How does the CARES Act impact my 2020 charitable giving?
The CARES Act expanded charitable tax incentives for the 2020 tax year, meaning you can give more to nonprofits like CSUF while reducing your tax burden. To learn more, watch this brief video:
The Central State University Foundation, an official 501(c)(3) non-profit organization, is authorized by the IRS to receive, invest, manage, and dispose of gifts, bequests, art, cash and securities, and other contributions in accordance with the educational objectives of the University and the expressed wishes and desires of the donors.
The Foundation has a fiduciary responsibility to manage gifted funds consistent with CSU Foundation Board approved by-laws, IRS regulations, and the expressed purposes for which it was given. As such all gifts received are considered irrevocable and cannot be returned to the donor or transferred.
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