When you support TSF, 91% of your donation goes directly to support our work in Cambodia. In the U.S., we operate with an all-volunteer board and in Cambodia our entire staff is Cambodian.
We hope that you will join us in caring for Cambodia’s children. Contributions of any size to support the work of The Sharing Foundation are gratefully welcomed.
Sponsor a High School Student
When you sponsor a high school or college student, you are helping a needy student who otherwise would not be able to continue their education. Your support lifts them and their family out of poverty. These students are Cambodia’s future. Sponsoring a high school student for one year costs only $360.
Sponsor a College Student
When you sponsor a college student, you are providing housing, tuition, and books for a student to attend Norton University in Phnom Penh. TSF rents dormitories and pays for utilities and food. Students take turns preparing meals and housekeeping. The actual cost of a college year averages $1600 per student, but we ask sponsors to donate what they can afford. A generous TSF donor makes up any shortfalls. We encourage high school sponsors to continue with their students when they enter college.
Sponsor a child at Roteang Children’s Center
You may also sponsor a child at our Roteang Children’s Center. Sponsors receive photos and updated information four times a year. More importantly, your sponsored child is encouraged and motivated by your interest and support. The cost of children’s center sponsorship is $1,800 per year or just $150 per month.
TSF Endowment Fund
TSF’s Endowment fund provides the financial stability to ensure that our special needs Roteang children will receive lifetime care.
If you would like to contribute to TSF’s Endowment Fund: Click the “Donate Now” button to contribute online
How the CARES Act Changes Charitable Giving in 2020
Charitable Giving in 2020
The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) signed into law in March of this year, gives generous incentives for tax-efficient giving in 2020 when the need to help others has never been stronger. The Tax Cut and Jobs Act passed in 2017 raised the standard deduction, thus making the charitable deduction available to fewer donors.
A $300 Charitable Deduction for Non-Itemizers
The CARES Act temporarily provides an “above the line” income tax deduction to non-itemizers making gifts to public charities in 2020.
Taxpayers who take the standard deduction can now take an additional “above the line” universal charitable deduction of up to $300 for cash donations made in 2020.
Increased Adjusted Gross Income (AGI) Limitation
The CARES Act now makes it possible for individuals to deduct up to 100% of their adjusted gross income for cash gifts made in 2020 to any public charity other than a supporting organization, which The Sharing Foundation is not. The increased AGI limitation does not apply to donor advised funds.
Required Minimum Distributions Waived in 2020
For 2020 there will be no mandatory distribution from retirement accounts. The minimum age for making a tax-free transfer from an IRA to a charity remains at 70 ½, and the annual limit stays at $100,000. However, cash gifts are deductible in 2020, so a person could withdraw and then contribute a larger amount by using the deduction to offset the taxable withdrawal.
Even so, making a QCD this year will still allow itemizers and non-itemizers alike to direct up to $100,000 from their IRA to charities in a tax-efficient manner.
The CARES ACT provides great incentives to give to your favorite causes in 2020. To determine how its options can work best for you, speak with your tax advisor and contact us if we can help you with your gift planning.
More ways to give
Donating Appreciated Securities
Donating appreciated securities, such as stock or mutual funds, is a tax efficient way to care for Cambodia’s children. Please contact us at Donations@Sharingfoundation.org, or The Sharing Foundation, P.O. Box 600, Concord, MA 01742
Shop Amazon Smile
Amazon Smile is a simple and automatic way for you to support The Sharing Foundation every time you shop, at no cost to you. When you shop at smile.amazon.com you’ll find the exact same low prices, vast selection and convenient shopping experience as Amazon.com, with the added bonus that Amazon will donate a portion of the purchase price to your favorite charitable organization. Shop Amazon Smile
For more information on the many ways you can care for Cambodia’s children, email: donations @sharingfoundation.org or write: The Sharing Foundation, P.O. Box 600, Concord, MA 01742.
Checks should be made payable to “The Sharing Foundation.”