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.
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The Philanthropy Roundtable expressed concerns that the privacy for donors to 501(c)3 charities in Washington could be compromised under legislation being considered by state lawmakers. The Roundtable submitted testimony to the Washington State Senate for yesterday’s hearing on SB 5991, the Washington State Disclose Act of 2018. “The proposed legislation would require, among other things, […]
>> Federal: Washington Roundup >> Federal: What Made It Into Tax Reform? >> Federal: They Just Need a Signature… >> Federal: …And to Fund the Government >> Federal: ACR in the New Year Washington Roundup This week, the House and Senate had their plates full with tax reform legislation and funding the government. On Wednesday, […]
WASHINGTON, D.C.— The Alliance for Charitable Reform (ACR) issued the following statement on the final passage of the Tax Cuts and Jobs Act. “A vibrant economy generates the wealth that makes philanthropy possible and we applaud Congress for making economic growth a priority in tax reform. We also acknowledge lawmakers’ effort in trying to achieve […]
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WASHINGTON, D.C.— The Alliance for Charitable Reform (ACR) released the following statement upon passage of the Senate version of the Tax Cuts and Jobs Act. “We applaud Congress’ objectives of economic growth and tax simplification in tax reform, and we are grateful that both the House and Senate versions of the legislation preserve the charitable […]
One of the claims being made during the debate over tax reform and its likely effect on charitable giving is that any reduction in donations due to the increased standard deduction (estimated by a couple of sources to be between $12 billion and $20 billion annually) will be made up for by increased economic growth. […]
The time of year stretching from late November through New Year’s Eve is often known as the “Giving Season,” as many Americans not only celebrate the holidays but also find a little extra to give to charities and those in need. And while it is almost surely several places out of first on any donor’s […]
After many starts and stops over the last 30 years, Congress is poised to complete a comprehensive rewrite of the tax code. The House of Representatives passed its version of the Tax Cuts and Jobs Act on Thursday, November 16. Later that same evening, the Senate Finance Committee completed the amendment process of the Senate […]