Senate Legislation Aims to Expand Charitable Giving, Urges Protection of Charitable Deduction
WASHINGTON, D.C.— Senator John Thune (R-SD) and Senate Finance Committee Ranking Member Ron Wyden (D-OR) introduced today S. 2750 – the Charities Helping Americans Regularly Throughout the Year Act, or CHARITY Act – which includes three provisions strongly supported by the Alliance for Charitable Reform (ACR): a flat one-percent private foundation excise tax, an expansion […]
Tax Extenders Makes Charitable Provisions Permanent
WASHINGTON, D.C.— The Alliance for Charitable Reform (ACR) issued the following statement upon the release of a legislative package of tax provisions commonly referred to as tax extenders. “We are pleased that the year-end tax bill provides certainty to donors and charities by permanently extending three key charitable giving incentives. ACR and our partners in […]
The End-of-Year Push, Donor Privacy Threat Emerges
>> Federal: Proposed Regulation Threatens Donor Privacy >> Federal: Outreach Campaign >> Federal: Legislative Update >> Top Reads: Congressional Leaders Expect Funding Deal to be Unveiled Monday Proposed Regulation Threatens Donor Privacy The U.S. Treasury Department and the Internal Revenue Service published proposed regulations in September that would permit, but not require, charities to file […]
(VIDEO) Do Donor-Advised Funds Warrant Congressional Action?
Last month, the Boston College Forum on Philanthropy convened a conference examining the issue of donor-advised funds. Joanne Florino, senior vice president of public policy at The Philanthropy Roundtable, was invited to participate on one of the panels: The Rise of Donor-Advised Funds: Should Congress Respond. The video of the panel is available below.
Contact Your Members of Congress on Charity Legislation
With the year-end tax bill now being negotiated, we are urging members of Congress to push to include two provisions aimed at increasing charitable giving – and we need your help! With our champions on Capitol Hill asking us to weigh in with their colleagues, we are providing you with instruction on how to contact […]
Tax Reform Working Groups Release Reports
The Senate Finance Committee released its much-anticipated Working Group reports on Wednesday. The reports do not offer specific policy recommendations, but instead review current proposals potentially worthy of additional consideration. Sens. Grassley (R-IA), Enzi (R-WY), and Stabenow (D-MI), co-chairs of the Individual Working Group, reinforced this caveat in their report. “The Working Group does not make […]
High Noon For Charity?
A recent New York Times op-ed by David Callahan offers a long list of inaccuracies and dangerous ideas regarding the regulatory oversight of charities. Callahan is the founder and editor of the Inside Philanthropy digital media site. His piece was ostensibly written in response to recent charges brought by federal and state authorities against four […]
Potential of Donor-Advised Funds in our Philanthropic Capital
Howard Husock, the vice president for policy research at the Manhattan Institute, published a report in April discussing the importance of protecting donor-advised funds (DAFs) from regulation that would damage their positive impact on charitable giving. The report, “Growing Giving: American Philanthropy and the Potential of Donor-Advised Funds,” highlights several ways in which philanthropy would suffer […]
The Manhattan Institute defines donor-advised funds (DAFs) as individual charitable-giving accounts housed within “sponsoring organizations”—notably, national DAF sponsoring organizations, community foundations, and single-issue charities. DAFs allow donors to deposit cash and other assets and avail themselves of a federal tax deduction, for the same tax year, for the full value of their donation. With the exception […]