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CFW 17.07.11

Posted by National Catholic Development Conference

Date Published - Jul 11, 2017 11:50:00 AM

NEED-TO-KNOW NEWS

Let’s Recognize and Affirm the Generosity of our Donors Before it’s too Late

Congress is currently addressing a number of critical issues which will impact the charitable community.  Changes in funding will in many cases, place greater responsibilities on the charitable sector to find additional resources where budget cuts will impact numerous programs. Concerns about healthcare reform are paramount for all of us. Tax reform is another area of similar concern for all charities.” [The Fundraisers Outlook]

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CFW 17.06.28

Posted by National Catholic Development Conference

Date Published - Jun 28, 2017 9:32:00 AM

NEED-TO-KNOW NEWS

Statements Needed from Catholic Nonprofits for Senate Finance Committee

Senate Finance Committee Chairman Orrin Hatch (R-UT) has invited the public to submit recommendations on "providing much-needed tax relief to middle-class individuals . . . and reforms to the individuals income-tax system."

NCDC, as a member of the Charitable IRA Initiative, has submitted our recommendation and request that the Legacy IRA Act (H.R. 1337) be included in the bill now being drafted by the Senate Finance Committee. (See background information on H.R. 1337)

We are now asking all Catholic nonprofits to submit short statements to Senator Hatch by July 17, 2017 at [email protected].

View a sample statement email here

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CFW 17.06.21

Posted by National Catholic Development Conference

Date Published - Jun 21, 2017 1:55:00 PM

NEED-TO-KNOW NEWS

Highlighting Religious Charitable Giving

“Among the numerous partners in the charitable sector that have been meeting with lawmakers about the potential impact of tax reform is religious givers. The religious subsector still receives the highest share of giving – $122.94 billion or 32 percent of total giving according to the 2017 Giving USA report – and would be significantly impacted by policy changes that could harm charitable giving.” [Alliance for Charitable Reform]

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CFW 17.06.13

Posted by National Catholic Development Conference

Date Published - Jun 13, 2017 1:45:00 PM

NEED-TO-KNOW NEWS

Giving by individuals grows nearly 4 percent, driving the rise in total giving; contributions to all nine major philanthropy subsectors increase

“American individuals, estates, foundations and corporations contributed an estimated $390.05 billion to U.S. charities in 2016, according to Giving USA 2017: The Annual Report on Philanthropy for the Year 2016, released today.

“Total giving rose 2.7 percent in current dollars (1.4 percent adjusted for inflation) from the revised estimate of $379.89 billion for total giving in 2015. (Please see below for a more detailed breakdown of the numbers for each philanthropic source and sector.)” [Giving USA]

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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

NEED-TO-KNOW NEWS

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

NEED-TO-KNOW NEWS

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

NEED-TO-KNOW NEWS

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

NEED-TO-KNOW NEWS

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

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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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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