COVID-19 has had an immense impact on the world we live in, including the Spring Lake Community House & Theatre. We have had to cancel our spring production, two summer shows, and our fall production, and most heartbreakingly, there will not be a production of Scrooge as we know and love it.
With the loss of income from the shows, as well as recital and workshop shows and summer classes, the Spring Lake Theatre & Community House will see a shortfall in our budget of over $200,000.
You can help support the Spring Lake Community House & Theatre through these challenging times by donating to the Spring Lake Theatre Recovery Fund.
Funds raised through the recovery fund will go to support the beautiful Spring Lake Community House and help us return in 2021 with new productions at the Spring Lake Theatre Company, as well as our outstanding dance & theatre workshop programs, and help us continue serving the community in the years to come.
Until we can return to our regular schedule, the Spring Lake Community House & Theatre have many exciting outdoor events planned for the coming months, the first of which will be announced soon!
Support the Spring Lake Community House & Theatre by clicking the link below
THE CARES ACT
Donations made up through December 31 st count toward 2020 tax deductions. Under the CARES Act, which was designed to provide economic relief for the nation during the COVID-19 pandemic.
Individuals who itemize can now deduct charitable cash gifts in 2020 to the extent of 100 percent of their entire adjusted gross income rather than a cap at 60 percent.
Individuals, who do not itemize but take the standard deduction, can deduct up to $300 in annual charitable contributions. This is an “above the line” adjustment to income that will reduce a donor’s adjusted gross income (AGI), and thereby reduce taxable income.
This information is not intended as legal or tax advice. We encourage you to consult your financial planner for more information. For additional information on the CARES Act, visit home.treasury.gov/cares.