May 18, 2012
It’s starting to look like déjà vu all over again.
We all remember the high-stakes game over raising the debt ceiling last summer. “Not pretty” is the best way to describe that exercise.
And now, we may be headed toward debt ceiling debate 2.0…
Federal | State | Proper Oversight
May 18, 2012
Highlights from the latest edition of the ACR newsletter:
ACR Blog Highlights
- What is Transparency and What Does it Mean for Philanthropic Organizations?
Washington Roundup
- Ways and Means Hearing on Nonprofits
- Process for Tax ReformConsider This…
The Debt Ceiling, It’s Back..
Charitable Deduction | Federal | State
May 4, 2012
Highlights from the latest edition of the ACR newsletter:
ACR Blog Roundup
- What Does Transparency Mean to Philanthropy and Why Should You Care?
- House Committee Holds Hearing on Tax Issues Important to Philanthropy
- Online Training Resource on Lobbying and Advocacy Worth Your Time
- Massachusetts Legislature Considers Capping Nonprofit Executive CompensationWashington Roundup
- Hearing on Expired Tax Benefits
Consider This…
Tax Reform Buzzwords
Charitable Deduction | Federal
May 4, 2012
The House and Senate are on a break this week so we thought this might be a good time to take a breath and run through some of the buzzwords and catch phrases on tax reform that might affect the charitable sector. Only a few policy makers will say “we should limit charitable giving incentives.” But that does not mean the outcome of what many policy makers are proposing will do just that.
General phrases like this that should catch your attention include:...
Charitable Deduction | Federal | Achieving Results
Apr 20, 2012
Last month, as part of the Summit for Leaders we organized a stellar team of more than 40 foundation and nonprofit leaders for our ACR Fly in/Speak Out. They fanned out across Capitol Hill to meet with 40 Congressional offices that are deeply involved in tax and philanthropic issues.
Now for the good news/bad news. By our reckoning, a good time was had by all and our message about preserving the charitable deduction, both now and when we get to tax reform, was warmly received. The bad news is that for those most in the know on Capitol Hill there were no assurances that charitable giving will be protected in the context of tax reform. Indeed, we heard on multiple occasions that when it comes to tax reform, “everything is on the table.”
Charitable Deduction | Federal
Jan 27, 2012
Ok, we admit it. We’re geeks. Policy geeks. Tax policy geeks if the truth be told.
Normally when we tell someone our specialty is tax, we get an eye roll, or worse. Unless we are with our tax policy peers, we often feel like the skunk at the garden party.
So imagine our sense of wonder over all of the activity in tax world in the last few months. First, Herman Cain gave us 9-9-9, next…
Charitable Deduction | Federal
Oct 18, 2011
Today, October 18, 2011, the Senate Finance Committee held a hearing entitled “Tax Reform Options: Incentives for Charitable Giving.”
Senators Max Baucus (D-MT), Orrin Hatch (R-UT), Benjamin Cardin (D-MD), Thomas Carper (D-DE), Charles Grassley (R-IA), and John Thune (R-SD) attended the hearing. They heard from Dr. Frank Sammartino, Assistant Director For Tax Analysis, Congressional Budget Office; Elder Dallin H. Oaks, The Quorum of the Twelve Apostles, The Church of Jesus Christ of Latter-day Saints; Dr. Eugene Steuerle, Richard B. Fisher Chair and Institute Fellow, The Urban Institute; Mr. Brian A. Gallagher, President and CEO, United Way Worldwide; and Mr. Roger Colinvaux, Associate Professor, The Catholic University of America, Columbus School of Law.
In a press release the Alliance for Charitable Reform applauded testimony in today’s hearing, which focused on incentives for charitable giving, for showing strong support for preserving the charitable deduction and ensuring giving continues to serve those in need.
Sep 9, 2011
Below is your –hopefully– handy guide to the new Congressional Super Committee (“SC”). All of Washington will be riveted by their efforts over the next 100 days. Needless to say, we are paying close attention to their work.
Federal Legislation | State Legislation
Aug 12, 2011
The latest edition of the ACR newsletter is available below. Here are highlights:
Washington Roundup:
Click continue reading for the latest edition of the ACR newsletter.
Jul 29, 2011
With just a few days to go, where do we stand on raising the debt ceiling and why should foundations care?
Obviously we all have an interest in avoiding the kind of economic Armageddon that some are predicting if we don’t raise the debt ceiling. We’ve heard from foundation leaders who are watching and waiting to see how these unsettled economic factors will impact their organizations’ investments, noting that another sharp decline could have a dramatic impact on their investments and their work. But longer term we need to be mindful about what has been put on the table over the course of this debate. If this protracted debate is any indicator the nonprofit sector is likely to be challenged like never before.
Most of the reason for these challenges can be traced to money…
