CARES Act Changes to Charitable Giving for 2020
June 30, 2020
FOR IMMEDIATE RELEASE
Make a donation to the Addison Township Public Library Capital Campaign and increase your 2020 tax deduction with new provisions listed in the CARES Act
In response to the health crisis facing our nation, Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act in March 2020. In addition to providing individual stimulus checks, the CARES Act includes provisions that impact charitable giving.
Cash Gifts
Individuals who do not itemize their deductions can claim a deduction for up to $300 (up to $600 for a household filing jointly) in charitable giving. This new deduction reduces a donor’s adjusted gross income, resulting in a reduction of taxable income and tax savings.
100% Charitable Deduction Limit
For individuals who itemize, the usual deduction limit for cash gifts to public charities is 60% of adjusted gross income (AGI). For 2020, gifts of cash to charity are deductible up to 100% of AGI.
CARES Act charitable giving incentives only apply to cash donations made to public charities. Please see your accountant or tax advisor to determine the tax impact of your charitable donations for 2020.
New Building Funding Status
Details on the project status, building design, and our fundraising progress can be found on the website of the Addison Township Public Library Capital Campaign, www.letsbuildalibrary.org.
| Addison Twp. Library
Jaema Berman, Library Director 1400 Rochester Rd. Leonard, MI 48367 (248) 628-7180 |
Addison Twp. Library Board of Trustees
James Baldiga, President 1400 Rochester Rd. Leonard, MI 48367 |
The King Family Donates $4,000 For New Building Capital Campaign
June 25, 2020
FOR IMMEDIATE RELEASE
The King Family donates $4,000 For New Building Capital Campaign
The Addison Twp. Public Library is pleased to announce a donation of $4,000 received from the King family to support the New Building Capital Campaign.
The King family’s ongoing commitment and dedication to our community have inspired growth and driven the library forward,” expressed Jaema Berman, Library Director. Since 2011, The King family has actively supported the library through positions on The Library Board of Trustees and The Friends of the Library. Continue reading
Library Receives Technology Grant
FOR IMMEDIATE RELEASE
Addison Township Public Library Receives IMLS Grant, for Check IT Out: Tablet and Hotspot Lending Program
The Addison Twp. Library is pleased to announce that it has received a generous grant on April 16, 2020, from The Institute of Museum and Library Services to fund Check IT Out: Tablet and Hotspot Lending Program.
Response to Concerned re: Staffing for the New Library
We have recently become aware of talk from some in our community concerning how we plan to staff the new building with our current funding model. This is our response to those concerns.
Dear Concerned ~
It’s hard to predict the future. It would be disingenuous for the Board to pretend to be able to do so, however all of the Board members, the Library staff, and many of your friends and neighbors in the community believe that a newer and more comfortable library is worth the effort. Our new library will be an asset & a benefit to all current and future members of our community.
To address your concerns: though larger in size, we are planning to have the same amount of staff as our current building. The layout of the main desk and the shelves for the collection allow for an adequate amount of patron supervision & assistance. Our Library, your Library, currently has 1 Full-time employee and 12 part-time employees. Payroll represents 50% of our annual budget.
We also anticipate some savings in our monthly utilities due to modern building codes and the likelihood that a building built in the year 2020 would be significantly more energy efficient than the space we’re currently in.
There is a tremendous amount of support for a new library building in our township and enthusiasm continues to build. We invite you to come to our meetings to learn more about the project and get involved or donate if you can.
Thank you.
Addison Township Library Board
The Michael Flatt Foundation Makes $5,000 Donation to New Building Capital Campaign
January 24, 2020
FOR IMMEDIATE RELEASE
The Michael Flatt Foundation Makes $5,000 Donation to New Building Capital Campaign
The Michael Flatt Foundation, a long time supporter of the library, donated $5,000 on January 7, 2020, to be applied to our New Building Capital Campaign.
“The Michael Flatt Foundation’s ongoing commitment and dedication to our community has moved the library forward,” expressed Jaema Berman, Library Director. Since 2015, The Michael Flatt Foundation has given a total of $16,500 for a fiber optic cable, programming and the New Building Fund. Although the library receives public funding, The Michael Flatt Foundation has continued to provide additional financial support.
The Addison Township Library is honored to join with The Michael Flatt Foundation which shows a passion for literacy and a commitment to spreading the message of how influential libraries can be in a community. Through this donation, and others, we aim to build the first library ever built in Addison Township.
This significant contribution will help us reach our fundraising goal. Fundraising efforts however will continue until we’re able to meet the expected cost of the new building. Details on the project status, building design, and our fundraising progress can be found on the website of the Addison Township Public Library Capital Campaign, www.letsbuildalibrary.org.
| Addison Twp. Library
Jaema Berman, Library Director 1400 Rochester Rd. Leonard, MI 48367 (248) 628-7180 |
Addison Twp. Library Board of Trustees
James Baldiga, President 1400 Rochester Rd. Leonard, MI 48367 |