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CFW 17.05.02

Posted by National Catholic Development Conference

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

NEED-TO-KNOW NEWS

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

NEED-TO-KNOW NEWS

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

NEED-TO-KNOW NEWS

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

NEED-TO-KNOW NEWS

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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About Catholic Fundraising Weekly

Catholic Fundraising Weekly is a digest of the latest trends shaping Catholic fundraising today. The content featured in this weekly newsletter is specifically curated for Catholic fundraisers and includes news, trends, tips, and tactics, in addition to relevant news from the Catholic community and a bit of inspiration for those called to the ministry of fundraising.

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