The Charitable Deduction: How Tax Reforms Could Affect Foundations
Submitted by Monica on June 6, 2017
The Council on Foundations had published an informative update on how potential federal tax reforms affecting the charitable deduction (which allows individuals to write off contributions to nonprofits on their taxes) could negatively impact giving to private foundations. To mitigate consequences of changes to the charitable deduction, the Council encourages funders to advocate for “a universal charitable deduction as a part of tax reform.” The update from Council offers detailed information on how private foundations can engage in advocacy and lobbying on this issue.