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.
Conduct Meetings with Tax Writing Committee Members
(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.
Will be Honored at 2014 Annual Meeting of The Philanthropy Roundtable in Salt Lake City
WASHINGTON, D.C.— Jon M. Huntsman Sr. has been named the 2014 recipient of the William E. Simon Prize for Philanthropic Leadership, an annual award administered by The Philanthropy Roundtable that highlights the power of philanthropy to promote positive change and to inspire others to support charities that achieve genuine results. The prize is intended to honor living philanthropists who have shown exemplary leadership through their own charitable giving, either directly or through foundations they have created.
Huntsman—a four-time cancer survivor—notably founded the Huntsman Cancer Institute (HCI), which combines research with out-patient and in-patient care, much of it informed by his own experience with cancer treatment. Huntsman built the state-of-the-art facility at the University of Utah despite being offered a one-to-one matching grant by the University of Southern California and two-to-one matching grants from both Duke and the University of Pennsylvania. Huntsman was undeterred in his decision to build HCI in Salt Lake City and even donated $10 million to seed the project.
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.
WASHINGTON, D.C.— The Alliance for Charitable Reform (ACR) issued the following statement upon the announcement that 33 Senators—17 Republicans and 16 Democrats—have signed a letter authored by Senators Ron Wyden (D-OR) and John Thune (R-SD) calling for the preservation of the “full value and scope” of the charitable deduction.
Charitable Giving Coalition Members Commend Bipartisan Support of Charitable Giving
WASHINGTON, D.C.— One-third of the U.S. Senate has joined Senators Ron Wyden (D-OR) and John Thune (R-SD) in publicly calling for the protection of the “full value and scope” of the charitable deduction in any comprehensive tax reform legislation. A total of 33 Senators—17 Republicans and 16 Democrats—signed the letter authored by Wyden and Thune that was submitted to the leadership of the Senate Finance Committee today.
Charities Will Lose $9.4 Billion if Charitable Deduction is Capped According to AEI Study
WASHINGTON, D.C.— A 28 percent cap on the charitable deduction will reduce charitable giving by $9.4 billion in one year alone, according to research discussed today at a public event by the American Enterprise Institute (AEI). The study is another confirmation that any limitation of the charitable deduction would have significant repercussions on giving.
Key Congressional Leaders Urge Fellow Lawmakers to Preserve Charitable Deduction As Hundreds From Sector Gather in D.C.
WASHINGTON, D.C. – The charitable deduction won strong bipartisan support today from key Senate leaders as more than 200 frontline representatives from the nonprofit and charitable sectors gathered in Washington, D.C. to warn that any limitations to the charitable tax deduction would have cascading consequences.
Senators Wyden and Thune Send Letter to Finance Committee Leadership
Senators John Thune (R-SD) and Ron Wyden (D-OR) – both members of the Senate Finance Committee that oversees tax policy – have authored a letter to fellow congressional members urging them to support protecting the charitable deduction. The letter underscores growing bipartisan support for the 100-year-old tax incentive that encourages charitable giving.