is the protection of philanthropic freedom – the right of Americans to choose how and where to spend their charitable assets. A project of The Philanthropy Roundtable, ACR educates legislators and policymakers about the central role of private charitable giving in American life and the dangers of legislative or political measures that would weaken or constrain the philanthropic freedom that makes such giving possible.
Since 1917, America has recognized the value of the charitable deduction, which has served as the bedrock of our altruistic society and is a model for the world. It must continue as a fundamental tenet of our tax system.
The current two-tiered tax provision is simply a disincentive for foundations to increase giving in any one year.
"If you can’t feed a hundred people, then feed just one."
The Philanthropic Achievement of the Week will highlight significant historical philanthropic achievements throughout history that showcase the wide-reaching impact of private charitable giving. To see previous achievement spotlights, click here. This week’s spotlight is below: 1954: Getty Museum “Twentieth-century barbarians cannot be transformed into cultured, civilized human beings until they acquire an appreciation and love […]
>> Federal: Washington Roundup >> Federal: Finance Committee Approves Extenders Bill >> Federal: Presidential Candidates and the CGC Letter >> Consider This: Final Extension? >> Top Reads: Senate Panel Advances $95B Tax Break Package Washington Roundup Lawmakers are looking forward to the start of the month-long August recess next week, but they still have a […]