The CARES Act allows deductions for charitable contribution up to 100% of AGI in 2020 (vs. 60% previously). The Act also states that to quality for 100% deduction, the contributions must be in cash. What I haven't seen clarified is how much of the contribution has to be in cash and to what types of organizations.
For example, will the following composition qualify for a 100% deduction?
30% appreciated stock to a donor advised fund
30% cash to private foundation
40% cash to a qualifying operating charity - for example GiveWell, GiveDirectly, etc.
Essentially, do the previous rules apply for the 60% and the "cash only/operating charity" rule apply only to the additional 40%?
The following was shared with me form TT and is helpful.
Note that the document is still 'draft' as the IRS is slower than ususal due to COVID.
Here is a link to the (draft) Charitable Contributions 2020 Draft Publication 526.
"DRAFT" Charitable Contributions as of January 13, 2021