ACR NEWSLETTER

New Study Shows Charitable Deduction Impacts Giving

Three-fourths of Americans Support Tax Incentives for Charity

The study, commissioned by Dunham+Company, looked at overall attitudes on private giving, incentives for giving through the tax code, and the demographics of who gives. Respondents in every category were clear about their support for the charitable deduction, which sends a message to Congress and President Obama as they contemplate limiting the charitable deduction to raise revenue for other priorities.

“The results of this survey reflect what ACR and the nonprofit sector know to be true: the charitable deduction and incentives to give are important,” said Sue Santa, senior vice president for public policy at The Philanthropy Roundtable. “We hope the President and Congress recognize the importance of this incentive to give in the same way the American people do.”

The study shows that cutting, capping or limiting the charitable tax deduction for those who earn over $200,000 per year, a group that currently provides approximately $100 billion per year in charitable donations, would likely result in a decrease in total donations by as much as $5 billion to $7 billion per year. 

The study was conducted by Wilson Perkins Allen Opinion Research and polled 1,000 Americans between January 5-8, 2012, with a margin of error +/- 3%. For more information on the study, go to http://www.dunhamandcompany.com.

ACR is a project of The Philanthropy Roundtable. It represents charitable donors and organizations and serves as a leading voice on support for philanthropic freedom, increased charitable giving and opposition to legislation or regulatory proposals that could limit a donor’s right to choose or diminish private giving.

For more information about ACR contact Alison Hawkins at .(JavaScript must be enabled to view this email address) or at 202-822-8333.

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