Today, the Council on Foundations released the following statement from President and CEO Vikki Spruill:
“Today’s White House statement on its tax reform position clarifies the first step in what will be a long process towards meaningful tax reform. We are especially pleased to see the White House recognize the importance of the charitable deduction. We look forward to seeing even greater clarity from the White House in the coming months on its position.
A tax code that supports the vital work that foundations are doing all across the country is critical. The Council will continue to be a megaphone on this issue to protect the interests of our sector and pursue policies that will allow philanthropy to keep playing a crucial leadership role in our nation, as it has done for many generations.”
About the Council on Foundations
An active philanthropic network, the Council on Foundations (www.cof.org), founded in 1949, is a nonprofit leadership association of grantmaking foundations and corporations. It provides the opportunity, leadership, and tools needed by philanthropic organizations to expand, enhance and sustain their ability to advance the common good. With members from all foundation types and sizes, the Council empowers professionals in philanthropy to meet today’s toughest challenges and advances a culture of charitable giving in the U.S. and globally.