DONATIONS – 11 a.m. – 4 p.m. Weekdays. Check your closets for gently used artworks to donate to the CAA Spring Cleaning Bazaar. Support the local art association, clear some space at home. Drop off weekdays through March 5. Cooperstown Art Association, 22 Main St., Cooperstown. 607-547-9777 or visit www.cooperstownart.com
VIRTUAL FIELD TRIP – 1:30 p.m. ‘Cultural Diversity: Diversity In The Dugout’ presentation on how the national pastime has brought together players and fans from all walks of life for the love of the sport. Free, registration required. Presented by Baseball Hall of Fame. 607-547-7200 or visit baseballhall.org/events/virtual-field-trip-Cultural-Diversity-2021?date=0
We have only one week left in 2020, a remarkable year that hit us with surprises and painful disease. We lost jobs, got sick, and even died due to COVID-19.
But the year had its bright spots too.
One of them was the extraordinary efforts by all the front-line medical professionals and other essential workers who risked their own health to serve us.
Another is the amazing generosity that poured out from members of our community to help those in need.
A third was the extraordinary efforts of our nonprofit sector that rose to meet many challenges with fewer resources.
As the year draws to a close, there are a few days remaining when you might consider gifts to those very nonprofits which performed so well for us all.
Our tax policy rewards those who make charitable donations by allowing donors to reduce their taxable income and save on taxes.
But there is a hard deadline of Dec. 31 for taking advantage of some good ideas for 2020.
Here are a few of those ideas:
• Taxpayers who do not itemize deductions are entitled to reduce their taxable income by up to $300 by simply making gifts before the end of the year to qualified charities.
• If you do itemize your deductions and want to donate at least $10,000 but are not yet ready to decide which organizations you want to support, you can establish a donor-advised fund and benefit from the tax deduction this year, while deciding later how to allocate your gift.
• Those with IRAs who are at least 70½ can make gifts to charities (up to $100,000) directly from an IRA and the distribution comes out tax-free instead of taxable. Be careful, however, as 2020 is a year in which there is no required minimum distribution and the age for starting RMDs has been extended to 72.
• For 2020 only (thanks to the CARES Act), donors are permitted to deduct charitable gifts equal to 100 percent of their adjusted gross income (compared to the usual 60 percent for cash gifts and 30 percent for gifts of appreciated stock).
• Speaking of appreciated stock, this week may be a good time to donate highly appreciated stock (owned for at least one year) and save having to pay capital gains tax. But you will need to get any transfer in motion quickly as the year is running to its end.
• A charitable gift annuity is another way to generate a tax deduction in 2020 while securing a fixed annual income. At death, the funds in the annuity go to your designated charity. The charitable deduction is relatively high right now as interest rates used to calculate the amount of the deduction are very low.
Please consult your own tax advisers for specifics on these ideas.
Regardless of whether tax considerations are important to you, this is a great time to show your appreciation for those nonprofits in our community that work tirelessly to help us and our neighbors.
Donating today and supporting those organizations would be a very nice way to say thanks for being there for us.
The Community Foundation of Otsego County is here to help you invest in your community. For additional information, contact us a email@example.com.
ART TALK – 2 p.m. ‘Winter in the Arkell Museum Permanent Collection’ discussion with curator Mary Alexander. Learn how winter is portrayed in works by Walter Launt Palmer, Edward Redfield, many others in permanent collection. Free Zoom conference. Presented by Arkell Museum. 518-673-2314 ext. 113 or visit www.arkellmuseum.org/events-calendar
GARDEN CLASS – 6:30 – 8:30 p.m. Learn Tried and True Tips for a Flourishing Flower Garden with the Tompkins County Master Gardeners. Registration required. Cost, $20/person. Visit www.facebook.com/CCEOtsegoMG/ for info.
FUNDRAISER – 6 p.m. Cat Yoga with Lisa Brown and Susquehanna SPCA. All proceeds to Susquehanna SPCA. Suggested donation, $10. Bring your own mat, be prepared to meet adoptable kitties. First Baptist Church, 21 Elm St., Cooperstown. 607-547-9371 or visit www.facebook.com/ctownfirstbaptist/
The AllOTSEGO newspapers, The Freeman’s Journal and Hometown Oneonta, are joining with The Salvation Army to make a joyful Christmas for area families through its Angel Tree Program.
This tradition dates back to 1921 with the creation of The Freeman’s Journal Christmas Fund by Editor & Publisher Rowan D. Spraker Sr. as a way for neighbors to help others enjoy a happy holiday. This week marks the 99th year of this community tradition, partnering this year with The Salvation Army. The Salvation Army has gathered Christmas wish lists grouped by family which can be seen below.
Embrace one individual or an entire family. Every gift is appreciated. Shop by yourself or with friends and colleagues. The more the merrier! Gifts should be both new and unwrapped (price tags removed please), and received no later than Dec. 4 (to allow the elves time for wrapping and loading). Gifts may be dropped off at the newspaper offices at 21 Railroad Ave., Cooperstown, or at the Salvation Army Chapel, 25 River St., Oneonta.
Here are the items that are needed (crossed out families and individuals have found a benefactor):
3-D PRINTING – 10-11:30 a.m. Design a keepsake heart box for someone special. Fee based on weight Registration required. Huntington Memorial Library, 62 Chestnut St., Oneonta. Info, hmloneonta.org/calendar/
YPN NETWORKING – 6-8 p.m. Come meet young professionals from the Otsego area. The topic for this evening is community involvement. The Beverage Exchange, 73 Main St., Cooperstown. Info, www.facebook.com/YoungProfessionalsNetworkYPN/
FUNDRAISER – 7 p.m. Live music will be performed. The public may donate for the opportunity to perform. Donations go to the Cooperstown Lion’s Club fund to support area residents to lessen financial stress. Mel’s at 22, Cooperstown. Info, www.facebook.com/Melsat22/
To Learn How You Can Help Area Families This Holiday Season CLICK HERE.
HOLIDAY CRAFT FAIR – 9 a.m.-2 p.m. featuring quality, handmade crafts by local and regional crafters. Free admission. Hunt Union Ballroom, SUNY Oneonta, 108 Ravine pkwy, Oneonta.
FESTIVAL OF TREES – Noon-4 p.m. Holiday Tree and Gift Raffles. Allso collecting Toys for Tots and non-perishable food donations. Glimmerglass State Park, 1527 Co. Hwy. 31, Cooperstown. Info, www.friendsofglimmerglass.com
To Learn How You Can Help Area Families This Holiday Season CLICK HERE.
BLOOD DRIVE – 12:30-6:30 p.m. Bassett Hall Auditorium, 1 Atwell Rd, Cooperstown. To make an appointment visit www.redcrossblood.org, call 1-800-733-2767, or call the clinical lab office (607)547-3701. Walk-ins are welcome.
GIFT SALE – 11:30 a.m.-12:30 p.m. First Presbyterian Church Chapel, Pioneer St., Cooperstown. Info, Mary Dunkle firstname.lastname@example.org
SANTA TRAIN – 2-4:30 p.m. Afternoon train ride with Santa and Mrs. Claus and their helpers with holiday music, goodies and refreshments. Dress. Tickets $20 adults, $19 seniors, $17 for children (3-12), under 3 free. Weekends through Dec. 17., reservations required, seating limited. Milford Depot, 136 East Main Street, Milford. Info, reservations, (607) 432-2429 or visit www.lrhs.com.
COOPERSTOWN SANTA – 5:30 p.m. Santa arrives at his Christmas Cottage in Pioneer Park, Cooperstown.
FAMILY FLOAT NIGHT – 6:45-7:30 p.m. Family fun in YMCA pool Members free, family $18, youth $5. Oneonta Family YMCA, 20-26 Ford Ave., Oneonta. Info, oneontaymca.org
“COOP EATS” RESTAURANT WEEKEND – 11/10-13 Participating restaurants offer Prix-Fixe dinner menu in addition to regular menus. Join us in exploring Cooperstown’s finest restaurants. Info, cooperstownchamber.org
ART EXHIBIT RECEPTION – 5-7 p.m. Includes lecture by the featured artist Sue Coe titled”Porkopolis – Animals and Industry.” Martin-Mullen art gallery, SUNY Oneonta, 108 Ravine pkwy, Onoenta. Info, call Gallery Director Tim Sheesley at (607)436-2445 or (607)436-3456 or visit http://www.oneonta.edu/academics/art/gallery/gallery.html
THEATER – 7 p.m. High School musical, “Into the Woods.” Cooperstown Central School, 39 Linden Ave., Cooperstown. Info, cooperstowncs.org
BLOOD DRIVE – 2-6 p.m. In the gym, Oneonta Family YMCA 20-26, Ford Ave., Oneonta. To learn more check their FACEBOOK page.