Ways to Give
During these changing and challenging times, learn more about the new giving environment benefits.
CARES ACT: NEW CHARITABLE GIVING BENEFITS
The CARES Act recently passed by Congress provides new charitable giving tax benefits when filing your 2020 taxes. Please take a moment to review the provisions that can benefit you and cherished nonprofits as you consider charitable giving during this time.
1) GIVE UP TO $300 AND GET AN EASY TAX BREAK
The new $300 tax deduction from the CARES Act is specifically for individuals that do not itemize and normally take the standard deduction. It allows for an “above-the-line” deduction of up to $300 per individual and $600 per couple for cash gifts donated to a charitable organization. This is an effective way to give and reduce your tax liability at the same time.
2) INCREASE ON CHARITABLE GIVING DEDUCTION CAP
For individuals and couples that do itemize, the cap on deductions for charitable gifts has increased from 60% to 100% of adjusted gross income (AGI). This allows you to deduct cash gifts equal to 100% of your AGI on 2020 taxes, significantly reducing your tax liability.
3) HIGHER TAX BREAK FOR CORPORATE CHARITABLE GIVING
The CARES Act also raises the annual cash charitable giving limit from 10% to 25% of a corporation’s taxable income, allowing corporations to extend their impact to nonprofit organizations needing financial assistance and/or helping support those affected by COVID-19.
Tax benefits only apply to cash gifts donated in 2020 to charitable organizations qualified by the IRS. Incentives do not apply to contributions towards private foundations or donor-advised funds. Read online here for more information.
Your Gift Impacts the Next Generation of Oklahomans!
Our commitment to Tell Oklahoma’s Story Through Its People to audiences statewide would not be possible without your generous support!
How can you help? The most impactful gift to the Oklahoma Hall of Fame is an unrestricted donation. This means that your gift will support any and all of the programs and services provided at the Gaylord-Pickens Museum, home of the Oklahoma Hall of Fame. Donations help provide 40+ Free Family Fun days, Free Field Trips for more than 5,500 students, publishing and distribution of 10,000+ books to public and school libraries, a scholarship program that awards $160,000+ to high school students, general operations of the Gaylord-Pickens Museum, and much more.
Ways to Give
The Oklahoma Hall of Fame gratefully accepts donations in any amount, and gifts can be made in a variety of convenient ways. Find the option that is the best fit for you.
Online Gifts – Online unrestricted donations are fast, easy, and secure. Join the nearly 1,000 donors who gave a gift last year to help impact more than 600,000 Oklahomans!
Cash or Check – If you would prefer, we also accept cash and checks. Checks should be made payable to the Oklahoma Hall of Fame. Donations can be mailed or delivered to: 1400 Classen Drive, Oklahoma City, OK 73106.
Recurring Gifts – Recurring gifts are the easiest way to provide consistent support. Set up an automated monthly gift to fit your budget and still make an impact on the lives of Oklahomans
Friends of the Medallion Giving Society – Join the Friends of the Medallion giving society to help us tell the stories of extraordinary Oklahomans and enjoy special benefits. More information can be found here.
Employer Matching – Double your impact by having your employer match your charitable contribution. Many companies match your donation to a nonprofit…you just have to ask!
Legacy Donor Program – Planned gifts through a bequest in a will is the most popular type of planned gift, the easiest to make, and costs nothing during the donor’s lifetime. Learn more about the Legacy Donor Program, types of planned gifts, and how to get started today. Contact Director of Development, Michelle Sopp, at 405.523.3207 or firstname.lastname@example.org for more details.
Endowed Gifts - Endowments are powerful investments in the future of the Oklahoma Hall of Fame and the programs we offer. Endowed gifts are unique because they’re invested and each year a percentage of the return is made available to support specific programs.
We are also accepting endowed gifts as part of a Planned Gift or for Endowed Scholarships for each of the 77 Oklahoma counties. For information on endowing a gift, please contact the Director of Development, Michelle Sopp, at 405.523.3207 or email@example.com.
In-Kind Gifts – In-kind donations make a significant impact on the bottom line of an organization by decreasing cash expenses. The Oklahoma Hall of Fame accepts in-kind gifts consistent with our mission. Please contact the Director of Development, Michelle Sopp, at 405.523.3207 or firstname.lastname@example.org.
Inspire the next generation of Oklahomans by donating today! For information about becoming a supporter of the Oklahoma Hall of Fame and Gaylord-Pickens Museum, please contact Director of Development, Michelle Sopp, at 405.523.3207 or email@example.com.
Donor Privacy Statement
The Oklahoma Hall of Fame values and respects the privacy of its donors, partners and other stakeholders. The Oklahoma Hall of Fame will never sell, rent, or exchange mailing lists. All confidential information which a donor would reasonably expect to be private will be safeguarded and not be made public. Requests by donors to remain anonymous will be honored.
For questions please contact Director of Development, Michelle Sopp, at 405.523.3207 or firstname.lastname@example.org.