How Will You Be Remembered?
Many people like to leave a gift to charity through their will or trust because they care about the organizations that are important in their lives and they wish to express their values.
Would you consider remembering the Saint Louis Zoo in your will or trust, or by beneficiary designation?
Help shape the future of the Saint Louis Zoo with your legacy gift!
CARES Act Tax Incentives Extended for 2021
Timing is perfect to take advantage of tax-wise CARES Act (Coronavirus Aid, Relief, and Economic Security) incentives for charitable giving before December 31, 2021.
A couple of key provisions were extended into 2021 (and, in one case, increased). Contact your advisor for the best way to give and enjoy tax savings.
Here's what the stimulus package means for you:
Tax Incentives When You Give to Charity
- An expansion of the universal charitable deduction for cash gifts
The universal charitable deduction has not only been extended but given a well-deserved upgrade. The new deduction is $300 for single filers and $600 for married couples filing jointly. This is available to taxpayers who take the standard deduction. This tax incentive is available for cash gifts to qualified charities (but not to supporting organizations or donor advised funds).
- An extension of the cap on deductions for cash contributions
Contributions to public charities are generally limited to a percentage of a taxpayer's adjusted gross income (AGI). The CARES Act lifted the cap on annual contributions for those who itemize, increasing it from 60% to 100% of AGI for 2020 (and now for 2021). Any excess contributions available can be carried over to the next five years. (For corporations, the law raised the annual limit from 10% to 25% of taxable income.)
Saint Louis Zoo Heritage Society
The Heritage Society recognizes donors with legacy gift plans for the Zoo's future through the Endowment Fund. This voluntary recognition society connects those who love the Zoo and want to support it forever. If you are planning to remember the Zoo in this way, we invite you to become a member.
Saint Louis Zoo Endowment Fund
Established in 2004, the Zoo's Endowment Fund provides an annual stream of support to Zoo operations, camp and preschool scholarships, animal care, landscaping, visitor amenities, volunteers and staff. Named endowed funds may be established in one's name or to honor loved ones. Read about those who have established named funds to benefit the Zoo in perpetuity.