Charitable Deduction

2018 ACR Summit for Leaders Wrap-Up

More than 200 foundation representatives and nonprofit leaders attended the 2018 ACR Summit for Leaders on March 13, our annual policy program held as part of United Philanthropy Forum’s Foundations on the Hill. Coming on the heels of the first comprehensive tax reform legislation in over three decades, attendees were anxious to hear from leaders […]

ACR News 2.23.18 – More States Considering SALT Workarounds, Continued Support for Universal Charitable Deduction

>> Federal: Washington Roundup >> Federal: Universal Charitable Giving Act >> Local: State-level SALT Workarounds >> Invitation: ACR Summit for Leaders >> Consider This: How About Never? >> Top Reads: Outlook for 2018-19 Charitable Giving Mixed Washington Roundup Earlier this month lawmakers passed a bipartisan budget deal that would lift spending levels for defense and non-defense programs over […]

Who’s SALTy? A Roundup of the States Trying to Use “Charitable” Donations as SALT Deduction Cap Workarounds

As states inch closer to implementing policies using the charitable deduction as an avenue to skirt the new cap on the deduction for state and local taxes (SALT), a recent opinion piece by Suzanne Garment and Leslie Lenkowsky in The Chronicle of Philanthropy details the importance of treating philanthropic contributions and government money as two […]

ACR News 1.12.18 – Tax Work Continues While States Get Creative

>> Federal: Washington Roundup >> Federal: No Budget, No Reconciliation >> Federal: Chairman Hatch Announces Retirement >> Federal: New Tax Writers and Subcommittee Chairs >> Federal: State-level SALT Workarounds >> Federal: ACR Summit for Leaders >> Consider This: Tax Work Continues >> Top Reads: Charities trying to gauge impact of federal tax reform on giving Washington Roundup […]

ACR Statement on Passage of Tax Cuts and Jobs Act

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 […]

ACR News 12.8.17 – A Meeting of the Minds

>> Federal: Washington Roundup >> Federal: Conference Committee: A Meeting of the Minds >> Federal: What a Will be in the Bill? >> Federal: What Comes Next? >> Federal: That Pesky Budget >> Federal: Roadmap for Action – December >> Consider This: Unintended Consequences >> Top Reads: Final Senate Bill Provides Little For Nonprofits Washington Roundup This […]

ACR Statement on Passage of Senate Tax Reform Bill

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 […]

Economic Growth (Probably) Won’t Make Up for Lost Charitable Giving

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. […]

Charitable Giving is Not a “Tax Dodge”

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 […]