LOS ANGELES— Adam Meyerson, president of The Philanthropy Roundtable, highlighted the importance of the charitable deduction in preserving our nation’s civil society in his opening remarks at the organization’s annual meeting last Thursday.
“Philanthropic freedom is essential for a free society. This is one of the main reasons why we are fighting to preserve the charitable deduction,” Meyerson said, in praising the work of the Alliance for Charitable Reform.
In his remarks Meyerson reiterated how the charitable deduction serves to preserve the role of civil society and private institutions, which are woven into the fabric of our nation’s history.
“Independent private institutions have been part of the American character throughout our history. To protect this tradition, The Philanthropy Roundtable and our legislative arm, The Alliance for Charitable Reform, are fighting hard to protect the freedom of donors and foundations to decide where to give away their money,” Meyerson said.
Meyerson also explained how the charitable deduction serves as a safeguard between the government and private institutions.
“The charitable deduction protects the independence of both individual citizens and the charities they support,” Meyerson continued. “By excluding contributions from taxation, it reinforces the traditional American understanding that private donations belong to civil society and not to the government.”
The Philanthropy Roundtable’s annual meeting is the premier event for foundation trustees and philanthropic decision makers committed to strengthening our free society and to exploring, collaborating, and solving our nation’s greatest problems through meaningful and effective philanthropy. For more than 20 years, donors from across the country have met to share ideas, strategies, and best practices, and hear from America’s leading experts in private innovation and forward-thinking policy.