PLEASE HELP US SAVE THE FRASER & UPPER COLORADO
Trout Unlimited is a national non-profit dedicated to protecting our cold water fisheries and environment. Our local chapter is located at the headwaters of the Colorado River, and works hard to protect the Colorado, Fraser and our other local rivers.
The Colorado Headwaters Chapter of Trout Unlimited welcomes your contributions. We are a 501(c)(3) corporation, so your contribution may qualify for a tax deduction. You can send us a check at:
Colorado Headwaters Chapter Trout Unlimited
PO Box 325
Fraser, CO 80442-0325
CARES Act Incentives For Giving
The new CARES (Coronavirus Aid, Relief, and Economic Security) Act is designed to help you, businesses and nonprofits facing economic hardship during the coronavirus pandemic.
Here are a few key provisions of the CARES Act that may affect you and your charitable goals:
Required Minimum Distributions Suspended
The new law temporarily suspends the requirements for required minimum distributions (RMD) for the 2020 tax year. This probably comes as a relief to many of you who would have had to withdraw from your retirement accounts. Many of our donors use their RMD to make a gift from their IRA. Despite the RMD suspension, remember that if you are 70½ or older, you can still make a gift from your IRA or name the Denver Museum of Nature & Science as a beneficiary.
Why a Gift From Your IRA May Still Be a Good Idea
Your gift will be put to use today, allowing you to see the difference your donation is making.
You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
New Tax Incentives
The CARES Act expands charitable giving incentives and allows taxpayers who take the standard deduction to make up to $300 of charitable contributions to qualified charities this year. You might think that this is a small amount and would not make a difference. But what if all of our donors gave “just” $300? Such support would have a huge impact on those we serve.
For those who do itemize their deductions, the new law allows for cash contributions to qualified charities such asTrout Unlimited to be deducted up to 100% of your adjusted gross income for the 2020 calendar year.
Click here to learn how we put your contributions to work to protect the Fraser and Upper Colorado.
As always, talk to your tax adviser about the impact of your charitable contribution on your unique situation!
Become A Member
You can also support us by becoming a member and attending or providing an auction item, for our only annual fundraiser, our Banquet in July at the Headwaters Center in Winter Park. We also invite members to attend our monthly board meetings. They're usually held the second Wednesday of each month in the Winter Park/Fraser area. Check our calendar for details. Start time is 6PM. We're an environmental organization, but beer and fishing stories normally happen at our meetings! Check the calendar for details or contact a board member for more info.
Be sure to check out our Facebook page!