The Charitable Giving Coalition is encouraged by the historic giving levels reported in the 2021 GivingUSA Report released today. GivingUSA 2021 reports on total charitable giving during calendar year 2020. According to the new report, total giving reached a record high
Charitable Giving Coalition Encouraged by Exclusion of Cap on Charitable Deduction in FY 2022 Budget Proposal
WASHINGTON, D.C.— In response to President Biden’s Fiscal Year 2022 budget proposal released today, the Charitable Giving Coalition (CGC) issued the following statement: The Charitable Giving Coalition is encouraged to see President Biden’s Fiscal Year 2022 budget request released today
The Charitable Deduction Is a Lifeline, Not a Loophole
In a recent New York Times column, Biden Aides Quietly Say His Tax Increases Would Help Charities, the author appears to characterize charitable giving as a “new workaround” to proposed tax increases on the wealthy. Later on, an analyst from a think tank is quoted saying charitable
Charitable Giving Coalition Encouraged Cap on Charitable Deduction Not Included in American Families Plan
WASHINGTON, D.C.— In response to President Biden’s American Families Plan proposal released on Wednesday, the Charitable Giving Coalition (CGC) issued the following statement: We’re encouraged that the American Families Plan did not reduce the value of the charitable deduction, by
Letter to Treasury Secretary Yellen on Protecting the Charitable Deduction
On April 16, the Charitable Giving Coalition sent the below letter to Treasury Secretary Janet Yellen, highlighting the importance of protecting the full scope and value of the charitable deduction when considering tax reform proposals. You can find a PDF
Nonprofits Support the Universal Giving Pandemic Response and Recovery Act, Urge Inclusion in Next Tax Package
Add your organization to the endorsement list here. Our nonprofit organizations strongly support the bipartisan Universal Giving Pandemic Response and Recovery Act (S. 618, H.R. 1704), as introduced, and urge Congress to include this bill in the next COVID-19 relief/recovery
Fundraising Effectiveness Project Reports 10.6 Percent Increase in Giving in 2020
This week, the Fundraising Effectiveness Project released their fourth quarter fundraising report for 2020, which tracks changes in donors, donations and donor retention year over year. The report showed a 7.3 percent increase in donors and a 10.6 percent increase
Charitable Giving Coalition Supports the Universal Giving Pandemic Response and Recovery Act
WASHINGTON, D.C.— The Charitable Giving Coalition (CGC) applauds the introduction of the Universal Giving Pandemic Response and Recovery Act by a bipartisan, bicameral group of lawmakers. The bill would increase the cap on the temporary universal charitable deduction from $300/$600
Charitable Giving Coalition Supports the Charitable Giving Tax Deduction Act
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
Charitable Giving Coalition Sends Letter to Lawmakers on Priorities for the 117th Congress
The Charitable Giving Coalition sent the following letter to Senate and House leaders and tax writers, sharing with them recent data on charitable giving and encouraging Congress to expand and extend the universal charitable deduction. You can find a PDF of