Charities grapple with Washington’s fiscal chaos
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 […]
Federations ask Congress: Defend charity deductions
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 […]
UNITED WAY: Advocating to preserve the charitable tax deduction
By Kevin J. Wilhelm On Valentine’s Day, 14 state and local United Way CEOs, as well as United Way Worldwide CEO Brian Gallagher, testified before the U.S. House of Representatives Ways and Means Committee about preserving the charitable tax deduction and the central role that charitable giving plays in strengthening communities. Gallagher urged the committee […]
Over 40 Nonprofit Officials and Experts to Testify on Charitable Deduction
By Suzanne Perry More than 40 nonprofit leaders and experts are scheduled to testify on Thursday at a Congressional hearing on proposals to modify the charitable deduction. The House Ways and Means Committee, sponsor of the hearing, will receive testimony from representatives of trade associations including the Association of Fundraising Professionals, Council on Foundations, Independent […]
New Limits On Tax Deductions May Reduce Donations, Charities Fear
WASHINGTON (AP) — Charities and nonprofit organizations are worried that new limits on tax deductions for high earners will hurt donations just as charitable giving is starting to rebound from the depths of the recession. Experts doubt the new limits on deductions will have much impact on giving, but some major nonprofit organizations fear they’re […]
How Charities Won a High-Stakes Battle on Donor Tax Breaks
By Doug Donovan and Suzanne Perry Washington The threat that a deficit-cutting Congress might limit the value of the charitable deduction has ignited a brand of advocacy that is rarely seen in the nonprofit world. Hundreds of charities across the country contacted lawmakers last month to urge them to reject proposals they say would dampen […]
Key Players in Fiscal Cliff Tax Issues
By Doug Donovan and Suzanne Perry As Congress haggled over ways to avert the “fiscal cliff,” the White House asked nonprofits to support its efforts to raise taxes on the wealthiest Americans to counter Republican efforts to reduce the budget deficit mostly through spending cuts. Some groups agreed to make President Obama’s case to their […]
Let’s Be Honest About What the Fiscal Cliff Means for Nonprofits
By Michael King Let’s be honest about the “fiscal cliff” and the faulty logic that claims that charitable tax deduction is a benefit for the wealthy that won’t be missed. Political leaders touting this bromide are justifying proposals to redirect these dollars away from important work happening in communities nationwide. Congress is seriously considering caps […]
Fiscal Cliff Leaves Non-Profits on Edge
By Alex Rogers Charities are worried this may be the last season of giving. As Congress grapples with tax reform and deficit reduction, lawmakers are looking at limiting some long-standing tax deductions, including the one for charitable giving, as a way to raise revenue.
Don’t Eliminate the Charitable Tax Deduction
By Larry Snyder and Brian Gallagher Brian Gallagher is president and CEO of United Way Worldwide. Father Larry Snyder is president of Catholic Charities USA. The season of giving is a time to focus on what we hold dear. Hurricane Sandy certainly demonstrated that what we take for granted is what we miss most when […]