Make A Donation
SPONSORSHIP INFORMATION:
DONATION AMOUNTS: $1,000 - $5,000
CARES ACT EXPANDED TAX DEDUCTIONS FOR CHARITABLE GIVING:
The CARES Act allows a deduction for cash contributions to public charities of up to 100% of adjusted gross income (“AGI”). The former rule was 60% of AGI, which still applies for NYS and NYC.
FISCAL SPONSOR:
The Thinkubator, a mission-aligned non-profit with robust entrepreneurship programming, will accept the donations and prepare tax documents for the donors.
SPONSOR FAQ’S
HOW MUCH DO I CONTRIBUTE?
Between $1,000- $5,000
HOW DO I GET PROOF OF DONATION BEING TAX DEDUCTIBLE?
All donations will be submitted to and held by The Thinkubator, a public non-for-profit; The Thinkubator will send out thank you letters confirming the tax deductible gift within 10 days of receiving it.
HOW MUCH OF MY DONATION IS TAX DEDUCTIBLE?
100%
WHAT IS DIFFERENT ABOUT CHARITABLE GIFT TAX LAW IN 2020 (DUE TO CARES ACT/COVID-19 RELIEF)?
Individuals can elect to deduct donations up to 100% of their 2020 AGI, up from 60% of AGI in prior years.
WHAT ARE THE PRIZES (AWARDS)?
• 1st place - $15,000
• 2nd place - $ 6,500
• 3rd place - $ 3,500
WHAT ARE CRITERIA TO APPLY?
• Business location in The Bronx
• Company must be owned and operated by an MWBE
• Annual revenues of less than $1 million
• Must be in business at least 2 years
• Succinct strategy of how this award will enable/contribute to transformational growth
WHERE DO COMPETITORS COME FROM?
The JSB Media Team are in place to disseminate an announcement throughout social media. Additionally, we welcome recommendations from our donors
WHO VETS THEM?
All applications will be submitted to The Thinkubator portal and then vetted by the founding committee and advisory committee consisting of several experienced entrepreneurs and investors.