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Cause Connection March April 2020

Lehigh Valley Community Foundation eNewsletter Cause Connection

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<strong>March</strong>/<strong>April</strong> <strong>2020</strong><br />

Our Response to the COVID-19 Pandemic<br />

In this newsletter we update you, our donors and friends, on LVCF’s response to the impact of<br />

COVID-19 on the region. Please also check our website for updates: www.lvcfoundation.org.<br />

Overwhelming Community Response<br />

This newsletter comes about four weeks after our office closure, when our region drastically<br />

changed in a matter of days. The following weeks proved no different, as we and our neighbors<br />

became more deeply impacted by this pandemic. We invited you to consider a donation to the<br />

Lehigh Valley Community Foundation COVID-19 Response Fund to assist LVCF and its regional<br />

partners with supporting frontline nonprofits providing safety net services to individuals<br />

impacted by this crisis. This request was met with an overwhelming community response, for<br />

which we are so very grateful. We announced a $50,000 match, and I am happy to update you<br />

that we met this match, so the Fund currently holds over $100,000 in regional support!<br />

Additional $25,000 Match<br />

We now announce an additional $25,000 matching opportunity. The needs in our community<br />

will be great, and though $100,000 is an impressive number, we’ll need additional resources.<br />

Our goal is to help our community in the initial stages of this pandemic and beyond, in what<br />

could be months of rebuilding. With special thanks to the Fleming Foundation, we now<br />

have the opportunity to inspire our community’s continuing sense of generosity as our region<br />

recovers and rebuilds.<br />

Please visit our website www.lvcfoundation.org for more information on how to give to the<br />

LVCF COVID-19 Response Fund. Gifts received up to a total of $25,000 will be matched by the<br />

Fleming Foundation.<br />

What the Response Fund Grants Support<br />

LVCF’s COVID-19 Response Fund provides an opportunity for individuals to support a<br />

regional response effort and also to support other emerging issues in an informed way.<br />

The LVCF Fund will first support a regional, coordinated effort (the Greater Lehigh Valley<br />

COVID-19 Community Response Fund, or “GLV CV19 Fund”) to rapidly deploy resources to<br />

community-based, front line nonprofit organizations in the Lehigh Valley.<br />

A “Strategic Response Team” will determine the grants from this regional vehicle based<br />

on requests from nonprofits; the Team’s front-line knowledge of needs; and data from a<br />

recently-completed survey of nonprofits. In addition to contributing to the regional response<br />

fund, the LVCF Fund may make grants outside of the regional effort’s scope, and the LVCF<br />

Fund may direct resources to future phases of support.<br />

We are so grateful for your generosity, which touches so many lives.<br />

We’re here to answer your questions and to discuss how your support<br />

can make a difference in helping address COVID-19.<br />

Contact Erika Riddle Petrozelli at erika@lvcoundation.org.<br />

Greater Lehigh Valley COVID-19 Community<br />

Response Fund (GLV CV19 Fund)<br />

The GLV CV19 Fund aims to strengthen<br />

safety-net services for community members<br />

who are disproportionately impacted by<br />

COVID-19 in Lehigh, Northampton and Carbon<br />

counties. This includes older adults, people<br />

who are experiencing poverty or homelessness,<br />

families who live paycheck to paycheck,<br />

communities of color and those who speak<br />

English as a second language. This Fund<br />

provides a rapid, informed and coordinated<br />

approach to assessing community need and<br />

getting dollars where they are needed most.<br />

Guided by a community-led Strategic<br />

Response Team, one-time general operating<br />

grants will be awarded on a rolling basis. The<br />

Team includes representatives from funding<br />

organizations, local government, grassroots<br />

community organizing, community health and<br />

those who have expertise in the fund’s focus<br />

populations.<br />

The first phase of grants will focus on<br />

providing rapid and direct support to<br />

organizations that provide critical safety-net<br />

services including:<br />

• Services that are providing food access<br />

• Services for unsheltered residents and<br />

those at risk of homelessness<br />

• Supports for those who are economically<br />

vulnerable to mitigate the effects of<br />

reduced hours or lost jobs<br />

The Fund is open for requests on a rolling<br />

basis. The first round of grants is expected to<br />

be made within a week. The GLV CV19 Fund is<br />

managed and administered by the United Way<br />

of the Greater Lehigh Valley.<br />

Lehigh Valley Community Foundation | 840 West Hamilton Street, Suite 310 | Allentown, PA 18101 | 610.351.5353 | www.lvcfoundation.org


Make an Immediate Impact Through the CARES Act<br />

As you may know Congress has passed a series of bills to help with the effects of the COVID-19<br />

outbreak. The CARES Act (Coronavirus aid, relief, and economic security act) has some<br />

provisions that address the needs of the charitable sector, and we wanted you to be aware of<br />

some of the benefits of giving to non-profit organizations during this challenging time.<br />

New Above-the-Line Charitable Deduction<br />

Included in the CARES Act is a $300 above-the-line charitable tax deduction for certain<br />

qualified charitable contributions. This will allow taxpayers who do not itemize to receive<br />

a tax benefit for up to $300.<br />

• Taxpayers who do not itemize can claim a deduction of up to $300.<br />

• A qualified charitable contribution must be made in cash and cannot be<br />

made to certain charities, including donor-advised funds, supporting<br />

organizations, and nonoperating private foundations.<br />

• Applicable per tax return so a couple filing a joint return is limited to a<br />

$300 deduction at this time. Applicable to calendar year <strong>2020</strong> only.<br />

• Donors may give to a wide variety of charities. There is nothing in the bill<br />

that requires these donations to be paid only to charities working directly<br />

with coronavirus relief.<br />

The purpose of income tax provisions in the CARES Act is to encourage an<br />

immediate impact in the fight against COVID-19 and the economic fallout<br />

Increased Percentage Limitations for Charitable Contributions<br />

For taxpayers who itemize their deductions, the CARES Act temporarily suspends or increases<br />

certain percentage limitations for cash charitable contributions made during <strong>2020</strong>.<br />

• The 60% limitation on adjusted gross income (AGI) for cash gifts to public charities<br />

is suspended for qualified contributions, so up to 100% of AGI can be deducted.<br />

• This provision excludes contributions to donor-advised funds and supporting<br />

organizations.<br />

Estate Planning Attorney<br />

Nicholas Nanovic Joins LVCF’s<br />

Board of Governors<br />

LVCF recently named<br />

R. Nicholas Nanovic,<br />

partner at Gross<br />

McGinley, LLP, to its<br />

Board of Governors.<br />

Nanovic will serve<br />

on the Community<br />

Foundation’s<br />

Community Relations Committee.<br />

Nanovic leads Gross McGinley’s<br />

Wills, Trusts & Estates Group. He<br />

is an Accredited Estate Planner®<br />

by the National Association of<br />

Estate Planners & Councils and<br />

has extensive background in<br />

estate planning, trusts, estate<br />

administration, taxation,<br />

and business. Learn more...<br />

Consider a $300 donation to LVCF’s COVID-19 Response Fund to take<br />

advantage of a calendar year <strong>2020</strong> above the line charitable tax deduction<br />

LVCF is here to help you to make an impact with<br />

your philanthropic choices, so please contact<br />

us to learn more about current needs in our<br />

community and how LVCF charitable funds can<br />

support your goals.<br />

By Carrie Krug Nedick<br />

Donor Services and Program Associate<br />

carrie@lvcfoundation.org<br />

Visit www.lehighvalleyfoundation.org/<br />

about/annual-report and see all the<br />

names and numbers in the<br />

2018-19 LVCF Annual Report.<br />

<strong>Cause</strong> <strong>Connection</strong> <strong>March</strong>/<strong>April</strong> <strong>2020</strong>

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