Jul 6, 2009
Controlling Foundations by Their Purse Strings
Sue Santa guest blogs on the U.S. Chamber of Commerce’s Business and Civic Leaders blog about the release of the Roundtable’s recent report How Public is Private Philanthropy?
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Good
GivingPhilanthropy thrives when individuals pursue their passions.
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Achieving
ResultsPrivate philanthropy is efficient, flexible and focused on achieving specific results.
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Proper
OversightACR believes in transparency and the enforcement of current oversight laws.
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Lowered Cap on the Charitable Deduction Now Law in New York
Governor David Paterson has signed into law a measure passed by both the New York State Assembly and Senate that significantly reduces the charitable deduction for high income New Yorkers. It allows donors earning $10 million or more to deduct only 25% of their contribution, cutting the deduction by one-half from the current cap of 50%. The provision in the budget plan runs for three years, including the current 2010 tax year.
The Alliance for Charitable Reform has vigorously opposed similar proposals at the Federal level and is an active member of a coalition that monitors this issue here in Washington. We have voiced our opposition to the New York provision.
ACR Newsletter
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PRESSING TOPICS
MOST VIEWED
- Aug 10, 2010 ALERT - N.Y. Governor Signs Into Law Limits on Charitable Deductions
- Aug 4, 2010 New York Passes Budget, Trims Charitable Deduction for Thousands of New Yorkers
- Aug 3, 2010 Discussion on American Philanthropy & Threats to Philanthropic Freedom
- Jul 30, 2010 Hot Off the Presses
- Jul 30, 2010 Sacrificing “Sacred Cows”
RESPECTING FOUNDATION & CHARITY AUTONOMY
Legally speaking, How Public is Private Philanthropy?
A new law review by John Tyler and Evelyn Brody, the authors of The Philanthropy Roundtable’s 2009 monograph, revisits this topic.
Florida legislation passed
On May 27, 2010, Governor Charlie Crist of Florida signed into law Senate Bill 998 which protects Florida foundations and the charities they support. ACR, along with a coalition of key legislators, foundations, philanthropic associations and policy organizations, advanced this legislation. For more on this story click here.
©2009 The Alliance for Charitable Reform is a project of The Philanthropy Roundtable, a 501(c)(3) tax-exempt organization.
ACR represents charitable organizations, including private foundations, family foundations, and public charities.
ACR represents charitable organizations, including private foundations, family foundations, and public charities.