Yesterday, LSA and 19 other national nonprofit groups called on Congress to act immediately to reinstate and make permanent three currently-expired charitable giving incentives, including the IRA charitable rollover and the enhanced deductions for food inventory donations and land conservation easements. There are countless examples of how nonprofits improve lives and communities every day, and these efforts are supported in large part through charitable giving. However, the repeated expiration and retroactive renewal of these incentives creates tremendous uncertainty for nonprofits and those they serve. The time for Congressional action is now. To read the full letter, developed by Independent Sector and the Council on Foundations, please click here.
LSA also joined these organizations in hosting an event on Capitol Hill to brief lawmakers on the value of these incentives. Titled "Opportunities to Encourage Charitable Giving," the briefing featured policy experts from across the nonprofit sector who spoke to the value of tax incentives that promote charitable giving, and how those we serve benefit from them. Several Members of Congress also delivered remarks, including Rep. Pat Tiberi, Co-chair of the House Philanthropy Caucus (R-OH-12); Rep. Tulsi Gabbard (D-HI-2), the lead sponsor of the bipartisan Giving Tuesday Congressional resolution; and Rep. Debbie Dingell (D-MI-12).