Federal Legislation

ACR News 10.5.18 – ACR Convenes Stakeholders to Meet with Treasury on DAFs

>> Federal: Washington Roundup >> Federal: Donor-advised Funds at Treasury >> Federal: Universal Charitable Deduction >> Federal: Disaster Relief Efforts >> Federal: Community Foundation Public Awareness Initiative >> Federal: Caught Our Eye >> Consider This: Worthy of a Charitable Deduction >> Top Reads: Charitable Giving Gets Even Worse In Second Quarter Due to The Philanthropy Roundtable’s Annual Meeting this month, […]

ACR News 7.13.18 – Tax Reform 2.0, UBIT More Than Charities Can Chew

>> Federal: Washington Roundup >> Federal: AEI Report >> Federal: State-Level SALT Workarounds >> Federal: UBIT on Parking Benefits for Employees >> Federal: Universal Charitable Deduction >> Consider This: Tax Reform 2.0 >> Top Reads: Charity Groups Fret Over Upcoming SALT-Deduction Rules Washington Roundup This month, House Ways and Means Chairman Kevin Brady (R-TX) and House Republican tax writers […]

ACR News 6.15.18 – Action at Treasury, Giving USA Annual Report, Foundation Transparency

>> Federal: Washington Roundup >> Federal: Action at Treasury >> Federal: Expanding the Charitable Deduction >> Federal: Giving USA’s Annual Report >> Federal: Caught Our Eye >> Consider This: Charitable Giving Grows, Number of Givers Shrinks >> Top Reads: The Disappearing Donor Washington Roundup Both Ways and Means Chairman Kevin Brady (R-TX) and a White House official recently said […]

Bipartisan Legislation Creating Universal Charitable Deduction Introduced

Bipartisan legislation has been introduced in the House of Representatives that will implement a universal charitable deduction. The Charitable Giving Tax Deduction Act, cosponsored by Reps. Chris Smith (R-NJ) and Henry Cuellar (D-Texas), was introduced May 11 and will allow all Americans to claim a charitable deduction regardless of itemizer status. “Charitable organizations, including churches, […]

ACR News 5.4.18 – JCT’s Bluebook, UBIT Expanded, In-District Meetings

>> Federal: Washington Roundup >> Federal: JCT’s Forthcoming “Bluebook” >> Federal: UBIT Expanded to Include Certain Employee Expenses >> Federal: Universal Charitable Giving Act >> Federal: Meetings with Members of Congress >> Consider This: America’s Disappearing Givers >> Top Reads: Working With Donor-Advised Funds: The Basics Washington Roundup Last week, the Senate Finance Committee held a hearing on the […]

Congress Respects Philanthropy

Last year Congress passed a comprehensive tax reform for the first time in more than 30 years. The law includes significant provisions that should buoy income growth and thus charitable giving. And the tax deduction for charitable contributions—unlike many others—was preserved. The bill also repealed the “Pease limitation,” which since 1991 had reduced the value […]

ACR News 4.13.18 – Keeping up with Washington

>> Federal: Washington Roundup >> Federal: Speaker Ryan to Retire >> Federal: Proposed IRS Changes >> Local: State-level SALT Workarounds >> Federal: Universal Charitable Giving Act >> Consider This: Keeping up with Washington >> Top Reads: A Fading Culture of Giving Washington Roundup Last month, lawmakers passed a $1.3 trillion spending package to fund the government through the end […]

ACR News 3.16.18 – Fixes for Glitches?

>> Federal: Washington Roundup >> Federal: Tax Reform Glitches and More Cuts >> Federal: ACR Summit for Leaders >> Consider This: Mistakes Were Made >> Top Reads: Foundations Fan Out on Capitol Hill to Press Their Case on Taxes and Other Worries Washington Roundup Last month, lawmakers passed a short-term funding package in their two-year budget deal […]

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 […]