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.