The Door County Community Foundation is seeing plenty of dollars coming in and going out as the final days of 2020 go by. President and CEO Bret Bicoy says the surging markets are causing a record number of people to donate stock to their favorite charities. Likewise, the Door County Community Foundation is also writing out a large number of checks to local organizations that have seen the demand for their services skyrocket because of the impact of the pandemic. Bicoy says that factor has driven giving.
Bicoy did point out donors who are struggling themselves are not giving as much this year as they have in the past. He adds that recent changes to the tax code and a provision in the federal CARES Act has also incentivized donors to give. You will be able to deduct up to $300 in cash donations to qualifying organizations from income through the end of the year. If the omnibus bill approved by Congress on Monday is signed into law, that program will be extended into 2021.
