Charitable Deduction | Federal
Dec 15, 2011
ACR, Coalition Send Letter to Chairman Baucus—Protect the Charitable Deduction
Today, ACR joined a coalition of national nonprofit organizations in sending a letter to Senate Finance Chairman Max Baucus (D-MT) reminding him of the importance of preserving the charitable giving through the charitable deduction.
They note: “As 2011 comes to a close, Americans begin to increase their philanthropic activities in conjunction with the holiday season. In turn, charities across the country are undertaking yearend fundraising campaigns to ensure that they have the necessary resources to provide critical philanthropic services that ensure shelters for the homeless, food for the needy, healthcare services for those who lack access, programs that improve civic and cultural vitality and other necessary endeavors. These campaigns rely heavily upon charitable contributions from individuals, many of whom receive a tax deduction for those contributions. For this reason, as a coalition representing a broad cross-section of nonprofit organizations across the country, we urge you to continue to preserve the charitable deduction during future discussions associated with deficit reduction, expiring tax cuts and other related tax measures…”
Download the full letter below.