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National Catholic Development Conference

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CFW 17.06.06

Posted by National Catholic Development Conference

Date Published - Jun 6, 2017 1:29:00 PM

NEED-TO-KNOW NEWS

[ALERT] USPS – Spendthrift Monopolist

The Alliance of Nonprofit Mailers has joined with MPA - The Association of Magazine Media, and PostCom - The Association for Postal Commerce, to provide an important opinion piece.

“In the ongoing “Ten Year Review” of postal pricing, the Postal Regulatory Commission is considering whether to retain, loosen, or eliminate the CPI cap on price increases for market-dominant products. Our three associations have urged the Commission to keep the price cap unchanged. The May 12 tentative collective bargaining agreement between the USPS and the National Association of Letter Carriers (“NALC”) confirms that the USPS cannot be counted on to control its costs or prices without the CPI cap.” [Alliance of Nonprofit Mailers]

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CFW 17.05.30

Posted by National Catholic Development Conference

Date Published - May 30, 2017 1:14:00 PM

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Nonprofits Could Take $13.1 Billion Loss Under New Tax Plans

“A study of the Trump-backed tax reform plan by Independent Sector and the Indiana University Lilly Family School of Philanthropy found that two key components—an increase in the standard deduction and a lower top marginal tax rate—could cause annual charitable giving to decrease by between $9.8 billion and $13.1 billion. That decrease would likely hit religious institutions the hardest, according to the report released last week.” [Chronicle of Social Change]

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CFW 17.05.23

Posted by National Catholic Development Conference

Date Published - May 23, 2017 10:03:00 AM

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Tax reform could reduce charitable giving by up to $13 billion per year

The charitable tax deduction has been a part of the U.S. tax code for a century. During last year's U.S. presidential campaign, then-candidate and now President Donald Trump proposed capping the deduction for wealthy taxpayers but backed off that idea in his latest tax plan.

“Yet tax reform could reduce donations even if capping charitable deductions isn't part of current proposals from the White House and Republican lawmakers.” [CNBC]

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CFW 17.05.16

Posted by National Catholic Development Conference

Date Published - May 16, 2017 9:59:00 AM

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Changes to federal policies could drastically affect philanthropists, nonprofits

"When our government proposes policy changes that impact the nonprofit sector, these changes could have major repercussions. Here are just a few potential effects." [Denver Post]

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CFW 17.05.09

Posted by National Catholic Development Conference

Date Published - May 12, 2017 10:21:38 AM

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Trump Releases Tax Outline. Now What?

“…While it’s encouraging that the President wants to maintain the charitable deduction, the increased standard deduction would reduce those who itemize their deductions from about one-third to only 5 percent. That means 95 percent of taxpayers can’t take the charitable deduction.” [Alliance for Charitable Reform]

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CFW 17.05.02

Posted by National Catholic Development Conference

Date Published - May 12, 2017 10:13:31 AM

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Trump Tax Reform Save For Charities Is Illusory

“In a bare-bones tax reform outline issued today the White House says it intends to preserve the income tax deduction for giving to charity, so you’d think charities would be rejoicing. But it’s more complicated than that.

Yes, they’re applauding the fact that the outline preserves the charitable income tax deduction. But they’re fearful that another provision—doubling the standard deduction to $24,000 a couple--could decimate charitable giving.” [Forbes]

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CFW 17.04.25

Posted by National Catholic Development Conference

Date Published - May 12, 2017 10:07:20 AM

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Trump eyes cap on charitable deductions

“The Trump administration is taking a serious look at capping tax deductions for charitable contributions, according to a source familiar with the discussions.

Treasury Secretary Steven Mnuchin and Trump’s other senior advisers are mulling their next steps on tax reform, and the proposal to limit deductions for charitable giving hasn’t yet gained widespread acceptance, two officials said.” [The Hill]

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CFW 17.04.18

Posted by National Catholic Development Conference

Date Published - Apr 21, 2017 4:43:33 PM

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Tax Day Is Nigh. Here's How Personal Taxes Affect Nonprofits.

“The charitable deduction, which grant makers and charity leaders recently visited Capitol Hill to defend, is the key that links nonprofits and personal income. It is the piece of tax law that gives us a glimpse into the giving habits of Americans, boosts charitable giving, and more.

With personal-income-tax returns due to the Internal Revenue Service [today], we collected these items from our archives about taxes and nonprofits.” [Chronicle of Philanthropy]

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CFW 17.04.12

Posted by National Catholic Development Conference

Date Published - Apr 21, 2017 4:43:29 PM

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Washington Roundup

“The first item on Congress’ agenda this year was passing a health care bill that would replace the Affordable Care Act. They were on their way to doing that, but on Friday, March 24, House leadership pulled the legislation after not being able to gain enough conservative support to pass. Now, top House tax writers and the White House are indicating a pivot to tax reform.” [Alliance for Charitable Reform]

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CFW 17.04.04

Posted by National Catholic Development Conference

Date Published - Apr 21, 2017 4:43:25 PM

NEED-TO-KNOW NEWS

Your Help is Needed - Take Action Today!

"H.R. 1337 –Legacy IRA Act was introduced and referred to the House Committee on Ways and Means. The purpose of the bill is to amend the Internal Revenue Code of 1986 to expand tax-free distributions from individual retirement accounts to include rollovers for charitable life-income plans for charitable purposes." [National Association of Charitable Gift Planners]

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