One
The month of May has arrived and, for now, most investors have more positive portfolio values than those reported to them for the previous month. Notable increases are not uncommon. While we would like to be assured that these improved values will be sustained in the weeks ahead, the uncertainty of the consequences of COVID-19 could lead to another round of downward volatility.

Two
Appreciating the current investment improvement, you may find this second theme positively inspirational: Giving Tuesday, on May 5th. If you have awaited an opportunity to share with your community during these challenging times, this could be the perfect time. Giving to others makes you feel good (a documented fact) and a boost of positive feeing right about now may be ideal.

Three
As you consider the causes most important to you, remember two provisions of the CARES Act that can help save you money on taxes as you donate:

  1. Taxpayers are eligible for a $300 above the line deduction, if not itemizing their deductions when filing.
  2. The taxpayer limitation on deductions increased from 60% of their contribution base (generally AGI) to 100%.

You may already be aware of the strong corporate commitment Entrust has to Sharing with Our Community. If not, the link provides a good introduction. Some of our favorite causes are:

My Best Teacher Scholarship Fund
BalletX
The Junior League of Philadelphia
Girls on the Run
Adoptions from the Heart
Philadelphia Center for Advancing Entrepreneurs (PCAE)
Ed Snider Youth Hockey Foundation
Mission Kids Child Advocacy Center

Please share this webpage with your network and watch for weekly updates, as we face this medical and financial crisis together. We would love to hear your strategies for staying positive during these difficult times and to learn what charities you love to support. Contact us today: 610-687-3515 or contactus@entrustfinancial.com