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Gratitude. Joy. Tears. Those are the reactions that I shared with our newest homeowners at Habitat for Humanity of Chester County. In the past month, we welcomed 7 new families home. Handing them their keys, being in that moment, you could feel the impact of lives being changed. The beauty of a journey that comes from hard work, focus, and shared effort. The end product of a community of volunteers, donors, and staff working together to give others a hand up.
Looking forward to next year, we are on a path to hand those keys to more families than any in our history. The impact of the work you support radiates out from the family to the community and beyond. The growth of Chester County is directly linked to the ability of individuals to live in high-quality, affordable homes. I often tell small business owners that “you create employment, we create the employees”.
Finally, let me say how incredibly grateful I am to all of you that give of your time, talent, or treasure to support the mission of Habitat. We simply could not do it without you. I included some additional information below about how you can have a greater impact on a year-end gift to Habitat based on CARES Act.
Thank you and see in you 2021!
Year-End Gift For the 2020 tax year only, the CARES Act provides two new tax benefits for charitable giving: 1) allowing donors an income tax charitable deduction for cash gifts of up to 100% (up from 60% in previous years) of their adjusted gross income and, 2) for non-itemizers, an “above-the-line” deduction of $300 for individuals ($600 for married filing jointly). Also, although required minimum distributions from retirement accounts are suspended for 2020, donors who are 70 ½ and older may still make a qualified charitable distribution to charities like Habitat for Humanity of Chester County.