DONATE AND CHANGE LIVES
CARES ACT PROVISIONS: THE GOOD NEWS FOR CHARITABLE GIVING
The law allows an above-the-line income tax charitable deduction of $300, or $600 for married filing jointly.
This is new. We have never had a universal charitable deduction before. It applies only to gifts of cash. It’s also a permanent provision which applies to gifts made in 2020 and each year thereafter. While on its face this isn’t a large tax break, the fact that it would reduce adjusted gross income could lead to a reduction in the applicable tax rate and much larger savings. A non-itemizing individual can now deduct up to $300 in cash charitable contributions in addition to claiming the standard deduction of $12,400. For married filing jointly the deduction is $600 with a $24,800 standard deduction.
For individuals who itemize in 2020, the cap for their charitable deduction on gifts of cash increased from 60% of adjusted gross income (AGI) to 100% of AGI.
A donor who uses all of her/his available deduction for qualified gifts would pay no federal income tax in 2020! She could also elect to carry over any unused portion for up to five years. This provision only applies for the 2020 tax year, and this makes the next nine months an unprecedented time for donors to make that gift-of-a-lifetime, endow a scholarship or create another fund that relates to their unique charitable interests. If you have been considering making your legacy a reality, then 2020 presents an ideal opportunity to make it happen with unprecedented tax savings.
For corporations, the cap on their charitable deduction for gifts of cash increased from 10% of the corporation’s taxable income to 25%.
This provision only applies for the 2020 tax year as well, and it sets up a one-time opportunity over the next nine months to have a special impact on our community at this time of great need and suffering. The incentives for our corporate community to partner with nonprofit organizations and have an immediate impact on the lives of others has never been better.
DONATE TO CHANGE A LIFE AND CREATE TRANSFORMATIONAL CHANGE IN OUR REGION
Only 10% of low-income, first-generation to college individuals complete a college degree. KC Scholars can change that for our region and you can be part of that change.
Most Scholars say that without KC Scholars they would not have attended college. Your donation can change a life!
KC Scholars provides the means – through scholarships, financial incentives to promote college savings, and support services – for low- and modest-income students and adults needing access to pursue and complete a college degree. By doing so, KC Scholars will increase the Greater Kansas City postsecondary graduation rate, workforce pipeline numbers, and civic engagement. KC Scholars will make at least 700 awards annually (250 traditional, 200 adult learner, up to 250 college savings match).
Watch Scholars being awarded at May 1st surprise award ceremonies and you will be inspired to donate!
HOW TO DONATE
Don’t wait. Donate now. Paying for college is the greatest barrier to those who might have otherwise attended. KC Scholars provides hope and opportunity by making college possible for thousands.
Everyone can contribute to the success of KC Scholars and the students and adult learners it supports. 100% of donations go directly to scholarship support, enabling KC Scholars to award even more scholarships in future years.
Donations as little as $50 are accepted and we encourage larger, multi-year donations. Donors receive a statement for tax purposes.
If you prefer to visit in person about a potential donation, please contact Director of Development, Jessica Rhodes.
NAMED SCHOLARSHIP OPPORTUNITY
Individuals and organizations who wish to provide scholarship funds may do so in a manner that allows them to (1) leverage funds already committed by other donors and (2) retain their name so that the recipients will know who provided funding for the scholarship.
The named scholarship will be awarded with both the KC Scholars name and the donor’s name.
Named scholarship opportunities are available for a commitment of $2,500 a year for 5 consecutive years.
Named scholarships were introduced at the public launch of KC Scholars on September 28, 2016 as an inaugural vehicle to provide the opportunity for community investors to make significant early commitments to the program and to name the scholarship in honor of someone and/or the contributing individual or entity. To learn more about this opportunity, contact Director of Development Jessica Rhodes at jrhodes@kcscholars.org.
DONORS
100% of donations go directly to support additional scholarships.
The KC Scholars’ funding model provides the opportunity for community members to donate so that even more scholarships are awarded each year. 100% of donations fund additional scholarships for low- and modest-income students and adult learners from our region.
Donors with an * after their name are Inaugural Donors that donated between program launch and June 30, 2018. KC Scholars secured a recognizable and respected group of community leaders as inaugural donors. They were memorialized as inaugural donors in perpetuity. Because of their generosity and belief in the program mission and impact, KC Scholars exceeded its early fundraising goals.
It is through ongoing support of the community that we will ensure that KC Scholars creates significant impact to the region’s workforce and economy. We appreciate our funders and thank them for providing college opportunity to those that otherwise would likely have not attended or completed college.
- 1Million Project Foundation
- Academy Bank
- Ad Astra
- Mauli & Sue Agrawal
- Anonymous (12)
- Arvest Foundation
- Ash Grove Charitable Foundation
- Ashley Anderson*
- Avila University*
- Catherine R. and Leslie L. Liebenau Charitable Fund
- Ayco Charitable Foundation
- Charlie & Dorothy Aylward
- Backstrom Family Foundation*
- Ibraheem Badejo
- Nancy Barber
- Barkley
- Catherine Bartlett & William Crain
- Zulema & Terry Bassham
- Chris Beggs
- Angie Besendorfer
- Jim & Kathy Betterman
- Todd & Julie Bickel
- James Blau
- Barbara & Robert Bloch
- Blue Cross Blue Shield of Kansas City*
- John & Nancy Bowen
- Jenn Bradford-Reasbeck
- Ben Bradley*
- O. Maxine & Lloyd Briggs
- Loretta M. Britton Charitable Fund
- Amy Brown*
- Howard & Edie Brown – Jacob & Frances O. Brown Family Fund
- Michael & Eva Brown – Jacob & Frances O. Brown Family Fund
- Robert Buckley*
- Claudia Burford
- Kathryn Bussing
- John Cadwalader*
- Ruth Cain
- Carl S. Privitera Sr. Trust
- Michael & Dr. Karmel Carothers
- Nat & June Cassingham
- Cerner Charitable Foundation
- Johanna Chavez*
- Charles L. Abrams & Evelyn R. Abrams Philanthropic Fund of the Jewish Community Foundation of Greater Kansas City
- Maria Chaurand*
- David & Barbara Christianson
- John Christie
- Joan Cohen
- Constance M. Cooper Charitable Fund
- Pat & Virginia Clune
- Ralph & Jan Cohen
- Colliers International*
- Karen Collins*
- CommunityAmerica Foundation*
- Community Services League*
- Condon Family Foundation*
- Continental Siding Supply
- Monica Copeland
- Angel Craig
- Michelle Cunningham
- Deborah Smith and Mark Myron Family Foundation Fund
- Austin Dicken
- CSL: Anonymous Donor
- CSL Scholars: Midland Scholarship
- Kathleen Boyle Dalen*
- Deloitte LLP
- Sam DeVilbiss
- Dave & Dee Dillon Charitable Fund*
- Elizabeth Dorfman
- DRAW Architecture + urban design
- Penny & David Doty
- Martha Doty
- Dunn Family Foundation*
- Bill & Jean Dunn
- Ernie & Rose Dunn
- Terrence & Peggy Dunn*
- Roger A. & Corinne R. Durkee Fund
- Samantha Eads
- Susan Eck
- Debbie & Alan Edelman
- Edward F. Swinney Trust
- Tammy & James Edwards*
- EL Stoley Scholarship Fund
- Emily Elkins
- Theresa Ellsworth
- Enid & Crosby Kemper Foundation
- Enterprise Bank & Trust*
- Enterprise Holdings Foundation*
- Enterprise Holdings Lsng Co- Kansas LLC
- J'Nan & Nick Erker
- Laura & David Evans
- Ewing Marion Kauffman Foundation*
- Lisa Feingold
- Spencer Fields
- Michael & Melissa Fitkin
- Gery Flattery*
- Fort Osage Education Foundation
- Francis Family Foundation
- Frank Lipsman & Janet Mark Fund
- Sandi & Ed Fried Family Donor Advised Fund of Jewish Community Foundation of Greater Kansas City
- Frank & Sondra Friedman
- Latasha Frazier
- Terry Garberg
- Sophia Garcia*
- Gautreaux Family Foundation*
- James & Linda Gibson
- Girson Family Foundation
- Global Prairie*
- Julie & Max Goldman
- Grain Valley Education Foundation
- Greater Kansas City Community Foundation
- Lacey Graverson*
- Susan Gray*
- Guadalupe Centers
- Wendy & Dean Guillies*
- Tonya Guinn*
- Hallmark Cards, Incorporated
- Jim & Sharon Hannah
- Jackie & Brent Hathhorn
- Michael & Sylvia Haverty
- Helen S. Boylan Foundation*
- Shirley & Barnett Helzberg Foundation*
- Keith Herron
- Hickman Mills Educational Foundation*
- Hile Family
- Elizabeth & John Hjalmarson
- Hockaday Family Fund*
- Hollis + Miller Architects
- Karrin Huhmann*
- Hunt Family Foundation
- Husch Blackwell*
- John & Jennifer Isenberg Philanthropic Fund
- Steve & Joan Israelite*
- Anthony Ivory*
- Camry Ivory
- Larry Jacob, Jr.*
- J.C. Nichols Company Charitable Trust
- Jedel Family Foundation
- JE Dunn Construction Co.*
- Beverly & Justin Johl
- Bob & Diane Johnson
- Jeainnie Johnson
- Amy Jordan*
- Chuck & Deidra Kandra
- Elizabeth Kane
- Kao Family Foundation
- KCP&L/Evergy*
- KC Global Design
- Shane Kavanagh
- Kearney School District Education Foundation
- Christine & Sandy Kemper Family Foundation*
- Jesika Ketchum
- John & Nancy Kimak*
- Jan & Tom Kreamer*
- Craig Krueger
- Garland & Sarah Land
- Leawood Elementary 5th Grade Class*
- Leawood Rotary Club
- Benny & Edith Lee*
- Al Lefko*
- Larry Lester
- Lockton Companies
- Mary Long
- Babs & Bill Lowenstein Donor Advisory Fund of the Jewish Community Foundation of Greater Kansas City
- Samantha Love*
- Debbie Lubin
- Carmen Mallery
- Mary Elizabeth Martin Scholarship Trust
- Keith Mays*
- Jeremiah McCluney
- Felicia Medellin
- Mary & Gary Meissner
- Lynne Melcher
- Sara Merker
- Metropolitan Community College
- Cheryl McConnell*
- Sue McCord-Belzer & Irv Belzer*
- McCown Family Foundation*
- McCownGordon Construction
- Donna McDaniel
- Mary McLean & Rita Cortes*
- Traci Meldrem
- Ashley Miller-Scully
- Missouri Scholarship & Loan Foundation*
- Kate & John Mitchell
- Debbie & Steve Mitchener
- David Monchusie
- Emily Monchusie
- Robyn Monchusie
- MRIGlobal
- Holmes Murphy
- Paige Murray
- Patrick & Mary Beth Musick
- New Frontier Educational Foundation*
- Tyler & Leigh Nottberg*
- Garold & Evelyn Oliver*
- Elizabeth O’Shaughnessy
- Marta Padula*
- Peculiar Charitable Foundation
- PNC Financial Services Group
- Carl Pelofsky*
- Lisa Pelofsky*
- Mark Pelofsky & Kari Tannenbaum*
- Chris Perkins*
- Zachary Pierce*
- Amy & Dallas Polen, III*
- Annalie Polen
- Bryce Presko
- Preservation of Affordable Housing (POAH)*
- Andrea & Kent Price Family Foundation
- Rachel Price
- Prier Charitable Foundation
- Prosperity Now 1:1 Fund
- R & C Charitable Foundation*
- Ralph L Smith Foundation
- Marilyn Rainen
- Helen Regan
- Victor & Helen Regnier Fund*
- Jess Rhodes
- Betsy Ridenhour
- Michael Roane
- Rockhurst High School
- Bonney Root
- Sandra Ross
- Rotary Club of Independence
- Veronica Ruiz
- Kelly Russell
- Sam Sabaugh
- Valerie Salazar
- Angie Salmon
- Lucy Santoyo
- Scheels
- Mike & Cathy Schultz*
- Jane Schulz
- Angela Schweller
- Catherine Scully
- Seaboard Foundation
- Sue Seidler Nerman*
- Shirish & Rashmi Shah*
- Peter & Amy Shapiro
- Wendy Shaull
- Sherman Family Foundation*
- Shook, Hardy & Bacon L.L.P.
- Paula & Rick Shteamer
- Ronald & Suzanne Slepitza*
- Matt & Lindsey Smith
- David & Nola Soper
- The Sosland Foundation*
- Morton & Estelle Sosland*
- Mary Kay & Brad Speaks
- Spire*
- Sprint Foundation*
- Susan Stanton
- Stephen Statler
- Linda Steeves-Haith
- Michael & Lonna Stolper
- Marquita Story
- M. Jeannine Strandjord*
- Kaylee Sundeen
- Seth Sundeen
- David Ta
- Beth Tankersley-Bankhead*
- Lilli Taylor
- The Bicknell Family Foundation II Fund, a Donor Advised Fund of the Signatry
- The Cloud L. Cray Foundation
- The George K Baum Family Foundation*
- The Gerson Family Foundation
- The Harley-Davidson Foundation*
- The Edward G. and Kathryn E. Mader Foundation
- The Mariner Foundation Fund, a Donor Advised Fund of the Signatry
- The Ronald D. Deffenbaugh Foundation*
- The Stanley H. Durwood Foundation*
- Allan & Karen Thompson
- Eric Thompson
- Liza & Guy Townsend*
- Laura Trybom
- Candice Uhlig*
- Chris Uithoven
- University of Missouri-Columbia (MU)
- UMKC
- University of Missouri System
- Ana Valdez
- Kenna Valentine*
- Van Horn High School Alumni Association
- Veterans United Home Loans
- LB & Sandra Vierling
- Village Presbyterian Church
- Vynamic
- Karyn Dave & Shawn Walden
- David & Julie Warm*
- Cherelle Washington
- Danielle Washington
- Denise Washington
- Shari Wassergord*
- Carolyn Watley*
- WdS Educational Foundation*
- Sandra Weaver
- William D. Sullivan Family Foundation
- India Wells-Carter*
- Jenny Wickens
- Paul Wickens
- Daniel Wilusz
- James & Marilyn Witkop
- Jean-Paul Wong*
- Bryan Woodson
- Jonn Wullschleger