives to a nonprofit organization. Check with your employer to see if they offer a matching gift program.

5. Airline Miles:  Donate airline miles to support Engage Hope mission trips.

Please know that neither Engage Hope nor its staff or representatives are providing any tax or legal advice.  We present ideas for tax benefits as you donate to Engage Hope. 

For more information on any of these giving options, please contact kristina.selakovich@engagehope.org. Every gift makes a difference!  Thank you!

If you want to donate, please click GIVE HOPE to be redirected to our donation page.