The CARES Act allows taxpayers to donate to charitable organizations that are making important contributions to their community while getting the taxpayer a one-time benefit this tax year in return. In a typical year, only those who itemize their deductions can take a deduction for charitable contributions. The new $300 deduction from the CARES Act, on the other hand, is specifically for those who do not itemize their deductions and would typically not get any tax benefit for donations.
In plain English, if you donate up to $300 in cash (up to $600 for married couples filing jointly) to a qualified organization, your taxable income will be reduced by your donation amounts. You do not have to itemize, it is in addition to your standard deduction. That ultimately lowers your tax bill—and you can still claim the standard deduction as well.
One qualified charitable organization that you should consider contributing to is the Greater Bandon Association. It is celebrating 10 years of helping build our community and our local economy. But you will need to make your contribution by December 31, 2020 to receive this one-time tax benefit.
The Greater Bandon Association has worked over these past ten years to help make Bandon an even more enjoyable place to live. For example, GBA been a part in achieving the following:
- The town’s appearance:
- Community cleanup campaigns;
- Introduced the City’s Façade Improvement Forgivable Loan program which has provided over $200,000 in building improvements and signage both in and outside of Old Town;
- Partnering on public safety:
- Signage, lights for pedestrians/bicyclists on Bullard’s Bridge, the narrowest on Highway 101;
- Raised $6,600 in donations for the coming 9th Street Crosswalk.
- Retaining Bandon’s most precious assets.
- $300,000 in grants to repair and repaint the Masonic Building and place it on the National List of Historic Places.
- Community gatherings that show off local businesses, venues and attractions:
- Alive After Five;
- Night of 10,000 Lights;
- Music In The Park;
- Partnering to strengthen Bandon’s economy:
- Putting heads in beds during the off-season with the Gorse Blossom Festival;
- Bicyclists can repair their bicycles, store their belongings and charge their electronics while they shop Old Town at the Repair and Rest Stop;
- Created a relief fund for Bandon Dunes caddies, a large part of the local work force, when they were out of work and unable to receive benefits because they were independent contractors.
- Serves as a fiscal sponsor and agent for causes and groups that are working to meet community needs:
The Greater Bandon Association does not accomplish this work alone but by engaging dozens of volunteers and partner organizations in the community. It serves as a catalyst so that these community priorities move forward to completion.
This work continues into hopefully what will be a brighter 2021 for us all. Among the community priorities it will continue to engage in include:
- Workforce housing
- Flower Baskets for Old Town
- Pedestrian/Bicycle pathway between Old Town and South Jetty Park along river.
- Wayfinding signage
- Gaps on Oregon Coast Trail including Bullard’s Bridge, Riverside Drive
- Downtown building repair and restoration
- Attracting new entrepreneurs, retaining existing business to meet the needs of local residents.
As you ponder making a year-end charitable contribution and taking advantage of this tax benefit, we hope you will consider the work of the Greater Bandon Association. You can donate on-line to our Facebook page “Greater Bandon Association” or to our website www.greaterbandon.org. You can also contribute with a check to the Greater Bandon Association at PO Box 161; Bandon, OR 97411.