Donate

Donate

Below are the ways you can support us by donating today.

Only 50% of our annual budget comes from ticket sales, the remainder comes from generous gifts and donations from supporters like you. Thank you for supporting our mission to educate, entertain and enrich lives through live performing arts!

GENERAL GIVING


Your Support is Greatly Appreciated

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ENDOWMENT


These Funds will be held at the Shiawassee Community Foundation to ensure the sustainability of the Lebowsky Center for Performing Arts for future generations.

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Donation information


NEW DEDUCTION AVAILABLE

Up to $300 per taxpayer ($600 for a married couple) in annual charitable contributions. This is available only to people who take the standard deduction (for taxpayers who do not itemize their deductions). It is an “above the line” adjustment to income that will reduce a donor’s adjusted gross income (AGI), and thereby reduce taxable income. A donation to a donor-advised fund (DAF) does not qualify for this new deduction.


NEW CHARITABLE DEDUCTION LIMITS

As part of the bill, individuals and corporations that itemize can deduct much greater amounts of their contributions. Individuals can elect to deduct donations up to 100% of their 2020 AGI (up from 60% previously). Corporations may deduct up to 25% of taxable income, up from the previous limit of 10%. The new deduction is for gifts that go to a public charity, such as Make-A-Wish. The old deduction rules apply to gifts to private foundations. The higher deduction does not apply to donations directly to a DAF.


REQUIRED MIN. DISTRIBUTIONS WAIVED IN 2020 FOR MOST DONORS

Required minimum distributions (RMD) that would have had to start in 2020 do not have to start until 2021, including distributions from defined benefit pension plans and 457 plans. This change will dampen somewhat the incentive for a donor to make a qualified charitable distribution (QCD) from their IRA in 2020. Even so, making a QCD this year will still allow itemizers and non-itemizers alike to direct up to $100,000 from their IRA to charities in a tax efficient manner.


Remember to consult your Tax Professional 

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