The Alliance for Charitable Reform is partnering with the Council on Foundations and Independent Sector to bring nonprofit leaders from across the country to Washington, D.C. on June 16 to meet with congressional leaders about current legislation supporting charitable giving. The fly-in has been dubbed “Grow Charity Now.”
Among the bills nonprofit representatives will discuss with policymakers is S. 2750, the Charities Helping Americans Regularly Throughout the Year Act, or CHARITY Act. The CHARITY Act would create a flat one-percent private foundation excise tax and expand the IRA rollover to include distributions to donor-advised funds (DAFs), and contains language encouraging Congress not to diminish the charitable deduction in tax reform. Other bills to be discussed are H.R. 4907, the Grow Philanthropy Act, which also includes the expanded IRA charitable rollover provision, and well as H.R. 640, the Private Foundation Excise Tax Simplification Act, which contains the one percent PF excise tax provision.
We encourage you to watch the two-minute video below to learn more about the provisions in the CHARITY Act. It’s also not too late to participate. If you are interested in joining us next week, please contact Sara Barba at email@example.com.