At first blush, the use of leverage to fund a charitable donation would seem at odds with conventional wisdom. However, most individuals have, for example, used a credit card to make a charitable donation. Simply put, by using borrowed money solely for the purpose of making a charitable donation (a “Leveraged Donation”), US taxpayers can amplify the benefit of a particular rule within the U.S. Internal Revenue Code (the “IRS Code”). The Rule Underpinning Leverages Donations: The core strategy takes advantage of a long-standing, and still very much effective, accommodation given by the IRS Code to individual taxpayers. The IRS Code allows individuals to deduct all allowable charitable donations of cash, regardless of the source of that cash. This means that whether you (a) made the money from your business, (b) received the money as a gift from a friend, or (c) borrowed it to make that donation, the IRS will allow the deduction all the same. Under the CARES Act, individuals may deduct qualified contributions of up to 100 percent of their adjusted gross income. A corporation may deduct qualified contributions of up to 25 percent of its taxable income. Contributions that exceed that amount can carry over to the next tax year.