Giving to Mount Marty
A Message from Vice President Barb Rezac
April 1, 2020
These are difficult times for everyone. We find ourselves in uncharted waters while we watch our alumni - healthcare providers, educators and small business owners - upholding the basic needs of our society. In order to keep fulfilling our mission which is educating our future workforce, we need your help. We want to let you know about a few key provisions of the new CARES (Coronavirus Aid, Relief, and Economic Security) Act. This new law is designed to help you, businesses and nonprofits facing economic hardship during the coronavirus pandemic.
The new law temporarily suspends the requirements for required minimum distributions (RMD) for the 2020 tax year. This probably comes as a relief to many of you who would have had to withdraw a greater percentage of your retirement accounts. Many of our donors use their RMD to make a gift from their IRA. If you are 70½ or older, you can still make a gift from your IRA or name us as a beneficiary. In addition, there are some new ways you can receive financial benefits and help organizations like us.
The new law allows all taxpayers to take a charitable deduction of up to $300, even if you do not itemize. You might think that this is a small amount and would not make a difference. But what if all of our donors gave $300? Such support would have a huge impact on those we serve.
For those who do itemize their deductions, the new law allows for cash contributions to qualified charities such as ours to be deducted up to 100% of your adjusted gross income for the 2020 calendar year.
We are so grateful for your generosity, which touches—and changes—so many lives. Please contact me at email@example.com or 605-760-4341 to discuss how your gift can help further our mission.
Vice President for Mission and Advancement
Mount Marty College
P.S. Good news - we have more incoming students seeing the value of a Mount Marty education. Our admitted students are up 50% over last year at this time. It’s wonderful to know we have young people who are willing to provide our future health care, education and small businesses. And more positive news - our field house and new residence hall are still on track to be finished this summer.