Adding Life to Years Online Auction
The auction will open for bidding on Friday, September 25 at 6:00 a.m. and close on Sunday, October 4 at 11:59 p.m. Proceeds to fund PPE and other COVID-19 related expenses to keep residents and staff safe at Aldersbridge Communities’ four locations throughout Rhode Island: Linn Health and Rehabilitation (East Providence), Winslow Gardens Assisted and Independent Living (East Providence), Arbor Hill Assisted Living (Providence) and St. Germain Assisted Living (Woonsocket).
Thank you to our Sponsors:
Brennan, Recupero, Cascione, Scungio, McAllister LLP
Employee Community Services Association, General Dynamics Electric Boat Quonset Point
Neighborhood Health Plan of Rhode Island
If you want to showcase your business with a donation joining Starkweather & Shepley and BayCoast Bank, click the tab below to learn more about our advertising opportunities.
Call Elise Strom at 401-438-4456 or email email@example.com to support the auction.
The new Coronavirus Aid, Relief, and Economic Security (CARES) Act, passed by Congress recently, offers 3 charitable giving deduction opportunities for donors:
1. Universal Charitable Donation: Whether you itemize or not, this provides for a deduction of up to $300 in cash. If you make a donation to Aldersbridge Communities in the year 2020 or after, you will not have to pay taxes on it. Gifts made are eligible for above-the-line-deduction on your tax return, in addition to the standard deduction.
2. Cash Contribution Caps Lifted: Donors who itemize can give more as a percentage of their adjusted gross income and still benefit from a tax deduction. The percentage limitations for cash gifts are relaxed/suspended, so 100% of your AGI can be deducted for 2020.
3. RMDs Suspended: Required minimum distributions (RMDs) from qualified retirement plans, including IRAs, are suspended. There will no longer be a $100,000 limit on the amount allowed to transfer to charity from your IRA. You can sell assets (above the amount of RMD) and distribute/donate to a charity like ours in cash – and realize an offsetting income tax deduction for the full amount.
Please show you CARE by making your cash gift to Aldersbridge Communities today.