12 | EYEWORLD | SEPTEMBER 2021
ASCRS NEWS
Contact
Minhas: jminhas@ascrs.org
Many ways to give to the
ASCRS Foundation
Give online at www.ascrsfoundation.org/donate
or mail a check made payable to ASCRS Foun-
dation, 12587 Fair Lakes Circle, Suite 348, Fair-
fax, VA 22033. Checks and envelopes must be
dated and postmarked no later than December
31, 2021, for your contribution to be processed
in calendar year 2021.
Consider making a grant recommendation
through your donor-advised fund to the ASCRS
Foundation to help support its mission. The
Foundation's tax ID number is 23-7388748.
Your financial advisor can assist you in mak-
ing a stock or securities gift. Inform your broker
that you would like to make a gift of stock to
the ASCRS Foundation and connect with us at
info@ascrsfoundation.org for additional
information on completing your gift.
If you are 70.5 or older, you may be able to
take advantage of the IRA Charitable Rollover.
Talk to your financial advisor.
For more information or assistance making
your charitable contribution, visit www.ascrs.
org/foundation/ways-to-give or contact Molly
Gascoigne at mgascoigne@ascrs.org.
Charitable giving benefits
under CARES Act extended
The CARES Act expanded the deductibility of
charitable contributions, and in 2021 many
provisions were expanded, making this year a
favorable time to support the Foundation.
Individual taxpayers who take the standard
deduction may deduct charitable gifts up to
$300, and married couples who file joint returns
can deduct charitable gifts up to $600. Indi-
vidual taxpayers who itemize their deductions
may now deduct certain charitable contribu-
tions up to 100% of the taxpayer's adjusted
gross income. Prior to the CARES Act, taxpayers
were limited to deducting 60% of the taxpay-
er's adjusted income. Individual taxpayers can
continue to carry forward any excess charitable
contributions for 5 years, but the enhanced
100% deduction limitation is set to expire after
2021. In 2021, corporations may deduct charita-
ble gifts up to 25% of the corporation's taxable
income (increased from 10%).
This information does not constitute legal or
financial advice, and restrictions apply. Consult
your tax, legal, or financial advisor and obtain
professional counsel of an attorney to assist you.
continued from page 10
THE GIFT OF SIGHT
CHANGES LIVES
The pandemic has had a far-reaching effect on patients
in need. Operation Sight has been a vital safety net during
this crisis. Every day, the ASCRS Foundation receives
urgent inquiries for help as desperate patients look to
us to help change their lives. As patient need increases,
so does the need for vital funding to ensure the ASCRS
Foundation's programs can continue delivering life-
changing services. We hope you will join your fellow
members by making a tax-deductible donation.
Together, we can continue helping the thousands who
will depend on us to see clearly. Your giƒ of any size will
have an everlasting impact on someone's future.
Donate today! www.ascrsfoundation.org/donate
