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(12-23-11) The Partnership for Philanthropic Planning is pleased to announce its governing officers for next year. These five individuals will serve on PPP’s Executive Committee and will help lead the Board of Directors throughout 2012.
Chair:
Michael W. Kateman, executive director, development, alumni and public relations, Columbia College, Columbia, MO
Chair-elect:
Jeffrey Lydenberg, vice president, consulting, PG Calc Inc., Cincinnati, OH
Secretary:
Jill Dodd, partner, Manatt, Phelps & Phillips, LLP, San Francisco, CA
Treasurer:
Melanie Schnoll Begun, managing director, Morgan Stanley Smith Barney Philanthropic Services, New York, NY
Conference Program Chair:
Greg Sharkey, senior philanthropy advisor, The Nature Conservancy, Granville, OH
(12-20-11) Statistics Canada has released
2010 statistics on charitable donors, based on Canadian tax filers. Donations were up 6.5 per cent from 2009. The number of donors increased 2.2%. The national median donation was $260, which was $10 more than the median in 2009.
Gift planning standards and
best practices, research, mentoring and
education result in better charitable gifts.
Public, media, and legislative/regulatory
advocacy are especially important as charitable
giving tax incentives are under attack. The
Partnership for Philanthropic Planning leads all
of these efforts. Please consider making a gift
to PPP this year. Your charitable contribution
will be leveraged to benefit the entire
philanthropic planning community through
activities that could never be accomplished by
each of us individually. The Partnership is a
registered 501(c)3 organization. To learn more
click
here.
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(1-25-12) The Senate Finance Committee is set to hold a
hearing on January 31st to examine "tax extenders" such as the IRA Charitable Rollover. In a news release about the hearing, Finance Committee Chairman Max Baucus (D-MT) said lawmakers will "discuss how best to approach tax extenders in order to create certainty" and "evaluate tax extenders through the lens of tax reform, evaluating what role tax extenders should play in a reform process aimed at broadening the tax base, lowering rates and making the tax code more fair, efficient and simple."
(1-18-12)
(1-10-12) According to a Joint Committee on Taxation
report on so-called "tax expenditures", households earning more than $200,000 a year in 2010 received more than half of the $36 billion per year in forgone federal revenues from the charitable deduction (table 3, page 49). The Administration is likely to use this finding to once again call for capping the value of the charitable deduction at 28 percent for certain high-income taxpayers. The JCT report also provides cost estimates for renewal of the IRA Charitable Rollover, which expired at the end of 2011.
(12-20-11) PPP and its coalition partners have written to members of the Senate Finance Committee and the Joint Select Committee on Deficit Reduction urging lawmakers to preserve the current charitable deduction during future debates on tax reform and deficit reduction. The
letter emphasizes that proposed changes to the charitable deduction would adversely impact the ability of charities nationwide to raise the “the necessary resources to provide critical philanthropic services that ensure shelters for the homeless, food for the needy, healthcare services for those who lack access, programs that improve civic and cultural vitality and other necessary endeavors.” PPP anticipates that Congress will continue to pursue proposals to eliminate or reduce the charitable deduction throughout at least the beginning part of next year.
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(1-25-12) During his State of the Union
address, President Obama once again proposed limiting tax deductions for certain high-income taxpayers, and he specifically called for measures to ensure that individuals making over a million dollars a year pay a minimum effective tax rate of at least 30%. In conjunction with the State of the Union, however, the White House did release a
document
entitled "Blueprint for an America Built to Last," which says "the Administration will work to ensure that this rule is implemented in a way that is equitable, including not disadvantaging individuals who make large charitable contributions." PPP will closely monitor any such tax plans put forth by the President.
(1-3-12) Congress recessed for the holidays without taking any action on the IRA Charitable Rollover, so the provision expired on December 31st. In addition to the Rollover, there are about 60 other tax provisions that expired at the end of 2011, and when Congress reconvenes later in January, lawmakers will be under pressure to retroactively extend many of these tax provisions. PPP will continue to push for inclusion of the Rollover in whatever “tax extenders” package is under consideration in the coming months.
(12-23-11) Save the date! A 2011 attendee called the National Conference on Philanthropic Planning a wonderful “homecoming” for gift planners. Make plans now to attend the 2012 conference on October 3 through 5.
Click here to find out where...
Resources just for PPP members
have moved from the Members Only area of the PPP web
site to the new
e-community. Click
here for instructions on signing-in and using the
e-community. |
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