Browsing articles in "News"

Tax Reform “Blank Slate” NAE: Preserve the Charitable Tax Deduction

Jul 30, 2013   //   News  //  No Comments

By National Association of Evangelicals

Dear Chairman Baucus and Ranking Member Hatch:

In light of the committee’s “blank-slate” tax reform plan, we urge you to preserve the charitable tax deduction as it currently stands.

We are encouraged that many elected leaders recognize the value of the faith community and other charities, even as tough decisions must be made to address our nation’s fiscal challenges and reform our tax system. But, unlike some other nonprofits, our organizations and members rely heavily on private donations, and we have serious concerns that the charitable deduction continues to be threatened during this debate.

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Religious Charities Ask Congress to Save Charitable Deduction in Tax Overhaul

Jul 22, 2013   //   News  //  No Comments

By Doug Donovan

Members of a newly formed coalition of religious charities visited Capitol Hill last week to persuade members of the Senate to back the charitable deduction as they draft recommendations for a massive federal tax overhaul that must be submitted by Friday.

Lawmakers are working to meet a deadline set by Sen. Max Baucus, a Montana Democrat, and Sen. Orrin Hatch, a Utah Republican, who last month wrote in a letter to their fellow senators that the only tax breaks they plan to preserve as they draft a revision to the code are those that are proven to “(1) help grow the economy, (2) make the tax code fairer, or (3) effectively promote other important policy objectives.”

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Why Take Away America’s Incentive to Give?

Jul 19, 2013   //   News  //  No Comments

By Susan N. Dreyfus

As lawmakers take on the gargantuan task of reforming our tax code, teams of lobbyists have already begun to line up to defend tax credits and exemptions that support special interests. There is one group of Americans, however, who do not have access to lobbyists and lawyers. They are the 1 in 5 American children who currently live below the poverty line. And a vital source of support for them may be in serious jeopardy.

In recent reports from the Senate Finance Committee and the Joint Committee on Taxation, policymakers outlined several proposals for reforming the popular charitable-giving tax exemption, which has been a part of the U.S. tax code since 1917. Among them were proposals to cap itemized deductions, convert the charitable deduction into a tax credit and impose a threshold for charitable contributions.

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The Heat is On: Tamper with the charitable deduction and communities, needy lose

Jun 6, 2013   //   News  //  No Comments

By Rev. Larry Snyder

Nonprofit organizations that depend on the generosity of donors are currently facing an urgent threat as Congress considers proposals that will upend the charitable tax deduction.

The Senate Finance and House Ways and Means committees have presented tax reform options to modify the charitable deduction as they consider overhauling America’s tax system.The Charitable Giving Coalition, a group of more than 60 diverse nonprofits, foundations and other charitable organizations serving communities across the nation, is working to ensure there is a clear understanding of how tampering with the charitable deduction could impact giving and hurt those who need help the most.

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Charitable Coalition to President: Don’t Do It

May 15, 2013   //   News  //  No Comments

The Charitable Giving Coalition, a group of nearly 50 associations and nonprofits, sent a letter to President Obama urging him to not go forward with new limits caps or other proposals that would limit charitable deduction.

“We appreciate that there are significant decisions ahead to address our fiscal challenges. But, tampering with the 100-year-old charitable deduction is not a viable solution. Such a move would spell disaster for the vital programs and services of thousands of charitable organizations and the millions of Americans who rely on them each day…,” the letter reads.

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Nonprofit Coalition Urges President to Reconsider Cap on Tax Deductions

Apr 12, 2013   //   News  //  No Comments

In an open letter to President Obama, the Charitable Giving Coalition, a group of nonprofits and advocacy organizations working to preserve the charitable deduction in its current form, argues that the cap on deductions for the wealthy included in the administration’s 2014 budget proposal “would spell disaster for the vital programs and services of thousands of charitable organizations and the millions of Americans who rely on them each day.”

As expected, the budget plan released by the White House on Wednesday includes a 28 percent cap on the value of all itemized deductions — including the deduction for charitable giving — for taxpayers earning more than $200,000 a year ($250,000 for joint filers). While the president has been pushing for such a cap since 2009, Independent Sector noted in a statement issued in response to the proposal that it “seems at odds with the budget’s Buffett Rule provision, which exempts the charitable deduction from the elimination of itemized deductions for taxpayers who earn more than $1 million.” The so-called Buffett Rule proposes a minimum effective tax rate of 30 percent for joint filers earning more than $1 million.

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Nonprofit Coalition Creates New Charitable Deduction Website

Apr 4, 2013   //   News  //  No Comments

By Zack Halper

As budget season in Washington, D.C. begins to heat up, a coalition of nonprofits has created a new website that advocates leaving the charitable deductions out of budget talks between the White House and lawmakers.

The new site,, was created by the Charitable Giving Coalition, a group of 60 nonprofits — including the Association of Fundraising Professionals (AFP) and Independent Sector — dedicated to protecting the charitable deduction. The goal of the new site, according to Coalition, is to “provide user-friendly, accessible information about the vital role of charitable giving in America’s communities.”

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Foundation Leaders Urge Congress to Leave Charitable Tax Deduction As Is

Mar 22, 2013   //   News  //  No Comments

Gathered in Washington, D.C., earlier this week for the annual Foundations on the Hill event, leaders from the philanthropic and nonprofit sectors urged lawmakers to think twice about modifying the charitable deduction as part of any solution to the country’s fiscal dilemma.

Sponsored by the Council on Foundations, the Alliance for Charitable Reform, and the Forum of Regional Associations of Grantmakers, the event convened hundreds of leaders from the philanthropic sector to discuss the link between charitable giving and healthy communities. Last week, Democrats in the Senate put forward a budget plan that limits or caps itemized deductions, including the charitable deduction, putting at risk billions of dollars in charitable donations.

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Charities grapple with Washington’s fiscal chaos

Feb 20, 2013   //   News  //  No Comments

By Haviv Rettig Gur

NEW YORK – The fallout from the fiscal chaos gripping Washington in recent weeks – indeed, in recent years – will not pass over the American Jewish and nonprofit communities, according to key lobbyists for the nonprofit sector.

Washington’s budget battles pose several potentially severe risks for nonprofits that depend on charitable dollars. In particular, charities are concerned about the automatic budget cuts known as “sequestration” and possible changes to the federal charitable tax deduction that could significantly reduce the tax incentives for charitable giving, especially for the wealthiest donors.

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Federations ask Congress: Defend charity deductions

Feb 20, 2013   //   News  //  No Comments

By Robert Wiener

The NJ State Association of Jewish Federations endorsed a national effort by nonprofits to ensure income tax deductions for charitable contributions.

As a member of the Center for Non-Profits, the association backed a letter sent by the center’s executive director to Rep. Bill Pascrell (NJ D-Dist. 9), a member of the House Ways and Means Committee.

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