Join United Philanthropy Forum and the broader philanthropic sector in support of the Charitable Act (S.566), a bill that would implement a Universal Charitable Deduction (UCD). For private foundations, advocacy and lobbying activities in support of the universal charitable deduction falls under the self-defense exception. Private foundations may participate in direct lobbying activities for this legislation and other legislation designed to protect the charitable deduction.
On March 1, 2023, Senators James Lankford (R-OK) and Chris Coons (D-DE) introduced the Charitable Act. The bill allows individual taxpayers who do not otherwise itemize their tax deductions a deduction in taxable years beginning in 2023 or 2024 for charitable contributions. The deduction is limited to one-third of the standard deduction allowed to such taxpayers.
This bi-partisan bill currently has 13 co-sponsors, 7 Democrats and 6 Republicans.