Business managers: Did you know you get great tax deductions for donating food? Eligible businesses can deduct the lesser of (a) 2x the basis value of the donated food & (b) the profit margin if the food were sold at its Fair Market Value. Details from Harvard are here.
[ExtraFood provides a receipt for tax purposes to any ExtraFood food donor immediately upon request at any time.]
Parents everywhere are having to adapt to the evolving changes brought on by COVID-19. The pandemic has particularly exacerbated the challenges that low-income families with children face on a daily basis, which has increased their need for psychological, nutritional and educational support. Knowing the additional challenges their families are facing, North Bay Children’s Center’s Tinker Way site in Novato is an ExtraFood recipient partner that continues to support their families with extra care and kindness. Typically they serve 56 families—30-35 kids per day, ages 6-11—of which 90% are low-income. Currently, in their reduced on-site capacity, they are working with 24 children but are still serving all their families with “open arms” in a variety of ways.
ExtraFood started a food program with Tinker Way 3 ½ years ago. Annette and Brent Knipe, lead staff members at Tinker Way, commented, “The food deliveries, which arrive three times a week, put big smiles on our families’ faces. We assemble boxes of food from the food that ExtraFood brings and our families are always grateful for this additional support. We are like a big, extended family who continues to support all of our families, past and present, in any way we can.” ExtraFood is proud to partner with this wonderful organization that wholeheartedly embraces their mission to serve young families in their community.
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