Federal

Tax Policy and Private Charitable Giving

Eugene Steuerle Discusses a New Study on How Tax Proposals Could Affect Giving

Eugene Steuerle, who serves as the Richard B. Fisher Chair at the Urban Institute, discusses the most recent study from the Urban Institute and Brookings Institution entitled: Description and Analysis of the Camp Tax Reform Plan. Steuerle explains how the tax policy included in the draft affects the charitable sector and offers his thoughts on provisions that would help strengthen it.

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ACR News 07.28.14: House Passes Legislation, Expert Analysis of Camp Draft, Looking Ahead

>> Federal: Washington Roundup
>> Federal: Chairman Ryan Pens Op-Ed
>> Federal: Senate Continues Hearings
>> Federal: Interview with Eugene Steuerle
>> Federal: Outlook Through the End of the Year
>> Consider This: Connecting with Lawmakers in August
>> Top Reads: House strengthens tax breaks for charitable giving


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House Passes Legislation Championed by ACR

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.

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ACR News 07.11.14—ACR Hits the Hill

>> Federal: Washington Roundup
>> Federal: ACR Hits the Hill
>> Federal: Ryan Pens Op-Ed
>> Consider This: Connecting with Lawmakers
>> Top Reads: Charitable Giving Chugs Along, Up 0.9%


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ACR Leaders From Across the Country Converge on Capitol Hill

Conduct Meetings with Tax Writing Committee Members

Ryan_ACR Group 2

(From left to right) Jan Preble, John Tyler, Robert Sharpe, Joanne Florino, Rep. Paul Ryan, Gineen Bresso, Adam Meyerson, David Wills, Brent Christopher, Linda Childears, Sandra Swirski, Rhett Butler.

The Alliance for Charitable Reform (ACR) completed a full day of meetings Tuesday, July 8 with members and staff of the House Ways and Means Committee and the Senate Finance Committee. The group of foundation leaders discussed some of the charity-related proposals being considered in tax reform legislation and other issues affecting the nonprofit sector.

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ACR Blog: ACR To Meet With Lawmakers About Camp Draft, Part II

This is the second of a two-part series about the issues ACR members will discuss in meetings with congressional offices on July 8.

Our last post outlined the troubling provisions from the Camp draft that relate to the charitable deduction. In this post we will explain ACR’s concerns with the proposal related to donor-advised funds (DAFs) and identify the provisions in the Camp draft which ACR applauds.

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ACR Blog: ACR To Meet With Lawmakers About Camp Draft

This is the first of a two-part series about the issues ACR members will discuss in meetings with congressional offices on July 8.

Members of the Alliance for Charitable Reform (ACR) leadership team are set to meet with members and staff of the House Ways and Means Committee and the Senate Finance Committee on Tuesday, July 8. The group will discuss some of the charity-related proposals in the tax reform discussion draft released earlier this year by House Ways and Means Chairman Dave Camp (R-MI). ACR thoroughly examined the Camp draft and engaged its members and colleagues in the field for feedback in evaluating these provisions. ACR ultimately identified four that raise serious concerns: three related to the charitable deduction and one related to donor-advised funds. This post will highlight the three provisions related to the charitable deduction.

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ACR News 06.27.14—Tax Reform, Giving USA, Upcoming Interview with Patrick Rooney

>> Federal: Washington Roundup
>> Federal: New Senate Finance Committee Chairman Wyden Holds His First Tax Reform Hearing
>> Federal: Wyden Sets Tax Reform Timeline
>> Federal: Ways and Means Continues Piecemeal Approach
>> Federal: Upcoming ACR Interview with Dr. Patrick Rooney
>> Consider This: Mixed Messages
>> Top Reads: Giving USA 2014: Highlights


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Philanthropic Achievement of the Week

1982 - Land Trusts Take Off

Land Trusts Take Off
Land trusts, or conservancies, are private nonprofits that protect land directly by owning it. Though their roots go back to the 1890s, in just the last generation land trusts have become one of the fastest growing and most successful elements of environmental conservation in the U.S. The grandaddy of land trusts is the Nature Conservancy (see 1951 entry), but there are others operating on a national level, like the American Farmland Trust, the Wetlands America Trust affiliated with Ducks Unlimited (see 1930 entry), the Appalachian Trail Conservancy, and trusts with specialized missions like the National Trust for Historic Preservation, and the Civil War Trust.

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Donor-Advised Funds Hoping to Roll Back Spend-Down Mandate in Camp Tax Overhaul

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.

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