is the protection of philanthropic freedom – the right of Americans to choose how and where to spend their charitable assets. A project of The Philanthropy Roundtable, ACR educates legislators and policymakers about the central role of private charitable giving in American life and the dangers of legislative or political measures that would weaken or constrain the philanthropic freedom that makes such giving possible.
The current two-tiered tax provision is simply a disincentive for foundations to increase giving in any one year.
>> Federal: Washington Roundup >> Federal: SALT Workarounds >> Federal: Unrelated Business Taxable Income Siloing >> Federal: Donor-Advised Funds at Treasury >> Federal: The Everyday Philanthropist Act >> Federal: Universal Charitable Deduction >> Consider This: Recent Data on Charitable Giving Reveal Trends >> Top Reads: Treasury Moves to Block New Yorkers’ Path Around Cap on State Tax Deductions Washington Roundup […]
WASHINGTON, D.C.— The Alliance for Charitable Reform (ACR) issued the following statement on the regulations from the U.S. Department of Treasury on state initiatives seeking to workaround the federal cap on the deduction for state and local taxes. “The proposed workarounds for the cap on the state and local tax deduction would have undermined the […]
A bipartisan set of senators have sent a letter to Treasury Secretary Steven Mnuchin requesting data on charitable giving following the passage of the Tax Cuts and Jobs Act. Sens. James Lankford (R-OK) and Christopher Coons (D-DE) have asked Secretary Mnuchin to provide “any data that is currently available on charitable deductions in tax year […]
>> Federal: Washington Roundup >> Federal: AEI Report >> Federal: State-Level SALT Workarounds >> Federal: UBIT on Parking Benefits for Employees >> Federal: Universal Charitable Deduction >> Consider This: Tax Reform 2.0 >> Top Reads: Charity Groups Fret Over Upcoming SALT-Deduction Rules Washington Roundup This month, House Ways and Means Chairman Kevin Brady (R-TX) and House Republican tax writers […]
>> Federal: Washington Roundup >> Federal: Action at Treasury >> Federal: Expanding the Charitable Deduction >> Federal: Giving USA’s Annual Report >> Federal: Caught Our Eye >> Consider This: Charitable Giving Grows, Number of Givers Shrinks >> Top Reads: The Disappearing Donor Washington Roundup Both Ways and Means Chairman Kevin Brady (R-TX) and a White House official recently said […]
Giving USA released its annual report June 12, showing that nationwide charitable giving continues a steady increase since 1977. Charitable giving reached a record high in 2017, crossing the $400 billion mark for the first time. The $410.02 billion that Americans gave to charity in represents an increase of 5.2 percent over giving from 2016. […]
>> Federal: Washington Roundup >> Federal: State-Level SALT Workarounds >> Federal: IRS Tool for Donors >> Federal: Universal Charitable Giving Act >> Federal: Reps. Smith and Cuellar’s Charitable Giving Tax Deduction Act >> Federal: In-district Meetings >> Consider This: Answering Donor-Advised Funds’ Critics >> Top Reads: I.R.S. Warns States Not to Circumvent State and Local Tax Cap Washington Roundup Last […]
WASHINGTON, D.C — The Philanthropy Roundtable has submitted public comments to New York Attorney General Barbara Underwood challenging public comments by the National Committee for Responsive Philanthropy. NCRP urged Attorney General Underwood to interfere with the board selection process for the Mother Cabrini Health Foundation, a private foundation that will be created as a result […]
Two major articles were published last week on the subject of donor-advised funds (DAFs), one in The Atlantic (“The Black Hole That Sucks Up Silicon Valley’s Money”) and another in the Chronicle of Philanthropy (“Foundations Move $737 Million to Donor-Advised Funds, Chronicle Study Shows”). Both raise a number of questions about the appropriateness of DAFs […]