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Main Street Waterloo is a non-profit, volunteer driven organization that is dedicated to maintaining and enhancing the vitality of our downtown center.

The organization is able to support downtown businesses, hang flower baskets, decorate for the holidays, host events and more because of the generosity of our community.

Main Street Waterloo
is asking the community to come together and challenging 100 people to donate $100 to make our community stronger.

100 FRIENDS OF
MAIN STREET WATERLOO

Anonymous (3)

Craig Wells

U.S. Bank

Candy Welch-Streed

Jim & Kristin Schaefer

Jessica Rucker

Andrew Robeson

Ed Ottesen

James Miller

Nick Hedrick & Cory Nolta

Jozsef Gitta

Cary Darrah

Beecher, Field, Walker, Morris, Hoffman & Johnson, P.C.

David Wilson, Wilson Restaurant Supply

Tim Verheyen

Don & Michelle Teymeyer

Chad Shipman

Jillian Rutledge

Alice Rohret

Bari Richter, Convey Signs

Jeanne Miller

Mark Iehl

Jayne Hall

David Deeds

John Chiles

THANK YOU TO ALL WHO HAVE CONTRIBUTED!

Section 2204 of the CARES Act provides that taxpayers who do not itemize deductions may take an above-the-line deduction on their 2020 return for qualified charitable contributions in an amount not to exceed $300.

Modification of limitations on charitable contributions

Section 2205 of the CARES Act temporarily suspends the 60 percent AGI limit for cash charitable contributions that can be deducted by individuals. In 2020, individuals may deduct qualified contributions in an amount up to 100 percent of AGI. The deduction limit for cash charitable contributions for corporations is increased for 2020 from 10 percent of taxable income to 25 percent of taxable income for qualified contributions. Qualified contributions do not include contributions to a donor advised fund. The law also provides that a corporation can take a deduction in amount up to 25 percent of taxable income for donations of food inventory to charitable organizations in 2020. The food must be used for the care of the ill, needy, or infants. The usual deduction limit for these contributions is 15 percent.

MAIN STREET WATERLOO

212 East 4th Street

Waterloo, Iowa 50703

319.291.2038

319.318.2286

director@mainstreetwaterloo.org

All rights reserved. Website by Pretty Good Co. 2020.