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National Catholic Development Conference

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CFW 18.01.09

Posted by National Catholic Development Conference

Date Published - Jan 9, 2018 1:51:00 PM

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Tax Reform: What Now?

Catholic fundraisers are beginning to analyze the potential effect the tax reform legislation will have on their organizations.

“The challenge now is for charities to take a positive approach in donor communications and provide an “antidote” to negative perceptions based on a broad-scale misunderstanding of what the final results of the new law are,” said Robert F. Sharpe, Jr. of The Sharpe Group. “Wise charitable organizations will help donors understand the benefits of these changes, as opposed to solely the adverse consequences that could have been brought about by early versions of the law.”

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CFW 18.01.02

Posted by National Catholic Development Conference

Date Published - Jan 2, 2018 1:24:00 PM

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New Rules for Computer-Generated Postage Rile Some

“After a year of study, the United States Postal Service has announced what images and subject matter it will allow on computer-generated postage created by Stamps.com, Zazzle.com and other companies.” [Alliance of Nonprofit Mailers]

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CFW 17.12.26

Posted by National Catholic Development Conference

Date Published - Dec 26, 2017 11:20:00 AM

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Tax Reform Signed into Law

President Trump signed the Tax Cuts and Jobs Act into law on Friday. We are continuing to study how this will impact nonprofits and will follow-up with further information next week.  

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CFW 17.12.19

Posted by National Catholic Development Conference

Date Published - Dec 19, 2017 1:16:00 PM

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Final Tax Bill Released

The House and Senate have released their final version of the Tax Cuts and Jobs Act, which is expected to go to final vote this week. A number of provisions in the bill are expected to prove detrimental to the charitable sector.

Chronicle of Philanthropy has an excellent summary of the provisions of the final bill.

We encourage you to continue to contact your lawmakers and urge them to vote “NO” on the Tax Cuts and Jobs Act.

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The Republican tax plan will make it more expensive to donate to your church

“Religious givers — more generous than the average American — are among millions of donors who face decreased tax incentives on their contributions under the early versions of tax bills in Congress.

That’s bad news for houses of worship as well as local charities that religious givers tend to support as generously or, in some cases, more so than their secular neighbors.” [Washington Post]

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CFW 17.12.12

Posted by National Catholic Development Conference

Date Published - Dec 12, 2017 12:13:00 PM

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Tax Reform Moves to Conference Committee

House and Senate conferees are meeting this week to negotiate a final version of tax reform to be passed to the President. While there are some similarities in the two versions of the bill, there are differences that must be worked out prior to presidential approval.

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Proposed Postal CPI Cap System Changes Bad News for All

The Postal Regulatory Commission has released its proposed changes to the Consumer Price Index cap system for postage increases and the proposal is simply bad for all concerned—customers, citizens, the Postal Service, and its employees. The PRC proposal would cause annual 7% postage rate increases for at least the next 5 years, compounding to 40%, for much of the mail that nonprofits use.

NCDC is following this proposal closely. Our partners at the Alliance of Nonprofit Mailers are having a Board of Directors meeting this week to discuss strategy and we will let you know the resulting recommendations.

More on the PRC proposal:

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CFW 17.12.05

Posted by National Catholic Development Conference

Date Published - Dec 5, 2017 11:10:00 AM

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Tax Reform: The Final Steps

The Senate passed their version of tax reform late Friday evening. The House and Senate versions will now be reconciled to create legislation to send to the President for approval prior to the winter recess on December 15.

Similar to the House bill, the Senate version expands the standard deduction, which will reduce the number of taxpayers who itemize. Experts predict this will mean a loss of billions of dollars of giving to charities next year and beyond.

Despite heavy advocating from the nonprofit sector, an “above the line” universal tax deduction was not included in the final legislation.

NCDC released this statement on the passage of the Senate bill.

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CFW 17.11.28

Posted by National Catholic Development Conference

Date Published - Nov 28, 2017 1:53:00 PM

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#GivingTuesday

Today is the sixth annual Giving Tuesday, the unofficial beginning of the year-end charitable giving season. Powered by social media and collaboration, Giving Tuesday gifts increased 40% in 2016 over 2015 and experts expect another record breaking day today. #GivingTuesday is already trending on Twitter and Facebook this morning.

Facebook and the Bill & Melinda Gates Foundation will be matching up to $2 million of funds raised on Facebook for US nonprofits. Facebook is also waiving its fees for donations made to nonprofits on Facebook this #GivingTuesday.

Last minute tips for Giving Tuesday:

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CFW 17.11.21

Posted by National Catholic Development Conference

Date Published - Nov 21, 2017 12:32:00 PM

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Tax Reform Remains Top Concern for Catholic Fundraisers

Both the House and the Senate moved forward on tax reform last week; The House passed their version of the Tax Cuts and Jobs Act on Thursday while the Senate Finance Committee completed their markup and voted to bring the bill to a full Senate vote.

The Alliance of Charitable Reform, with whom NCDC is collaborating in this matter, has a comprehensive comparison of the two bills.

We are still hoping for a companion bill that will expand the charitable deduction to all taxpayers. On Thursday, Sen. James Lankford (R-OK) introduced the Senate companion to the Universal Charitable Giving Act, which was originally introduced by Rep. Mark Walker (R-NC) in the House in October.

Call to Action

Multiple studies have shown how these bills could have potential devastating effects to nonprofits and your charitable work. It is critical to contact your senators and representatives to encourage them to expand the charitable deduction to protect giving to your mission.

CONTACT YOUR LAWMAKERS
 

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CFW 17.11.14

Posted by National Catholic Development Conference

Date Published - Nov 14, 2017 11:47:00 AM

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Tax Reform Update: Senate Bill Introduced and Possible Universal Charitable Deduction Amendment

On Thursday, the Senate Finance Committee released its version of a tax reform bill, which reflects many of the same provisions and the House version of the bill, which is known by the same name: The Tax Cuts and Jobs Act. The two bills are similar on issues like preserving the charitable deduction, the amount of the standard deduction and share of taxpayer income eligible for charitable deductions, and nonprofit executive compensation.

Notable differences affecting charities in the Senate bill include no private foundations excise tax, no reporting requirement, and no repeal of the Johnson Amendment. The Senate bill also keeps the estate tax levy in place, but doubles the size of the estate, while the House version would eliminate the tax entirely after 2024.

Universal Deduction Amendments

Now that both bills have been released, the top focus of the nonprofit sector is the addition of a universal deduction amendment. Both bills call for simplifying the federal tax structure by doubling the standard deduction and reducing the number of itemizers. However, removing the tax incentive for taxpayers to itemize their deductions has the unintended consequence of resulting in an estimated $13 billion reduction in charitable giving, which was confirmed in a memo last week from the Joint Committee on Taxation.

Two proposed amendments, one from Sens. Debbie Stabenow (D-MI) and Ron Wyden (D-OR), and one from Sens. John Thune (R-SD) and Pat Roberts (R-KS), could potentially alleviate the potential loss in charitable donations. Both bills support the idea of a “universal deduction,” which would enable non-itemizers to deduct charitable donations. The Alliance of Charitable Reform, of which NCDC is a partner, has a thorough summary of both proposed amendments.

More on tax reform:

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CFW 17.11.07

Posted by National Catholic Development Conference

Date Published - Nov 7, 2017 1:43:00 PM

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NCDC Releases Statement on Tax Reform

This week House Republicans released H.R. 1, The Tax Cuts and Jobs Act. Despite months of NCDC advocating along with our partners in the nonprofit sector for extending the charitable gift deduction to all taxpayers, rather than only itemizers, the bill does not include the measure. In addition, the bill includes provisions related to the Estate Tax, donor advised funds, university endowments, foundation excise tax, church political activity, and nonprofit executive compensation. Forecasters are predicting up to a $13 billion decrease in giving based on the current version of the bill.

“For 100 years, the Charitable Tax Deduction has been a landmark institution that exemplifies the charitable spirit of Americans. Protecting this deduction and expanding it to the greatest number of people possible encourages charitable giving by all socioeconomic levels. Tax reform should protect and expand this deduction to recognize the impact of charitable gifts, regardless of size, to support those most vulnerable in American society and worldwide,” said Sr. Georgette Lehmuth, OSF, President/CEO of NCDC.

The House Ways and Means Committee will meet next week, where there is still hope the broadened tax deduction will be added via amendment to the bill.

The Senate is expected to release its version of tax reform shortly, perhaps as early as next week.

More on the tax bill:

Giving Tuesday is fast approaching. Make sure your organization is ready!

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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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