WASHINGTON, D.C.— The Charitable Giving Coalition (CGC) sent a letter ​to President Biden on Monday highlighting the importance of the charitable deduction and urging the administration to prioritize protecting and enhancing charitable giving incentives in the upcoming budget proposal and future legislation. 

The Charitable Giving Coalition writes that protecting and maintaining the value of the itemized charitable deduction, as well as renewing and expanding the universal charitable deduction that expired at the end of last year, will allow nonprofits to continue to provide services for their communities.  
 
From the letter:
 
“Unlike with other deductions, taxpayers can—and will—adjust their levels of charitable contributions in response to tax code changes. At a time when demand for nonprofit services continues to be at an all-time high, incentivizing additional charitable giving from all Americans is critical.”

“Renewing and extending the universal charitable deduction, an effort with bipartisan and bicameral support in Congress, will help bolster the recent increase in small-dollar gifts and enable charitable organizations to better achieve their missions and support their workforces and communities.”
 
The CGC looks forward to working with the Biden Administration and Congress to ensure all taxpayers have access to a charitable giving incentive.

###

The Charitable Giving Coalition 
Representing private and community foundations, their grantees and independent charities, the Charitable Giving Coalition 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 United Philanthropy Forum, among others. Formed in 2009, the coalition is dedicated to preserving 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.chartiablegivingcoalition.org, @CGC_DC

Charitable Giving Coalition Sends Letter to Biden Administration Urging Protection and Enhancement of Charitable Deduction in Forthcoming Budget Proposal and Future Legislation