-Kye Young, VP of Partnerships and Development
The holiday season is upon us and, with it, a time to reflect on the past year and our hopes for the future. Realizing our hopes for the future — a safe and healthy climate — is only possible with the continued generosity of our community.
In many ways, 2021 mirrored 2020. A global pandemic persists, political differences continue to divide, and communities worldwide are emphatically calling for increased action to reverse the devastating impacts of a changing climate.
Though these and many other issues can feel overwhelming, there is reason for hope. A growing sentiment is that a post-pandemic society must not simply return to normal, but rather we must “build back better” — that is, to look deeply at our collective challenges and to move forward, doing and being better. If there is anything positive that I take from the challenges of recent years, it is that small actions can add up to big changes, and if we commit, we can make those changes, even if they seem lofty and unattainable on the surface.
Here at the Foundation for Climate Restoration, we are surrounded by a growing community building a better world for our children, grandchildren and future generations. For us, it all starts with restoring the climate through education, advocacy and solutions.
Thanks to our generous supporters, we have grown the movement across the board. From launching our Youth Leaders for Climate Restoration program in March, to growing our local chapters community globally, the actions required to restore the climate are being mobilized. We believe that in 2022 we will have a chance to significantly impact policy and broader awareness of the urgent need to remove legacy CO2 from the atmosphere.
Any goals we accomplish will only be achieved through continued engagement by our community. As the year closes, I wanted to share various ways you might consider supporting F4CR.
Support our Year-End Matching Gift Campaign
Thanks to the generosity of an anonymous donor, every contribution you make to F4CR between now and 11:59 pm PT on December 31 will be matched up to $50,000. In other words, every donation will have double the impact. Please consider a donation here. You can even donate in honor of a loved one as a holiday gift.
For those that prefer old-fashioned checks, you can send your contribution to F4CR at:
Foundation for Climate Restoration
℅ Gifts Processing
952 S Springer Rd
Los Altos, CA 94024
CARES Act Tax Deduction Benefit
Through 2021, supporters who itemize when filing their tax returns can benefit from an increase in the deduction limit up to 100% of a donor’s adjusted gross income (AGI) for cash gifts.
Previously, the deduction was capped at 60% of AGI. Therefore, donors who make a gift of cash will be able to deduct more this year.
Additionally, supporters who do not itemize when filing their tax returns, but make a gift to charity, will be allowed to take a special tax deduction up to $300 ($600 for couples filing jointly) to reduce their tax liability. A tax-deductible receipt will be generated when you make a contribution here.
IRA Qualified Charitable Contributions (QCD)
Supporters age 70½ or older may make a gift of any amount, up to $100,000 per individual ($200,000 for couples with individual IRA accounts), from your IRA without paying income tax on the donated amount.
For supporters who have a Required Minimum Distribution, making a gift directly from your IRA to the Foundation for Climate Restoration (EIN 82–3487365) will satisfy that requirement. Note that the QCD can only be made from IRAs — not from company plans.
For those who have personalized checks for their IRA account, contact me at Kye@f4cr.org for specific information to ensure their wishes are met.
If you are interested in donating stocks/securities or similar assets that you have owned for more than one year, you are entitled to a charitable income tax deduction based on their current value. You also avoid the capital gains tax that you would have paid if you sold the stock.
Because the value of these assets may have increased significantly over time, your tax savings may be sizable. Again, please contact me at Kye@f4cr.org if you have any questions.
Thank you again for your interest and commitment in restoring the climate. Together, we can build back better and ensure that future generations thrive.