UCHealth Northern Colorado Foundation

970.237.7400 noco-foundation@uchealth.org

Improving health in our community is a compelling reason to support the foundation’s mission of helping advance health care in northern Colorado. The Coronavirus Aid, Relief, and Economic Security (CARES) Act offers additional incentives for charitable giving, in effect through Dec. 31, 2020.

Did you know:

(1) The available deductions on qualified charitable contributions for this year have been increased to:

100% of adjusted gross income for individual taxpayers who itemize their deductions. This is up from 60% of adjusted gross income for individual donors who itemize outside of the CARES Act.

25% of taxable income for corporations. This is up from the 10% limit generally applicable for corporations outside of the CARES Act.

(2) For individual taxpayers who take the standard deduction and do not itemize, the CARES Act allows for a $300 above-the-line deduction.

We recommend that you consult with your tax advisor on how these provisions affect your individual situation.

To make a gift that will have a direct impact on the health of our community, please visit uchealthnocofoundation.org/donate.