Concerns loom regarding proposed charitable giving tax cuts
November 19, 2012
Many stakeholders are concerned about the proposed caps on charitable giving tax cuts and their impacts on donations if they move forward. Some worry that limiting the amount certain taxpayers are allowed to claim could have a negative impact on charitable fundraising initiatives.
As a result, the Independent Sector has launched a website that invites affected parties to weigh in the matter. Individuals can contact President Barack Obama and members of Congress through the website, which asks stakeholders to speak out against limiting the charitable deduction during the lame duck session.
At the same time, the Charitable Giving Coalition is hosting an event called "Protect Giving - D.C. Days," which provides stakeholders with the opportunity to meet with policymakers and discuss how the decision could potentially impact their organizations and efforts.
"You're either at the table or you're on it," said Kyle Caldwell, Michigan Nonprofit Association executive director, about the need for nonprofits to speak up about their concerns before it's too late. "Right now, we look like the main course."
Regardless of the outcome, Individuals, programs and organizations that rely on fundraising to fuel sustainable operations might find nonprofit fundraising software
advantageous. The solutions can facilitate the process of identifying grant opportunities, generate reports that demonstrate current financial need and showcase previous achievements.