WASHINGTON, D.C.— The Alliance for Charitable Reform (ACR) will meet with congressional leaders on July 13 to discuss issues affecting the charitable sector, such as the potential effect of tax reform on charitable giving. ACR will bring nonprofit executives from across the country to D.C. for the event entitled “Champions for Charity.”
“In this year of tax reform, and with so many issues affecting our nation’s charities in play, it is crucial for legislators to understand how policy implemented in Washington will affect charitable giving,” said Sandra Swirski, executive director of ACR.
ACR is among several leaders in the charitable sector educating lawmakers about the unintended consequences of tax reform – such as the effect reducing the number of itemizers could have on charitable giving. According to IRS data, doubling the standard deduction and reducing the number of itemizers from one-third of Americans to about five percent would put an estimated $95 billion of charitable giving at risk. ACR has presented a universal charitable deduction, or expanding the charitable deduction to all Americans, as a solution to protect charitable giving.
“The nonprofit sector is actively engaged in championing policy that protects those most vulnerable among us who rely on charitable services. We are grateful members of Congress are taking the time to meet with nonprofit leaders to learn about these issues firsthand and how charitable giving can not only be preserved but even expanded,” Swirski said.
Participants in the Champions for Charity event include Dave Wills of the National Christian Foundation (Alpharetta, Georgia); Heather Higgins of the Randolph Foundation (New York, NY); John Tyler of the Ewing Marion Kauffman Foundation (Kansas City, Missouri; Xavier Peña of the Houston Endowment (Houston, Texas); Mason Rummel of the James Graham Brown Foundation (Louisville, Kentucky); Tom Riley of the Connelly Foundation (Conshohocken, Pennsylvania); David Austin of the M.J. Murdock Charitable Trust (Vancouver, Washington); Linda Evans of the Meadows Foundation (Dallas, Texas); and Holly Stubbing of the Foundation for the Carolinas (Charlotte, North Carolina), among others.