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News for Philanthropists

Monday March 30, 2020

Our News
Exciting events are happening at Community Foundation of Lorain County
Thank you for your interest in Community Foundation of Lorain County. Our hope is to serve you and your family with helpful information.
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Savvy Living
How Medicare is Handling Coronavirus
Is Medicare covering testing for the coronavirus? My husband and I are very nervous about this virus and would like to...
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Washington News
CARES Act - Checks to Individuals
On March 27, 2020, the House and Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Under this massive bill, there will be $1,200 direct payments to individuals. Qualified dependents increase the payments to families by $500 per qualifying child. There are multiple rules on the direct payments to individuals. The payments by the IRS will generally be based upon your 2018 or 2019 income tax returns. Joint Return – A married couple will receive a payment of $2,400. Children – Each dependent child qualifies for a $500 amount. There are no limits to the number of dependent children. The definition of a dependent follows the IRS guideline that you must provide one half of the support and the child must live with you for one half of the year. Adopted and foster children also qualify. Limits on Individuals or Married Couples – The $1,200 check to...
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Personal Planner
Family Business - Sell and Retire
Bill and Alice started their family business many years ago. The early years were very challenging. Both worked without...
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