The Indian Hill Foundation puts our community's philanthropy to work innovating, accelerating and enriching what is happening in our classrooms and strengthening the connections between the district and the community. The Foundation achieves its purpose with the help of Alumni, Parents and the Community.
We have the opportunity to ask "What if?" "What's possible?" "What's next?" for our district and the mission to fund the answers.
We would like to remind our donors that during this unusual time, the Coronavirus Aid, Relief and Economic Security Act (the "CARES Act") has temporarily greatly increased the tax-deductibility of donations. For those donors that itemize their taxes, the CARES Act has raised the deductibility cap from 60% to 100% of adjusted gross income such that you may be able to write off your entire charitable donation. And for those taxpayers that do not itemize their deductions, you may still be able to write off upwards of $600 of your charitable donations despite still using the standard deduction. The window for taking advantage of these tax advantages closes on December 31, 2020. The Indian Hill Foundation does not give tax advice and encourages you to discuss your charitable donations with your tax advisor to best utilize these temporary benefits.