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..
Federal | State | Multimedia
May 10, 2012
PHILANTHROPIC TRANSPARENCY: HOW PUBLIC SHOULD PRIVATE PHILANTHROPY BE?
Thursday, May 10, 2012 • 12:00 – 1:30 pm
Hosted by:
The Philanthropy Roundtable
The Aspen Institute Program on Philanthropy and Social Innovation
The Aspen Institute Justice and Society Program
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 | State
Apr 20, 2012
Highlights from the latest edition of the ACR newsletter:
ACR Blog Roundup
- Senate Votes Down Buffett Rule
- Outrage Continues in the U.K. on Proposal to Curb Giving Incentives
- Tax Policy Experts Debate Tax Policy, Charitable DeductionWashington Roundup
- Buffett Rule
- Toomey Tax PlanConsider This…
Sharing Your Message on the Hill
Apr 19, 2012
Key Development: Proposed rules (REG-144267-11) would allow private foundations to participate in more types of program-related investments without triggering excise tax.
Potential Impact: Rules offer series of new examples that would allow investments to qualify as PRIs for wide variety of charitable purposes.
Next Steps: Comments, requests for public hearing due by July 18.
Charitable Deduction | Federal | Press Releases | Federal Legislation
Apr 16, 2012
In an expected move, the Senate voted down the Buffett Rule today by a vote of 51 to 45. 60 votes were needed. The Buffett Rule levy’s a minimum tax of 30% on higher-income earners and, for purposes of this tax, eliminates all credits and deductions except for the charitable deduction. By singling out the charitable deduction, supporters of the bill acknowledge that the charitable deduction is different from all other deductions and credits because it is the only incentive designed to encourage Americans to give away their money. However, ACR believes that entrepreneurship and wealth-creation is vital to sustaining charitable giving. A minimum tax levied on high-income earners ultimately leaves them with less to give and it is these Americans that, study after study has shown, give the most. ACR looks forward to many further conversations with decision makers in the coming months about how we can encourage private giving, not reverse it.
Charitable Deduction | Federal
Apr 5, 2012
We’re delivering the ACR newsletter one day early before the holiday weekend. Here are highlights:
