COVID Response Fund
Now more than ever, the Music Project needs your support.
We have launched the Music Project Scholarship Fund. This fund will address the emergent mental health needs that are evolving as a result of the intersecting crises of COVID-19, economic instability, and racial justice uprisings throughout Snohomish County. It will fund the entire Music Project staff to stay active and responsive to local mental health needs by providing the funds needed for creative solutions to accommodate local problems on the ground. We remain committed to supporting the children, young people, families, and elders who make up our neighborhoods, our community, and our own Music Project family.
This information is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.
This crisis has affected so many people in our community. If you know someone who is in need of assistance and information, please share the following resources with them. For the most comprehensive database of community resources in the State of Washington, dial 2-1-1 from anywhere in Washington state or visit WA 211.
Financial Resources for Washington Residents Impacted by COVID-19 – This website has information on Unemployment Assistance, student loan deferment, utility assistance, insurance issues, short term and emergency personal loans, small business assistance and loans, and guidance if you are having trouble paying for credit cards, mortgage, and rent. This website also has tips on avoiding common scams and more.
COVID-19 Resource List for Impacted Washington Businesses and Workers – Governor Inslee’s Office – This website provides information on financial assistance from the Small Business Association and Washington Department of Revenue. It also provides guidance from the Washington State Insurance Commissioner about coverage for damages, including event cancellation.
COVID- 19 Resource Page – Local 8 – Local 8 is the Hospitality Union of the Northwest. Their resource page provides information specific to those in the hospitality industry regarding unemployment, employment benefits, and guidance for businesses and employers. Local 8 provides a number of resources in multiple languages.
Public Utility District COVID-19 Response & Information – Snohomish PUD – The PUD’s website provides updates on what they are doing during this time and updates to their services. The website also has information on how they are assisting their customers who are struggling to pay their bills.
PSE COVID-19 Response – Puget Sound Energy – Their website provides information for their customers on what they can do for those in financial difficulties.
Casino Road Food Pantry: 425-259-3191
Edmonds Senior Center- Supporting isolated seniors in South Snohomish County: 425 954 2523
Homage – Meals on Wheels – Lynnwood: 425 513 1900
Lynnwood Food Bank: 425 745 1635
Northshore Senior Center: 425 487 2441
Emergency Child Care
YMCA Emergency Camp for Countywide School Closure – All-day, quality camp/childcare at 12 sites across Snohomish County; financial assistance available.
Shelter & Housing
At-Home Learning Resources
Scholastic Learn at Home – Day-by-day projects to keep kids reaching, thinking, and growing; for all ages and up to grade 9.
Zoom on PBS – Using a multidisciplinary, content-based format, these resources teach children how to take an active approach to learning.
Storyline Online – Streamed videos of celebrated actors reading children’s books alongside creatively produced illustrations.
Immigrant, Refugee & New American Resources
Duolingo – A free online and app-based language learning platform with over 30 languages offered.
New Tax Incentives for Donations to the Music Project
On Friday, March 27, the current administration passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion economic stimulus package legislated to provide immediate relief for nonprofit. The CARES Act aims to help charities, like the Snohomish County Music Project (Music Project), who are facing economic hardship during the coronavirus pandemic.
Here are a few key provisions and incentives of the CARES Act that may affect you and your philanthropic goals:
Enhanced Charitable Giving Incentives
- Temporary Universal Charitable Deduction. Taxpayers who do not itemize their deductions can take a one-time deduction of up to $300 for gifts made to charitable organizations per taxpayer ($600 per married couple). The provision is intended only for the year 2020; however, in the text of the bill, it states taxable years “beginning in 2020 …” and does not include a sunset date, thus it conceivably could extend beyond 2020. The deduction is ONLY for gifts of cash made in the calendar year 2020 and does not cover other types of gifts or contributions made to donor-advised funds or private foundations.
- Suspends the 60% adjusted gross income limitation for individuals’ charitable contributions for the year 2020. In a typical year, individuals who do not itemize can only take a charitable deduction of up to 60% of their adjusted gross income, no matter how much they give. For 2020, there is no limit, making cash contributions 100% fully deductible.
- Increases the cap on how much corporations may deduct for charitable gifts from 10% of taxable income to 25%. In addition, the limitation on deductions for food donations by corporations increases from 15% to 25% in 2020.
- Waives for 2020 the required minimum distributions from retirement plans, such as pensions and 457 plans. Any minimum distributions from retirement plans that would have been required in 2020 can be delayed until 2021. This change reduces the incentive for donors to make gifts from their individual retirement account (IRA)—the IRA Rollover Provision. Despite the RMD suspension, remember that if you are 70½ or older, you can still make a gift from your IRA or name the Music Project as a beneficiary.
Why should I make a gift from my IRA?
- Your gift will be put to use today, allowing you to see the difference your donation is making.
- You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
- Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
We are deeply grateful for your kindness and compassion toward our community during these challenging and uncertain times. If you are considering a gift to the Music Project, we invite you to donate online. Please also feel free to contact Vasheti Quiros, Executive Director, via email at [email protected] to discuss your philanthropic goals and how your gift can support our COVID response and further our mission.