516 Project Update 4-22-2020

 

We want to make sure you stay up to date on how 516 Project is Being the Light to our community. 2020 is off to an interesting start. Though our country and region are experiencing some turmoil due to COVID-19, we are still working hard to serve those in need and most importantly, to share the love of Jesus. God opened doors for us to serve and we’ve been able to continue doing exterior projects. Over the past several weeks we’ve installed multiple wheelchair ramps, repaired roofs, replaced a roof, added handrails for safety and much more. Thanks to your generosity, we’ve utilized donated funds for tools and materials needed to complete these projects. We’ve also been able to provide food and other resources for several families we served.  

We also wanted to update you on some updated tax benefits to charitable giving.  

 

The CARES act makes substantial changes to the 2020 tax year: 

  1. Above the Line Deduction – If you do not itemize, previously you could not deduct charitable giving.  However, now with the CARES act, you can deduct $300 of your contributions prior to your standard deduction. 
  1. Increased Deductions – For those who itemized, previously, you could only deduct 60% of your adjusted gross income.  CARES act increases this limit to 100%.  This means if you typically spread out a large gift over two years to take advantage of the deduction, you may want to look at including it in one year instead.  Anything over 100% can be carried over to the next 5 years. 
  1. Corporation Benefits – Previously, corporations could deduct 10% of their taxable income.  This has been increased to 25%.  Anything above can be carried over to the next 5 years. 

 

We are not tax professionals or CPA’s, so please discuss these with the tax professional you use for more details. 

 

We want you to be part of our team. In 1 Peter 4:10, Peter tells us to use the gifts God has given us to minister to one another. 516 Project tries to live out this calling with each project we take on. Thank you for joining us on this journey to share the love of Jesus! 

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Thank You For All You Do!

If you prefer to send a check our mailing address is:

516 Project, Inc.
10908 Courthouse Rd. Suite 102148
Fredericksburg, Va. 22408

We Need Your Help

Together we can Build Access to Hope! That has become our slogan, but it rings so true especially as we approach year end. 2022 has been an incredible year of sharing the love of Jesus and Building Access to Hope.

During 2022, 516 Project teams have provided over 9,500 hours of volunteer labor. Over 340 people in 5 different states served and shown the love of Jesus. 21 families now have safe wheelchair access to their homes thanks to their new ramps. 14 families have safe access to their bathrooms through handicap accessibility remodels. Our teams have responded to hurricanes, floods and tornadoes to help families find hope in the aftermath.

The families we serve often feel overwhelmed. They can’t afford the work needed and they don’t have the physical ability to do it themselves. They need our help. They need us to Build Access to Hope!

We are asking you to join our Hope Offering