Serving Nonprofits. Strengthening West Virginia.

Charitable Giving Incentives

Federal tax law currently encourages individuals to give to charitable organizations whose missions they support by providing an itemized deduction. Policymakers in Washington are focusing on how to reduce the federal budget deficit through spending cuts, entitlement reforms, and changes to the tax code. The President, Senators, Representatives, bi-partisan commissions, and think tanks have all put forward plans to address these issues, and many propose changing the charitable giving incentive in one way or another. No one knows the true impact that any of these proposals will have on the ability of charitable nonprofits to raise the resources needed to provide the programs and services that fulfill their missions. It is imperative that Congress make no changes to the charitable deduction that threaten the ability of nonprofit organizations to serve those most in need and to continue to strengthen our communities.

Many of your nonprofit colleagues from around the country took part in the “100 Years of Giving DC Fly-In” to show policymakers in Washington the impact of giving that supports work for their constituents in every community and the broad-based support for federal policies that enable charitable nonprofits to advance their missions in communities across the country. Read on for more information on how you can join these colleagues in supporting keeping the Charitable Giving Incentives the way they are.

What You Can Do
Changes to the charitable giving incentive remain a threat as part of comprehensive tax reform. Help protect the charitable giving incentive that supports the work of nonprofits in our communities now and in the future by sharing your story here and contacting your Senators and Representatives to tell them how the giving incentive translates into impact in your community. As always, we will continue to provide you with the latest information on this important topic. You can learn more by visiting the links below.

Federal Charitable Giving Incentive, National Council of Nonprofits
How Trump’s Tax Plan Could Kill the Charitable Deduction, Town & Country