Independent Sector Advises Congress Not to Restrict Charitable Giving

In an October 18 Senate Finance Committee hearing, Independent Sector President Diana Aviv testified that "[n]ow is the time to increase charitable giving, not inhibit the incentives that have helped strengthen our communities."  Ms. Aviv testified that U.S. nonprofits assist victims of disaster, provide economic opportunities for families in need, and alleviate poverty.  Ms. Aviv further testified that if Congress reduces the value of the charitable deduction for taxpayers earning over $200,000 dollars, it will have an enormous impact on the sustainability of non-profit organizations across the country.

See Jason Fisher, "Independent Sector Says Now Is the Time to Increase Charitable Giving," pgdc.com, Oct. 20, 2011.

Posted by William Alan Nelson II, Associate Editor, Wealth Strategies Journal