COVID-19

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What You Can Do Now

What You Can Do Now

As the COVID-19 pandemic spreads across the globe, the poorest and most vulnerable members of society are being hardest hit and most likely will be the slowest to recover. They are in need of generosity now. And, while you may already be charitably inclined, the CARES Act provides enhanced tax savings advantages to making contributions this year.

Donors can consider giving to collaborative relief efforts at global, national, regional and local levels. They all need your support.If you are overwhelmed with choices about where to start, the following are some organizations and resources to consider.

Globally the World Health Organization (WHO) is one impactful choice. WHO’s primary role is to direct international health within the United Nations’ system and to lead in global health responses.

Silicon Valley Community Foundation (SVCF) is leading a regional effort with other Bay Area philanthropic partners through their COVID-19 Coronavirus Regional Response Fund. SVCF is supporting lead organizations representing each of the ten Bay Area counties through this regional fund. If you want to make direct gifts within your local community, you can find information at their website: www.siliconvalleycf.org.

San Francisco Foundation (TSFF) is one of the lead organizations partnering with the Silicon Valley Community Foundation. Additionally, TSFF has established the COVID-19 Emergency Response Fund to which you can contribute and, again, TSFF is another resource to find specific organizations including by county that need help. Go to www.sanfranciscofoundation.org.

Other Bay Area community foundations include The East Bay Community Foundation (EBCF), which serves both Alameda and Contra Costa Counties. Rounding out the ten Bay Area counties, Marin, Napa, Santa Cruz, Solano and Sonoma also have community foundations that are recommended as part of COVID-19 Regional Response Fund. And, for those who live outside the Bay Area, please search for community foundations in your community.    

For those with Donor Advised Fund accounts at Fidelity Charitable and Schwab Charitable, making gifts from your existing account may be the easiest path for you to give globally and locally. Both organizations provide lists of recommended charities to help you identify effective ways to make a difference with your giving.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides some strong tax incentives to give directly to charity in 2020. For this tax year only, there has been a temporary lifting of the Adjusted Gross Income (AGI) limitation for cash gifts made directly to a qualified charity. Under this new provision, taxpayers who itemize their deductions can deduct cash donations equal to 100% of their 2020 AGI (up from 60%). It is important to note that this does not apply to gifts of appreciated stock, contributions to a Donor Advised Fund or a supporting organization. Finally, although RMDs have been waived for 2020, donors can still make a qualified charitable distribution (QCD) up to $100,000. QCDs allow direct gifts to charity where the gifted amount avoids recognition as taxable income to the retirement account owner.

Don’t hesitate to contact your Sand Hill Wealth Manager for additional guidance on ways to optimize your giving in the current environment. Above all, consider giving now, not later, or maybe later, again!


Sand Hill Global Advisors, LLC “SHGA” is a registered investment advisor with the Securities and Exchange Commission (SEC).  Such registration does not imply a certain level of skill or training.  The charitable organizations referenced in the above article are separate entities and not affiliated with SHGA and as such, SHGA neither represents nor endorses any charitable organization named in this article. Any third-party website you visit by a link from this article is solely the responsibility of the other party providing the site and are provided for only for convenience. The content of, including materials and information contained on, any site to which you visit from this article is solely the responsibility of the provider of that website. Any transactions that you enter into with other parties listed in this article or linked from this article are solely between you and the other party. SHGA is not responsible for any such third-party content that may be accessed from third-party links. SHGA does not endorse the content contained in these sites, nor the organizations publishing those sites, and hereby disclaims any responsibility for such content.

Articles and Commentary Information provided in written articles are for informational purposes only and should not be considered investment advice. There is a risk of loss from investments in securities, including the risk of loss of principal. The information contained herein reflects Sand Hill Global Advisors' (“SHGA”) views as of the date of publication. Such views are subject to change at any time without notice due to changes in market or economic conditions and may not necessarily come to pass. SHGA does not provide tax or legal advice. To the extent that any material herein concerns tax or legal matters, such information is not intended to be solely relied upon nor used for the purpose of making tax and/or legal decisions without first seeking independent advice from a tax and/or legal professional. SHGA has obtained the information provided herein from various third party sources believed to be reliable but such information is not guaranteed. Certain links in this site connect to other websites maintained by third parties over whom SHGA has no control. SHGA makes no representations as to the accuracy or any other aspect of information contained in other Web Sites. Any forward looking statements or forecasts are based on assumptions and actual results are expected to vary from any such statements or forecasts. No reliance should be placed on any such statements or forecasts when making any investment decision. SHGA is not responsible for the consequences of any decisions or actions taken as a result of information provided in this presentation and does not warrant or guarantee the accuracy or completeness of this information. No part of this material may be (i) copied, photocopied, or duplicated in any form, by any means, or (ii) redistributed without the prior written consent of SHGA.  
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