Protect Charitable Giving
Charitable contributions are the lifeblood of the nonprofit sector and account for up to 40 percent of a nonprofit arts organization’s annual budget. Right now, Congress and the White House are considering major tax reform measures to raise new revenue for the federal government. Some legislators are considering limits to the charitable tax deduction in order to retain more tax revenue. This recommendation is both short-sighted and harmful to many arts organizations.
If this succeeds, it will be at the expense of much needed charitable contributions to thousands of nonprofit organizations across the country. Harmful tax code changes impacting the charitable deduction would set off a cascade of consequences undermining our economy, as well as cultural programming and services that millions of Americans rely on. For nearly 100 years, the charitable deduction has served as a model of our altruistic society and it must continue to be a fundamental tenet of our income tax system
Here is the link to sign the petition to protect charitable giving incentives.
Americans For The Arts Action Fund