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DO YOU HAVE 5 MINUTES FOR PHILANTHROPY?

As the end of 2015 nears and Congress gears up to take action before the session ends, the philanthropic sector is coming together to make our voice heard.

Several important charitable “tax extenders”—including the IRA Charitable Rollover and the enhanced deductions for conservation easements and contributions of food inventory—need to be extended before the end of this year. These charitable provisions were retroactively extended for one year last December, with just two weeks left in the year.

This year, we urge Congress to consider the negative implications that retroactive extension has on the ability of charitable organizations to do important work in our communities across the country. These tax extenders should be made permanent.

Congress listened, and the House passed the Protecting Americans from Tax Hikes Act of 2015 (PATH) with a bipartisan vote of 318 - 109. Included in this bill are: 

  • A permanent extension of the IRA charitable rollover provision
  • A permanent extension of the deduction for contributions of food inventory
  • A permanent extension of  the qualified conservation easement deduction
  • A permanent extension of the UBIT exception for certain payments by controlled entities
  • A permanent extension of the basis adjustment for S Corporation’s making charitable contributions

We encourage you to use the tools below to now contact your Senators and ask them to support this bill.

We also urge Congress to be proactive in policymaking to support philanthropy. Expanding the IRA Charitable Rollover to allow gifts to donor advised funds, and simplifying the private foundation excise tax would strengthen charitable initiatives, and amplify the positive impact of philanthropy across the country.

FIND INFORMATION AND SAMPLE MESSAGES BELOW

PATH + IRA Rollover Expansion & Simplification of Private Foundation Excise Tax

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