WASHINGTON, D.C.— Charitable Giving Coalition (CGC) chair Brian Flahaven released the following statement in response to Representatives Chris Smith (R-NJ) and Henry Cuellar (D-TX) reintroducing the Charitable Giving Tax Deduction Act (H.R. 1081), which will incentivize all taxpayers to give to charity by creating a permanent universal charitable deduction:
The Charitable Giving Coalition applauds Representatives Chris Smith and Henry Cuellar for their commitment to democratizing the charitable deduction and supporting charities across the country.
Recent data shows total giving increased by 7.6 percent in the first nine months of 2020 compared to 2019, which suggests the temporary UCD is working to encourage additional giving. Enacting a permanent universal charitable deduction, without a cap, for all taxpayers will provide donors with certainty and encourage even more giving when charitable organizations need it the most.
Our coalition looks forward to working with Reps. Smith and Cuellar and their congressional colleagues to get a more robust charitable giving deduction over the finish line.
The Charitable Giving Coalition Representing private and community foundations, their grantees and independent charities, the Charitable Giving Coalition’s members include United Way Worldwide, the Salvation Army, Catholic Charities USA, the American Council on Education, Jewish Federations of North America, the American Institute for Cancer Research, the Association of Fundraising Professionals, Independent Sector, the Council on Foundations, and The Philanthropy Roundtable, among others. Formed in 2009, the coalition is dedicated to preserving and enhancing the charitable giving incentive that ensures that our nation’s charities receive the funds necessary to fulfill their essential philanthropic missions. The coalition provides a unique and unified voice on Capitol Hill on issues affecting the charitable deduction, a voice composed of both direct lobbying and robust grassroots advocacy. www.charitablegivingcoalition.org, @CGC_DC