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The Alliance for Charitable Reform’s overarching goals and principles include:
- Increase and Expand the Private Philanthropic Sector
- Expand Resources Available for Charitable Activities
- Value the Important Role of Family Charitable Commitments in America
- Improve Financial Transparency and Accountability of Charitable Sector
- Enforce and Simplify Existing Laws Before Adding New Laws or Outsourcing the IRS’s Oversight and Enforcement Functions to Third Parties
- Impose Stricter Penalties on Wrongdoers without Punishing Inadvertent Violators
- Avoid a “One Size Fits All” Approach
Enhance and Enforce Existing Law
- Excise taxes Paid by Private Foundations and fees and taxes collected from Public Charities should be dedicated exclusively to fund IRS Enforcement of Exempt Organization (proposed in the SFC Staff Discussion Draft).
- Increase Excise Taxes, Sanctions and Other Penalties for Wrongdoers (proposed in the SFC draft and in the JCT Study).
- Modify and Simplify the Form 990 series to improve financial reporting (proposed in the SFC staff draft).
- Expand electronic filing of Form 990/990‑PF by all charities and foundations and penalties for failure to correctly file. (proposed in the SFC staff draft).
- The IRS should utilize its current reviewing capabilities during the five-year advance ruling period before establishing some new or additional ‘initial review’ system.
- Impose a tax on property that is transferred from a charitable entity to a for-profit entity (proposed in the JCT study and SFC staff draft).
- Make tax-exempt entities and their managers subject to penalties for facilitating tax shelter transactions (proposed in the JCT study and SFC staff draft).
Increase Philanthropy and Expand Resources Available for Charitable Activities
- Reduce the net investment income tax on foundations from percent to 1 percent (passed by the House as part of H.R. 7 – the House version of the CARE Act and in the President’s FY’06 budget).
- Enhance incentives that encourage foundations to exceed current targets for grant-making (proposed in the SFC staff draft).
- The Alliance supports restricting certain administrative expenses of private foundations (passed by the House as part of H.R. 7 – the House version of the CARE Act).
- Improve valuations of in-kind property contributions (proposed in the SFC staff draft).
The Alliance for Charitable Reform is a project of the Philanthropy Roundtable, a 501(c) (3) tax-exempt organization. The Alliance is proud to represent charitable organizations, including private foundations, and specifically family foundations, as well as public charities.
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