As 2022 comes to a close…

We’d like to extend our sincere gratitude to all who have supported our mission during what has been another year of explosive growth for No Foot Too Small! As the end of the calendar year approaches, we want to help you make the most of your 2022 charitable contributions.

Whether you’ve given to NFTS in 2022, or are considering a year-end gift, the information below can help you take advantage of time-sensitive tax benefits offered through the Coronavirus Aid, Relief + Economic Security (CARES) Act:

Donors filing itemized returns may deduct up to 100% of their 2021 adjusted gross income (AGI) for charitable gifts made in cash (increased from 60%).

Donors taking the standard deduction can claim a deduction of up to $300 (new since 2022, couples who are married, filing jointly can claim a deduction of up to $600) for cash contributions to charitable organizations like NFTS.

Donors aged 70 and a half years old or older can make a qualified charitable distribution (QCD) from individual retirement accounts. Donors may give as much as $100,000 per year directly from an IRA plan to a qualified 501(c)(3) nonprofit organization like No Foot Too Small and avoid paying tax on the distribution.

Donors making gifts of appreciated stock in 2022 may eliminate capital gains tax on the appreciated values and may deduct the fair-market-value of the appreciated stock.

We encourage you to speak with your financial and/or legal advisors about these opportunities. Thank you for financially supporting No Foot Too Small!