Charitable Giving for Youth Shooting Sports

SUPPORT YOUTH SHOOTING SPORTS WHILE DEDUCTING 100% OF ADJUSTED GROSS INCOME.
TAKE ADVANTAGE OF ONE-TIME OPPORTUNITIES FOR 2021 THROUGH EXTENSIONS OF THE 2020 CARES ACT.
TAKE ADVANTAGE OF THIS SPECIAL OPPORTUNITY BY ITEMIZING DEDUCTIONS WITH GIFTS TO CHARITY. PRIOR TO THE CARES ACT, THE MAXIMUM DEDUCTION WAS 60% OF AGI
THIS UNIQUE OPPORTUNITY FOR 100% DEDUCTION OF AGI APPLIES TO CASH DONATIONS TO PUBLIC CHARITIES.
SOME DONORS REACH 100% OF AGI BY GIVING A PERCENTAGE OF AGI TO THEIR DONOR-ADVISED FUND AND THE REMAINING AS CASH DIRECT TO PUBLIC CHARITIES. PUBLICLY TRADED STOCK MAY ALSO BE UTILIZED TO REACH 100%, SOME DONORS MAY ELECT TO GIVE 100% CASH DIRECT TO PUBLIC CHARITIES.
EVEN IF YOU DON’T ITEMIZE, THE CARES ACT STILL PROVIDES A UNIQUE OPPORTUNITY.
EVERY INDIVIDUAL CAN DONATE $300 TO CHARITY AND RECEIVE THE CORRESPONDING BENEFIT. MARRIED COUPLES CAN DONATE $600 TO CHARITY AND GET THIS “ABOVE THE LINE” DEDUCTION. IT’S A GREAT OPPORTUNITY FOR EVERYONE TO SUPPORT YOUTH SHOOTING SPORTS.

STOCKS OR MUTUAL FUNDS.
BY ALLEVIATING YOUR CAPITAL GAINS TAX, THIS MAY BE A MORE ADVANTAGEOUS ASSET TO DONATE BASED ON YOUR CIRCUMSTANCES.
DONOR-ADVISED FUND
YOU CAN ITEMIZE CONTRIBUTIONS TO A DONOR-ADVISED FUND, AND DESIGNATE A GIFT TO SUPPORT SCHOLASTIC SHOOTING SPORTS FOUNDATION
SIMPLE DONATION FROM A CHECKING ACCOUNT.
MONEY SAVED IN OTHER AREAS CAN SERVE AS A GIFT FROM YOUR CHECKING ACCOUNT, WHICH PROVIDES IMMEDIATE, MEANINGFUL SUPPORT TO THE HEALTH OF YOUTH SHOOTING TEAMS THROUGHOUT THE COUNTRY
IRA QUALIFIED CHARITABLE DISTRIBUTIONS
YOU CAN GIFT UP TO $100,000 ANNUALLY FROM YOUR IRA, CALLED A QUALIFIED CHARITABLE DISTRIBUTION (QCD) AND ARE EXCLUDED FROM YOUR TAXABLE INCOME.
ANYONE AGE 72 OR OLDER AS OF DECEMBER 31, 2021, MUST TAKE THEIR REQUIRED MINIMUM DEDUCTION (RMD) BY YEAR-END. THIS INCLUDES INHERITED IRAS. IF IT IS YOUR FIRST RMD, YOU HAVE UNTIL APRIL 1, 2022.
RMDS MAY ALSO BE TRANSFERRED TO A QUALIFIED CHARITY.
INDIVIDUALS 701⁄2 YEARS OLD AND UP TO DONATE UP TO $100,000 DIRECTLY TO CHARITIES OR A DESIGNATED FUND. THIS GIFT ALLOWS INDIVIDUALS TO INCREASE THEIR GIVING WITHOUT INCREASING THEIR TAXABLE INCOME.
THOSE WHO ARE 591⁄2 YEARS OLD CAN TAKE ADVANTAGE OF THE OPPORTUNITY BY TAKING A DISTRIBUTION FROM THEIR RETIREMENT ACCOUNT AND CONTRIBUTING CASH UP TO 100% OF AGI. THIS ALLOWS THE 100% OF AGI OPPORTUNITY TO BE ATTAINABLE FOR MANY PEOPLE.


The Scholastic Shooting Sports Foundation does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.









ious special needs at the Joe Nuxhall Miracle League Fields in Fairfield, Ohio. The Joe Nuxhall Miracle League Fields at Hatton Park are the realization of one of several charitable works envisioned by the late major league pitcher and Reds broadcaster Joe Nuxhall. Encounters with service organizations dedicated to helping children and adults with disabilities, as well as his association with amateur sports organizations of all kinds, led Joe to the realization that no baseball diamonds existed to facilitate unrestricted play for people with physical and mental challenges. He developed a resolve to provide such a ballpark for his community. The Ohio Steel Stingers were partnered with individual players to help them hit the ball, run the bases, field the ball or just have fun. Smiles were seen throughout the park from the players and their new buddies.

through April 25, 12:30PM eastern time. This week’s auction is a 7mm Rem Mag caliber Ruger® M77® Mark II Express rifle. The Express models were first introduced in 1992. The serial number on this rifle is 760-01613, and the roll mark date is July 22, 1992. The M77® Mark II Express rifles were initially made within the “780-“ prefix serial number range. After a few hundred Express rifles were built, the serial numbering was then changed to the “760-“ prefix. This rifle has not been fired beyond normal factory testfiring. The rifle features a 24-inch blued barrel with matted quarter rib and is factory machined to accommodate Ruger scope rings. It has a blade front sight and v-notch rear express sights: one stationary and two folding that is drift adjustable for windage. Other features include a black composition forend tip and black rubber recoil pad with embossed Ruger® eagle logo. The steel pistol grip cap also features the Ruger® eagle logo. The M77® Express rifle has a steel hinged floorplate and trigger guard with a staggered box magazine that holds three cartridges. The stock is polyurethane-finish French walnut with checkering on the pistol grip and forend. A set of sling swivels and a set of scope rings are included with this rifle. It will be shipped in the rifle box it had been stored in along with an original manual and marketing materials. The rifle is being sold “as is.” The purchaser assumes all liability for its safe and proper ownership, storage, use, and resale. Please note that the winning bidder of this auction is responsible for paying the Federal Excise Tax. The rifle is a part of the Ruger factory collection in Southport, Connecticut, and a Certificate of Authenticity will be mailed to the winner of the auction. 
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The Ruger® Blackhawk® single-action revolver in .357 Magnum was Sturm, Ruger’s first-ever centerfire revolver and is the foundation of the legendary Ruger single-action family. Available only in 2005, the 50th Anniversary New Model Blackhawk offers a unique opportunity to own a revolver with the look and feel of the original “Flat Top” design and all the benefits of 50 years of continuous refinements. Like the 1955 Ruger Blackhawk, the 50th Anniversary New Model Blackhawk is chambered in .357 Magnum with a 4-5/8 inch barrel. It offers many original features including a blued, original Blackhawk-size “Flat Top” frame with a micro-adjustable rear sight, and a smaller pre-1962 “XR-3” grip frame with checkered “hard rubber” grips bearing original-style black Ruger medallions. This 50th Anniversary New Model Blackhawk has a serial number of 520-02060 and was roll marked March 16, 2005. It was shipped to Automated Finishing for engraving work and features a Western-style scroll engraving on the top strap, cylinder, cylinder frame, and grip frame. This engraved model WAS NOT a regular production. The revolver has been stored in its original red plastic 50th Anniversary Blackhawk case along with an anniversary booklet, original instruction manual, marketing materials, case lock and keys. Please note that the winning bidder of this auction is responsible for paying the Federal Excise Tax. The revolver is being sold “as is.” The purchaser assumes all liability for its safe and proper ownership, storage, use, and resale. The revolver is a part of the Ruger factory collection in Southport, Connecticut, and a Certificate of Authenticity will be mailed to the winner of the auction. 
The pistol is being