11/20/11 Charitable organizations struggle with how tax law changes will affect donations -- Washington Post
11/22/11 'Super Committee' Breakdown Could Hurt Nonprofits -- Chronicle of Philanthropy
Nonprofits worry they'll take a hit in debt-reduction proposals -- Palm Beach Daily
Charitable Deduction Not Discussed at Deficit Talks -- Chronicle of Philanthropy
Non-profits brace for impending strain on large gifts -- Rochester Business Journal
Obama Unites Country on Charitable Tax Donations -- The Fiscal Times
Video: Arts Leaders Take to Capitol Hill to Talk About Tax Breaks -- Chronicle of Philanthropy
Charitable Deduction Cap Pulled From Bill -- Nonprofit Times
Nonprofits Lobby to Keep Charitable Deductions -- Nonprofit Times
Lukewarm Response for Jobs Bill Payment Plan -- Roll Call
Why Obama’s Jobs Bill Could Be Bad for Charity -- Wall Street Journal
Obama’s Jobs Bill Includes Plan to Limit Charitable Deductions for the Wealthy-- Chronicle of Philanthropy
Charitable Deduction Could Be Under Threat in Coming Deficit-Panel Talks-- Chronicle of Higher Education
Charitable Deduction Not Touched in Debt-Ceiling Deal-- Chronicle of Philanthropy
Key Senator Asks Whether Charity Tax Break Is Fair to All-- Chronicle of Philanthropy
Bill to Improve Government Support for Charities Faces a Tough Climb-- Chronicle of Philanthropy
By Diane Freda, Bloomberg BNA
Reproduced with permission from Daily Tax Report, 204 DTR G-7 (Oct. 22, 2014). Copyright 2014 by The Bureau of National Affairs, Inc. (800-372-1033)
Oct 21 - A five-year spend-down requirement for donor-advised funds might be eliminated in future drafts of the Tax Reform Act of 2014, a House Ways and Means senior staff member said.
ACR Priorities Among Five Charity-Related Bills Passed by the House of Representatives
WASHINGTON, D.C.— Two legislative priorities of the Alliance for Charitable Reform (ACR) were included in a package of five charity-related bills—HR 4719, the America Gives More Act—passed today by the House of Representatives. The ACR priorities included in the package will streamline the private foundation (PF) excise tax to a flat one percent rate and give people until April 15 to make charitable contributions applicable to the previous year.
By Diane Freda, Bloomberg BNA
Reproduced with permission from Daily Tax Report, 108 DTR G-1 (June 5, 2014).
Copyright 2014 by The Bureau of National Affairs, Inc. (800-372-1033) http://www.bna.com
Donor-advised fund representatives are hoping to dial back a proposed five-year spend down requirement that would be imposed on funds as part of House Ways and Means Committee Chairman Dave Camp’s (R-MI) draft Tax Reform Act of 2014.
Under the Camp discussion draft, donor-advised funds (DAF) would be subject to a 20 percent excise tax on DAF contributions that aren’t disbursed to charities within five years. The tax would apply in every year the donor-advised fund fails to make the distribution
Killing a payout requirement entirely may be difficult to accomplish, Sandra Swirski, executive director for the Alliance for Charitable Reform, told Bloomberg BNA June 3.
Budget Proposal Also Includes the Buffett Rule
WASHINGTON, D.C.— The Alliance for Charitable Reform (ACR) issued the following statement upon the release of President Obama’s budget proposal for fiscal year (FY) 2015, which includes a 28 percent cap on the charitable deduction, the Buffett Rule and a streamlined private foundation excise tax.
A Look at Some of the Stories of 2013
The holiday season is upon us, presenting an opportunity to reflect on the previous year. In that spirit, we have taken a moment to revisit some of the key events and news stories of 2013. We wish all of you a happy holiday season and look forward to a new year of continuing the critical work of educating legislators about the importance of preserving policies that encourage charitable giving and protect philanthropic freedom.
By Jeff Jacoby
When it comes to charitable giving, America is a world-beater. According to Giving USA, an annual compendium of national data on philanthropy, Americans last year donated more than $316 billion to charity, or roughly 2 percent of GDP. Contrary to popular belief, most of that money didn’t come from foundations or corporations. It came from individuals. In 2012, donations from private American households added up to about $223 billion.
LOS ANGELES— Adam Meyerson, president of The Philanthropy Roundtable, highlighted the importance of the charitable deduction in preserving our nation’s civil society in his opening remarks at the organization’s annual meeting last Thursday.
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