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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New research from the Tax Policy Center has told us how charitable giving will be affected by the House tax reform bill, H.R. 1, the Tax Cuts and Jobs Act, and it’s basically what we already knew. Even though the House version of the Tax Cuts and Jobs Act (TCJA) preserves the charitable income tax […]
WASHINGTON, D.C.— Two amendments aimed at protecting and expanding charitable giving will be considered by the Senate Finance Committee this week during the markup of the Senate tax reform bill, the Tax Cuts and Jobs Act. The first is an amendment from Sens. Debbie Stabenow (D-MI) and Ron Wyden (D-OR) that seeks to prevent almost […]
>> Federal: House Tax Reform Bill >> Federal: Senate Tax Reform Bill >> Federal: JCT Analysis Tax reform is now in full swing with legislation having been unveiled in both houses of Congress and the Ways and Means Committee advancing the House version for consideration on the floor of the House. We provide all the […]
With the markup of the House Republican tax reform bill, H.R. 1, the Tax Cuts and Jobs Act of 2017, in full swing, the Joint Committee on Taxation released a memorandum yesterday that confirmed the very concerns that ACR and our partners in the nonprofit sector have been proclaiming for months. “For tax year 2018, […]
Yesterday, House Republicans issued their tax reform bill, H.R. 1, the Tax Cuts and Jobs Act. As was anticipated, the tax reform bill doubles the standard deduction, reducing the number of itemizers from one-third of Americans to about five percent. According to IRS data, this would remove the tax incentive for an estimated $95 billion […]
WASHINGTON, D.C.— The Alliance for Charitable Reform (ACR) released the following statement upon today’s release of the House Republican tax reform bill, H.R. 1, the Tax Cuts and Jobs Act. “Tax reform should help increase charitable giving by protecting and expanding the charitable deduction, making it universally available to Americans of all income levels. Charitable […]
>> Federal: Washington Roundup >> Federal: Universal Charitable Giving Act >> Federal: Annual Meeting Recap >> Federal: Roadmap for Action – November >> Consider This: Expect a Bumpy Ride >> Top Reads: Philanthropy Horror Stories: Donor Intent Gone Wrong It’s no trick. In fact, we’re giving you a treat with a Tuesday edition of the ACR Newsletter. […]
Last week, The Philanthropy Roundtable held its Annual Meeting in Scottsdale, AZ. As part of the programming, the Alliance for Charitable Reform held a panel on tax policy and charitable giving featuring Robert Sharpe, chairman of the Sharpe Group, and Sandra Swirski, ACR executive director. Pete Bird of the Frist Foundation moderated the panel which […]