Remember that annoying song from the show Lamb Chops Play Along called “The Song that Never Ends”?
“This is the song that never ends,
Yes, it goes on and on my friends…”
Well, this Congress is starting to feel a lot like that song…With less than two weeks to go before the election, we take this opportunity to opine on what we think might happen in a lame duck and beyond.
2010 Philanthropy Roundtable Annual Meeting—- Coverage of ACR sessions
The Chronicle of Philanthropy reports on the ACR session “Right, Left & Center: Why They Each Have a Stake in Philanthropic Freedom” at the 2010 annual meeting.
Here’s an excerpt:
Making the case that philanthropic dollars do good and benefit society isn’t going to be enough to convince lawmakers and the public that foundations deserve the freedom and tax benefits they now enjoy, William Kristol, the conservative commentator, told an audience at the Philanthropy Roundtable’s annual meeting.
Click here for the full article.
Here’s a trend to be worried about—in the search for revenue to fill budget holes, many towns, large and small are getting creative. They are taking a second look at land owned by non-profit institutions which don’t pay property taxes.
In order to get around state laws exempting these properties, city and town officials are asking for payments in lieu of taxes (PILOTs) from nonprofits. Others are asking for service fees for sewer management, fire and police protection and even street lamps.
Two weeks until we “Explore, Dream, Discover: The Power of Philanthropy” in Amelia Island, FL
ACR has a strong lineup of sessions and events scheduled for The Philanthropy Roundtable’s Annual Meeting to take place October 14-16, 2010 at the Ritz-Carlton, Amelia Island, FL. From a congressional outlook for 2011 to advancing legislation that protects philanthropic freedom across states, ACR will tackle issues important to the philanthropic sector.
It’s not too late to register!
Following are ACR sessions and events at the Annual Meeting:
The two ends of the spectrum in American politics are like the Hokey Pokey. It is either the left foot in or the right - not a lot of in-between. As the song goes…
“You put your right foot in,
You put your right foot out;
You put your right foot in,
And you shake it all about.”
As of this writing, the more conservative wing of the Republican party has its right foot in and it is shaking up the mainstream of the Republican party.
As Democrats, how they respond to a hard right in the Republican party remains to be seen…
What could that mean for the non-profit sector? We can expect more…
If you’ve been associated in any way, shape or form with a pregnancy since 1984, you’re probably familiar with the now-classic book,
What to Expect When You’re Expecting
, known as the “bible” of American pregnancy.
Sadly, there is no such guide to let us know what to expect as Congress gets ready to return for a few short weeks before heading out to campaign for the November elections – particularly when the political future for next year in Washington is so murky.
So what should we expect?
The short answer is, “not much.”
Efforts to cap the charitable deduction in New York are successful.
New York Governor David A. Paterson has signed into law a revenue bill passed by the state’s legislature that limits charitable deductions for wealthy residents. The bill includes a provision limiting the deduction for those who earn more than $10 million annually to only 25 percent of their charitable contributions, rather than the previous 50 percent. This affects approximately 3,500 New York taxpayers and would be in effect for three years (2010-2012).
For background, articles and resources click “continue reading” below.
The Chronicle of Philanthropy reports that New York Governor David A. Paterson has signed into law a revenue bill passed by the state’s legislature that limits charitable deductions for wealthy residents. New Yorkers with state-adjusted gross incomes above $10-million annually—about 3,500 taxpayers— are now able to write off only 25 percent of their charitable contributions on their state income taxes rather than the previous 50 percent.
“The last thing on earth charities need is a disincentive from the government to people who are their donors, especially their biggest donors,” says Abigail Disney, New York philanthropist and grandniece of Walt Disney.
She makes a stark prediction: “New York is a leader in philanthropy, so what New York does I can’t imagine other states won’t follow,” she said, adding: “Congress could go looking at it, too.”
Read full coverage here.
Last night, the New York Senate joined the Assembly in passing a budget plan that included a provision limiting the deduction for those who earn more than $10 million annually to only 25 percent of their charitable contributions, rather than the current 50 percent. This affects approximately 3,500 New York taxpayers and would be in effect for three years, including the current 2010 tax year. Governor David Paterson is expected to sign the budget into law.
ACR and The Philanthropy Roundtable joined efforts with other national nonprofit organizations to express opposition to this measure. ACR is also concerned that this may signal a trend we’ll see in other states and in Washington.
For full coverage, visit the Chronicle of Philanthropy.
Click here for additional background on this issue.
The Washington Legal Foundation just published its Summer 2010 edition of Conversations With…
Conversations With… The Honorable Dick Thornburgh, Dr. Larry P. Arnn, Heather R. Higgins, and Adam Meyerson
This edition is dedicated to threats to philanthropic freedom and features Former Attorney General of the United States and Pennsylvania Governor Dick Thornburgh leading a discussion with Dr. Larry P. Arnn, President of Hillsdale College; Heather R. Higgins, President and Director of The Randolph Foundation; and Adam Meyerson, President of The Philanthropy Roundtable. The three reflect on the American tradition of philanthropy and the growing movement to impose further government regulation on the philanthropic world.