The Coronavirus Aid, Relief, and Economic Security (CARES) Act, is the largest economic relief bill in U.S. history and will allocate $2.2 trillion in support to individuals and businesses affected by the pandemic and economic downturn. This act was passed by Congress and signed into law on March 27, 2020.
How the New CARES Act May Affect Your Gift Planning:
You may have questions on how the CARES Act affects your charitable giving. Below is an overview to get you started. If you have questions, you should reach out to your tax advisors or connect with one of the Catholic Foundation’s Preferred Advisors. Please contact us to help you with any gift planning opportunities.